End of Q3 2017 shows taxes in-line with target & spending being managed within expectations – Donohoe

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  • Today’s Exchequer Returns show that to end quarter 3, the Exchequer recorded a surplus of €2,344 million, a year-on-year improvement of €2,369 million, underpinned by proceeds of the AIB share disposal;
  • Tax receipts in the first nine months of 2017 are broadly on-profile and up over €1.8 billion year-on-year underpinned by an improving economy;
  • Gross voted expenditure is being managed within expectations, and is up 4.6 per cent in the year, reflecting the Government’s commitment to investing in our public services and infrastructure.

Speaking about the Exchequer figures today (Tuesday) Minister for Finance and Public Expenditure & Reform, Paschal Donohoe T.D., stated: ‘With only three months left in the year, overall tax receipts are in line with forecasts, while expenditure remains within expectations. This means that we are currently on track to meet our fiscal targets for 2017, providing a stable platform for Budget 2018 and in line with plans to balance the books next year.

“The White Paper will be published later this week, setting out the expected expenditure and revenue for the next year based on existing policy prior to any new measures being announced in the Budget. The Exchequer forecast on a post-budgetary basis with be published next week as part of Budget 2018.”

 

Fiscal Monitor – September 2017

End-September 2017 Presentation

 

ENDS

3rd October 2017

  

Contact:

Ben Sweeney, Press Officer, Department of Public Expenditure and Reform – 085 806 9313

Aidan Murphy, Press Officer, Department of Finance – 085 886 6667

Press Office, Department of Public Expenditure and Reform – 01 604 5589

Press Office, Department of Finance – 01 676 0336