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THE FINAL EXCHEQUER returns before the Budget on 14 October show that the deficit stood at €6 billion at the end of September.
The exchequer deficit now stands at a total of €5.96 billion, compared to €7.14 billion at the end of September 2013.
Total tax revenue in the first nine months of the year came in at €28.8 billion, up nearly €2 billion on the same period in 2013 and just over €700 million ahead of the Department of Finance’s target.
Tax receipts during September were €268 million below what was expected which is being blamed on a delay in payment of €220 million in the pension levy because of the SEPA changeover.
TheJournal.ie / TwitterNearly €2 billion in extra tax has been collected this year compared to 2013 and €703 million more than expected.
— TheJournal.ie (@thejournal_ie) October 2, 2014
VAT for the year to date stands at nearly €9 billon which is up €280 million on what was expected and is reflective of growing consumer confidence, according to the Department of Finance.
The property tax take of €385 million up to the end of September is €15 million less than was expected, but officials said this evening that projecting LPT take is difficult because it is a relatively new tax.
There has been a €251 million overspend in the Department of Health so far this year, or 3 per cent over budget, which Finance officials said today was offset by underspending in other government departments.
Department of Finance official John Palmer said today’s figures “mean we are starting from a much better place than we anticipated” in last year’s Budget projections.
In the Dáil this morning, Finance Minister Michael Noonan said that the government is now targeting a “broadly neutral budget” the week after next in order to achieve the 3 per cent deficit target.
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How much of that was wasted in setting up Irish Water ?
€180 million. Mostly going to big Phils mates for their expertise in shuffling paper about.
The figure will be 1.9 billion over the next three years.
Would be millions more if DO’B didn’t get €millions in debt write offs in the country where he refuses to pay tax!
Not quite true Cynic but don’t let the truth….
Me bad: he’s probably confused flying around in private jet and doesn’t remember which country he’s not paying tax in!
That bit might be true!
Joseph don’t get angry get even with Fine Gael, Labour and Finna Fail at the next election in early February 2016. I hope like me you will vote them out. Their legacy is no doctor, police or services left to serve people of Ireland all in the name of austerity.
I am aware Kenny reads the journal regularly.
I’m still goin on the rip a roo at the wkend, regardless. Fuk em
I Hope the Christmas Bonus is restored. But I wouldnt get my hopes up.
It’ll be restored in time for GE 2016 just not this year, no election to be bought yet.
Only people who work deserve a bonus. I’m looking forward to mine and two weeks off…
I hope it’s not restored. Christmas bonus given to people on social welfare would be a joke. A lot of people who work don’t get Christmas bonuses. Social welfare get a bonus every week and all year round
Gota say I don’t agree with Christmas bonus either,
It’s yet another reason for people to stay unemployed
Yea I’d love an Xmas bonus from my job but let’s not get my hopes up ay
Things like the Christmas bonus are pure stimulus to the wider economy.
It is not as if the money is kept in a cayman Island saving account or put in to a buying a German car.
We had full employment here when the work was there. We do not now when it is not.
The numbers unemployed is not being argued. If there is money to be given back, the unemployed should not get it, everyone should get it and so a reduction in USC would be the way to go. Christmas all round
Spot on, expect a tax cut in 12 months time, should purchase a few votes for the GE
Exactly
the money goes straight back into the economy. the christmas bonuses could save jobs for the folks in the retail sector. it’s win win for everyone.
Daily as a working person myself please don’t tar everyone on the dole as being a sponge. There are plenty of families who have worked for years paying taxes and now find themselves without a pot to p!ss in. Do I begrudge these families additional money to have a nice Christmas and buy presents for their kids? Certainly not. I do however have a problem with long time unemployed scabs who ride the system and never worked or ever will. These people are fcuking parasites.
Hulk, I agree with you on that. Just don’t get angry
You’re ok Daily….I’m currently thinking pleasant thoughts ;)
The numbers may be shaping up, but Noonan ain’t!
They’re still blaming delays in tax receipts on SEPA, nine months on. Beginning to think SEPA is useless.
From the governments perspective, €385m isn’t really all that great a return on the property tax, considering the level of bad press they took for it.
It’s not just about the amount but broadening the tax base and keeping it off transactional based taxes like stamp duty.
I have to laugh at the term broadening the tax base though. Do you mean broadening the amount of tax taken from the middle/working class?
No confidence in these political parasites.
One thing is for certain no politician will go without.
I actually don’t care at this stage and am bored senseless at the very thought of Noonan droning on about it. Two things are clear ; any ‘ concessions’ to ‘hard working families ‘ will be illusory and ANY spare money at all will NOT be used in a prudent fashion for the benefit of all. Do your worst baldy, I will not comply.
Wait till Apple pay their arrears, We’ll be in cover!
no we won’t. If its proved that Ireland gave state aid to apple the country will be fine’d too, Straight to Europe with all that money. We wont see a penny of it.
Not true apple will have to pay it in ireland if found guilty
A national demonstration against water charges is to take place in Dublin on October 11th. It’ll kick off from the Garden of Remembrance. It’s time we stood up and showed these politicians that we are not the passive people that they seem to think we are. They’re pushing us all to breaking point.
What time does it start at that Sunday? Im in Dublin that weekend and would love to attend.
2pm!
When you think of the welfare you only think of the dole! Don’t forget those on the sick! That have no choice and can’t work! Don’t forget those on job seekers that are doing courses just to widening their chances to get a job! And what about those that it would cost more for child care than to work! If I didn’t have my family childcare would cost all of my salary and prob some of my husbands! I wonder when you take all those people out of it, actually how many are scrounges and don’t work by choice! A minority I’ll bet! So Xmas bonuses should be given to welfare! Even if only for the kids!
the politician’s will spin promises to every section of society telling them tax cuts could be on the cards, bonuses for those unemployed and other sound bits. all to appease the growing feeling of anger and frustration at our comical, illogical and corrupt political system. all any of these people care about is reelection.
we have huge debts that haven’t gone away no matter how hard they try and twist our heads in the other direction.
id love for once to hear a politician tell a fraction of the truth.
These political pr**ks think there going to get elected back in.
Here the thing if a government department owes you money your local politician does not want to know, even the independents. But if the gobshit taxes the Fu*kin bulk of your salary the political idiots will give Noonan around of applause. By jes*s their thick or were stupid because we don’t need them.
Proud limerick man
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