Exchequer Statement for the period ended 31 May, 2008 - Department of Finance

EXCHEQUER STATEMENT
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STATEMENT OF EXCHEQUER SURPLUS/(DEFICIT) IN THE PERIOD ENDED 31 MAY 2008

		01 January 2007	01 January 2008
		to	to
Receipts and Expenditure		31 May 2007	31 May 2008
		€000	€000
Receipts
Tax Revenue	Note 1	18,603,154	17,121,668
Non-Tax Revenue	Note 2	175,881	185,518
Sinking Fund (Capital) *		0	449,360
Other Capital Receipts	Note 3	852,346	866,710
Total		19,631,381	18,623,256

Expenditure
Voted (Departmental Expenditure Voted Annually by the Dail)**	Note 4	16,908,357	19,063,507
Non-Voted (Non-discretionary Expenditure charged directly on the Central Fund)
Sinking Fund *	Note 5	0	449,360
Other Non-Voted Current Expenditure	Note 5	2,050,572	2,285,842
Non-Voted Capital Expenditure	Note 6	405,967	422,588
Total		19,364,896	22,221,297

Exchequer Surplus/(Deficit)		266,485	(3,598,041)


Source and Application of Funds
Total (Borrowing)/Repayment	Note 7	(567,267)	(13,502,761)
Total Increase/(Decrease) in Exchequer Deposits and Other Balances	Note 8	833,752	9,904,720

Exchequer Surplus/(Deficit)		266,485	(3,598,041)




* The Sinking Fund provision is a transfer from the current account
to the capital account to reduce national debt



** Of which issues for capital spending to end May are : 2007 - €1,826,427,000 and 2008 - €2,674,374,000

RECEIPTS	1 Jan 2007	1 Jan 2008	ISSUES	1 Jan 2007	1 Jan 2008
	to	to		to	to
	31 May 2007	31 May 2008		31 May 2007	31 May 2008

	€000	€000		€000	€000
Note 1: Tax Revenue			Note 4: Voted Departmental Expenditure

Customs.................	116,446	116,728	Agriculture & Food...............................	483,963	409,672
Excise....................	2,409,476	2,353,248	Arts, Sport & Tourism..............................	188,967	251,872
Capital Gains Tax...............................	1,014,582	602,056	Communications, Marine & Natural Resources.........	111,692	93,467
Capital Acquisitions Tax.....................	152,978	142,172	Community, Rural & Gaeltacht Affairs..........................	182,071	204,940
Stamps..................	1,437,896	805,934	Defence........	380,609	405,664
Income Tax............	4,996,745	4,975,902	Education & Science.......	3,339,849	3,610,879
Corporation Tax..................................	1,483,591	1,357,363	Enterprise, Trade & Employment........................	519,617	538,430
Value AddedTax...............................	6,943,237	6,733,846	Environment, Heritage & Local Government..........................	797,355	1,030,175
Agricultural Levies..............................	0	0	Finance Group...............................	459,942	528,753
Training & Employment Levy............................	1,242	377	Foreign Affairs.......	377,367	422,136
Unallocated Tax Receipts………………………	46,961	34,042	Health & Children.........................	5,096,404	5,761,223
Total	18,603,154	17,121,668	Justice Group.................................	955,727	1,021,575
			Social & Family Affairs ................................	3,255,519	3,583,150
			Taoiseach's Group (incl Legal Votes)....................	75,726	71,217
Note 2: Non-Tax Revenue			Transport...........................	683,549	1,130,354
			Total	16,908,357	19,063,507
Central Bank - Surplus Income.........................	38,090	38,090
National Lottery Surplus.....................	70,000	80,000
Royalties from Marathon Petroleum..................	141	5,340		€000	€000
Central Bank-Accrued public moneys from the			Note 5: Non-Voted Current Expenditure
issue of coin…………………………………………	0	0
			Service of National Debt
Interest on Loans			Interest...................	1,229,038	1,300,467
Local Loans Fund..............................	351	152	Sinking Fund Contributions...............................	0	449,360
Other Advances.................................	4,674	4,321	Other Debt Management Expenses.................	19,943	27,996

