The Fiscal Monitor has been published as a single document since January 2017 and contains information concerning the Exchequer on the month in question. This includes the Analytical Statement as well as further Appendices setting out Voted Expenditure, Tax and Expenditure Analytical Statements, Tax Revenue Profiles and Cumulative Profiles of Exchequer Revenue and Expenditure for the current year.
The Fiscal Monitor covers the cash inflows and outflows of Central Government’s main treasury account, the Central Fund. Revenue items include tax receipts, non-tax revenues and capital receipts. Expenditure is composed of Departmental spending and non-voted expenditures such as debt servicing costs. The Fiscal Monitor is produced within two workings days of month end.
Fiscal Monitor – October 2018
- An Exchequer surplus of €106 million was recorded for 2018. This compares to a surplus of €1,906 million in 2017. When adjusted for the impact of the (€3,434) AIB share sale in 2017, the Exchequer balance shows an underlying annual increase of €1,633 million. This improvement in the Exchequer balance was primarily due to increases in tax and non-tax revenue, albeit somewhat offset by increases in expenditure.Higher than expected corporation tax receipts to be used to improve deficit, better positioning Ireland for the future