As Gaeilge
EXCHEQUER STATEMENT
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STATEMENT OF EXCHEQUER SURPLUS/(DEFICIT) IN THE PERIOD ENDED 30 NOVEMBER 2008
01 January 2007 01 January 2008
to to
Receipts and Expenditure 30 November 2007 30 November 2008
€000 €000
Receipts
Tax Revenue Note 1 44,672,266 38,859,641
Non-Tax Revenue Note 2 508,230 707,443
Sinking Fund (Capital) * 465,571 487,977
Other Capital Receipts Note 3 911,877 882,613
Total 46,557,944 40,937,674
Expenditure
Voted (Departmental Expenditure Voted Annually by the Dail)** Note 4

 

39,757,024

 

 43,622,039
Non-Voted (Non-discretionary Expenditure charged directly on the Central Fund)
Sinking Fund * Note 5 465,571 487,977
Other Non-Voted Current Expenditure Note 5 3,392,579 3,339,109
Non-Voted Capital Expenditure Note 6 1,361,303 1,383,310
Total 44,976,477 48,832,435
Exchequer Surplus/(Deficit)

1,581,467

 

(7,894,761)

 

Source and Application of Funds
Total (Borrowing)/Repayment Note 7

(7,396,217)

 

(28,095,501)

 

Total Increase/(Decrease) in Exchequer Deposits and Other Balances Note 8

8,977,684

 

20,200,740

 

Exchequer Surplus/(Deficit)

1,581,467

 

(7,894,761)

 

* 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 November : 2007 - €5,850,109,000 and 2008 - €6,798,961,000
RECEIPTS 1 Jan 2007 1 Jan 2008   ISSUES 1 Jan 2007 1 Jan 2008
  to to   to to
  30 Nov 2007 30 Nov 2008     30 Nov 2007 30 Nov 2008
             
  €000 €000   €000 €000
Note 1: Tax Revenue     Note 4: Voted Departmental Expenditure    
           
Customs............ 247,244 247,982 Agriculture & Food................ 1,200,679 1,443,540
Excise............... 5,174,325 5,106,963 Arts, Sport & Tourism............... 513,075 614,137
Capital Gains Tax............. 3,009,276 1,380,287 Communications, Marine & Natural Resources......... 244,546 212,933
Capital Acquisitions Tax.................. 349,755 294,463 Community, Rural & Gaeltacht Affairs........... 403,019 436,166
Stamps............. 2,983,413 1,522,458 Defence...... 852,860 919,959
Income Tax....... 12,538,620 12,276,792 Education & Science..... 7,509,021 8,045,524
Corporation Tax................ 6,196,005 4,979,556 Enterprise, Trade & Employment......... 1,155,873 1,262,929
Value-Added-Tax............. 14,087,242 13,034,482 Environment, Heritage & Local Government........... 2,467,483 2,589,412
Agricultural Levies............ 0 0 Finance Group................ 1,177,051 1,246,222
Training & Employment Levy........... 1,965 746 Foreign Affairs..... 828,512 899,220
Unallocated Tax Receipts……………………… 84,421 15,912 Health & Children.......... 11,450,446 12,604,140
Total 44,672,266 38,859,641 Justice Group... 2,123,565 2,294,514
      Social & Family Affairs .. 7,393,601 8,338,511
      Taoiseach's Group (incl Legal Votes)..... 164,438 168,408
Note 2: Non-Tax Revenue     Transport............ 2,272,855 2,546,424
      Total 39,757,024 43,622,039
Central Bank - Surplus Income........ 98,496 192,814  
National Lottery Surplus.................. 175,000 200,000      
Royalties from Marathon Petroleum................ 4,931 5,340     €000 €000
Central Bank-Accrued public moneys from the       Note 5: Non-Voted Current Expenditure    
issue of coin………………………………………… 20,100 6,000      
      Service of National Debt    
Interest on Loans     Interest.............. 1,736,939 1,636,242
Local Loans Fund............ 3,563 2,674 Sinking Fund Contributions.............. 465,571 487,977
Other Advances............... 4,689 4,345 Other Debt Management Expenses............... 48,874 58,755
           
