Press release
Minister Donohoe welcomes solid 2017 Exchequer Returns showing continued strengthening and improvement in the economy
Published on
Last updated on
Published on
Last updated on
Commenting on the end-December 2017 Exchequer Returns today (Wednesday) the Minister for Finance and Public Expenditure and Reform, Mr. Paschal Donohoe TD, said:
"I welcome today’s Exchequer returns for 2017 which represent a very solid performance and clearly underscores the improving economy. This in turn translates into strong revenues which is funding our delivery of public services and investment in key infrastructure."
“Tax revenues have performed robustly and at €50.7 billion represents a 6 per cent year-on-year increase which is slightly ahead of expectations. Reflecting our broadly-based recovery, all tax headings have recorded annual growth, with overall receipts now 60 per cent above our 2010 low point."
“On the spending side, gross voted expenditure at €58.6 billion is up 4.6 per cent reflecting the Government’s commitment to deliver services that meet critical social and economic needs. Demonstrating this Government’s priority to meeting our housing pressures, gross voted expenditure by the Department of Housing, Planning & Local Government is up 52 per cent year-on-year."
“This fiscal outturn provides a good platform to start 2018. However, we remain vigilant to the potential challenges we face, including Brexit. We will continue careful management of the public finances, including the focus on reducing our debt burden and continuation with competitiveness-oriented policies."
ENDS