Dividends			Other Non-Voted Expenditure
Bord Gais Eireann………………………………..	0	0	Contribution to EU Budget................................	699,158	847,909
ESB……………………………………………….	0	0	Finance Act 2003 (Section 166)...................	0	0
Bord Na Mona…………………………………….	0	0	P&T Services Act,(Amendment)1983 Section 75.........................	0	7,686
Dublin Port Company…………………………….	0	0	Payments to Marathon Petroleum Ire. Ltd.........	0	0
Other Dividends.................................	124	0	Election Expenses..............................	6,982	6,019
			Payments to Political Parties under the Electoral Acts…………	3,448	2,746
Other Receipts			Salaries, Pensions and Allowances..................	16,130	21,062
Property Registration Authority Fees…………	34,150	28,050	Oireachtas Commission…………………………………………..	48,127	46,714
Motoring Fines………………………………….	4,221	5,915	IDA - Payments under Development Bank Acts, 2005	23,333	23,333
NDFA Act	0	540	NDFA Act	0	500
Other Receipts collected by Departments etc..............................	21,710	14,612	Miscellaneous........	4,413	1,410
Miscellaneous........	2,420	8,498	Total	2,050,572	2,735,202
Total	175,881	185,518
			Note 6: Non-Voted Capital Expenditure
Note 3: Capital Receipts
			Loans
EU Receipts			Bord Iascaigh Mhara..........................	0	0
Cohesion Fund Receipts....................	0	0	Local Loans Fund..............................	0	0
European Regional Development Fund...........	95,454	102,334
EIB-EEA Financial Mechanism.........................	0	0	Share Capital Acquired in State Sponsored Bodies
Trans European Network.................................	2,800	0	Arramara Teoranta................................	0	0
Other EU Receipts.............................	16	16
			Investments in International Bodies
Loan Repayments			European Bank for Reconstruction and Development Act, 1991	0	0
Local Loans Fund Acts, 1935-87.....................	4,796	265	International Common Fund for Commodities Act 1982 S 3(2)	0	0
Feoga (Guarantee).............................	730,146	740,000	CB/Development Bank…………………………………………..	19	19
Feoga (Intervention).........................	0	0	Development Bank Acts, 2005………………………………………….	0	0
Other Loans Repaid..........................	0	0	European Communities Acts, 1972 to 1998
			ERDF/Cohesion Fund........................	2,010	0
Capital Receipts under Statute			FEOGA (Intervention).........................	0	0
Insurance Acts 1953-88....................	476	60	FEOGA (Guarantee)...........................	0	0
			Other Capital Payments
Other Capital Receipts			Carbon Fund Act 2007…………………………………………	0	0
Sale of State Property................................	2,000	1,157	National Pensions Reserve Fund.....................	403,875	422,500
IDA Ireland.................................	6,617	19,612	Other Payments under Statute.........................	63	69
Enterprise Ireland........................	582	1,540	Total	405,967	422,588
Sale of Telephony Licences…………………..	0	0
FAS Receipts........................	1,561	0	SOURCE AND APPLICATION OF FUNDS
Vodafone Sale of Bonus Shares………………	7,372	0		€000	€000
Receipt from Sale of Aer Lingus………………	0	0	Note 7: (Borrowing)/Repayments
Miscellaneous Capital Receipts............	526	1,726
Total	852,346	866,710
			Irish Government Bonds listed on the Irish Stock Exchange..	83,051	(6,895,034)
			Other Irish Government Public Bond Issues.................................	0	0
			EIB Loans..............	0	0
			Medium Term Notes...........................	0	0
			Private Placements............................	0	0
			National Saving Schemes................................	314,887	(139,717)
			Commercial Paper..............................	(1,472,145)	(6,763,325)
			Miscellaneous Debt............................	332	63
			(Borrowing from)/Repayment to Ministerial Funds..............	506,608	295,252
			Total (Borrowing)/Repayment	(567,267)	(13,502,761)

			Note 8: Increase/(Decrease) in Exchequer
			Deposits and Other Balances
			Increase/(Decrease) in Exchequer Balance................................	833,373	9,905,254
			Increase/(Decrease) in Other Bank Deposits..............................	250,000	0
			Increase/(Decrease) in Other Balances...........	(249,621)	(534)
			Total	833,752	9,904,720

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