Dividends     Other Non-Voted Expenditure    
Bord Gais Eireann……………………………….. 0 27,941 Contribution to EU Budget............... 1,398,753 1,406,585
ESB………………………………………………. 63,386 123,010 Finance Act 2003 (Section 166)................. 0 0
Bord Na Mona……………………………………. 0 0 P&T Services Act,(Amendment)1983 Section 75.......... 7,000 11,227
Dublin Port Company……………………………. 4,200 5,108 Payments to Marathon Petroleum Ire. Ltd....... 0 11,677
Other Dividends............... 124 0 Election Expenses............ 18,192 16,298
      Payments to Political Parties under the Electoral Acts………… 5,388 5,550
Other Receipts     Salaries, Pensions and Allowances................ 38,751 44,286
Property Registration Authority Fees………… 70,600 58,400 Oireachtas Commission………………………………………….. 102,617 110,121
Motoring Fines…………………………………. 12,103 13,072 IDA and ADF - Payments under Development Bank Acts, 2005 29,083 29,108
NDFA Act…………………………… 0 1,662 NDFA Act………………………………………... 0 1,614
Other Receipts collected by Departments etc............... 32,501 37,281 Miscellaneous.................. 6,982 7,646
Miscellaneous.................. 18,537 29,796 Total 3,858,150 3,827,086
Total 508,230 707,443      
      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......... 95,572 103,532      
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........... 33 33      
      Investments in International Bodies    
Loan Repayments     European Bank for Reconstruction and Development Act, 1991 304 203
Local Loans Fund Acts, 1935-87.... 10,658 4,829 International Common Fund for Commodities Act 1982 S 3(2) 0 0
Feoga (Guarantee)........... 730,146 740,000 CB/Development Bank………………………………………….. 0 0
Feoga (Intervention)....... 0 0 Development Bank Acts, 2005…………………………………………. 1,850 1,627
Other Loans Repaid........ 131 171 European Communities Acts, 1972 to 1998    
      ERDF/Cohesion Fund...... 2,010 0
Capital Receipts under Statute     FEOGA (Intervention)....... 0 0
Insurance Acts 1953-88................. 2,230 78 FEOGA (Guarantee)......... 140,000 110,000
Carbon Fund Act 2007…………………….. 0 3,723 Other Capital Payments    
        Carbon Fund Act 2007………………………………………… 3,723 3,291
Other Capital Receipts     National Pensions Reserve Fund.... 1,211,625 1,267,500
Sale of State Property............... 3,520 4,105 Other Payments under Statute........ 1,791 689
IDA Ireland................ 6,743 19,673 Total 1,361,303 1,383,310
Enterprise Ireland...... 582 2,246      
Sale of Telephony Licences………………….. 44,400 0 SOURCE AND APPLICATION OF FUNDS    
FAS Receipts...... 1,604 22   €000 €000
Vodafone Sale of Bonus Shares……………… 7,372 0 Note 7: (Borrowing)/Repayments    
Receipt from Sale of Aer Lingus……………… 0 0        
Miscellaneous Capital Receipts.......... 6,086 4,201        
Total 911,877 882,613   Irish Government Bonds listed on the Irish Stock Exchange.. 305,979 (11,088,212)
  Other Irish Government Public Bond Issues... 0 35,242
EIB Loans......... 0 74,575
Medium Term Notes......... 0 0
Private Placements.......... 0 0
National Saving Schemes............... 246,324 (1,225,684)
Commercial Paper............ (8,142,658) (16,446,417)
Miscellaneous Debt.......... 664 3,701
(Borrowing from)/Repayment to Ministerial Funds............ 193,474 551,294
Total (Borrowing)/Repayment (7,396,217) (28,095,501)
     
Note 8: Increase/(Decrease) in Exchequer    
  Deposits and Other Balances    
  Increase/(Decrease) in Exchequer Balance.. 9,229,097 19,877,995
  Increase/(Decrease) in Other Bank Deposits............... 0 300,000
Increase/(Decrease) in Other Balances......... (251,413) 22,745
Total 8,977,684 20,200,740

 
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