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IRELAND’S EXCHEQUER SURPLUS stood at €3.8 billion at the end of August, new figures from the Department of Finance show.
Overall, €7.4 billion was collected in tax in August, which is €2.1 billion (40.2 per cent) more than was collected in August 2023.
There was a significant increase in corporation tax receipts in August, which amounted to €3.7 billion, up by €1.9 billion (108.7%) on the same month last year.
However, “the bulk of this increase likely reflects a technical timing factor which depressed receipts earlier in the year”, the Department of Finance explained in a statement, adding that on a year-to-date basis, corporation tax receipts of €16.3 billion were up €3.6 billion (28.4%) on the same period last year.
Income tax receipts of €2.6 billion were collected in August, up by 3.3% on last year, while excise duties of €0.5 billion were collected, up by 9.5%.
Tax revenues overall in the year-to-date were €59.8 billion as of the end of August, which is €6.7 billion (12.6%) higher than the same time last year.
Meanwhile, total gross voted expenditure to end-August came to €63.6 billion – €7.3 billion (12.9%) above the same period in 2023.
In a statement, Minister for Finance Jack Chambers said the tax figures show the “resilience” of the Irish economy.
“The most notable feature of the August performance was the substantial increase in corporation tax receipts. While much of the increase in August relates to a technical timing factor, and offsets a decline earlier in the year, in the year-to-date this revenue stream is now well ahead of last year,” Chambers said.
“However, as I have cautioned previously, these receipts are clearly subject to exceptional volatility. Put simply, there is no guarantee that these revenue streams will remain at this level indefinitely, and it is crucial that we do not build permanent spending commitments on the back of these,” he said.
“With the two new investment funds – the Future Ireland Fund and the Infrastructure, Climate and Nature Fund – we are setting aside a portion of windfall tax receipts to prepare for future fiscal challenges. At the same time, Government will continue to calibrate a budgetary policy that balances the need to address the pressures of today and while, at the same time, maintaining our public finances on a sustainable trajectory over the medium-term.
“Budget 2025, which Minister Donohoe and I will present to the Oireachtas on October 1st, will be framed on this basis.”
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Scrap it. Abysmal show.
Very disappointed as a senior citizen I’m not interested in watching tonight..
What a pointless article. Numerous examples of good chat shows with many fans. The reason RTE and the Late Late Show is so dreadful is largely because of RTE’s cozy collusion with the government of the day. They have an agenda which dictates the guests, the content and the message. It’s 2 hours of fluff and essentially a form of propaganda. And to think they used to pay Tubridy €700,000 a year, it tells you all you need to know. Also keep in mind your government recently allocated E250 million a year to RTE for the next 3 years, despite the recent scandals, again, alleging corruption and cronyism at RTE. They are giving your tax euros and TV licence fee to an organisation that then attempts to brainwash you!
@Paddy Short: while I don’t disagree with the show not being great to put in perspective – Graham Norton gets 3million a year with the bbc… brainwashing and propaganda point is a bit tinfoil hat-ish. They try a variety show but doesn’t work on the format. You need a charismatic host (Patrick Kielty is awkward and not charismatic) and you need good acts that are relevant. Act booking is a pretty bad when they have no names and non interesting stories (and can be depressing). It should be fun and easy and chill like the Graham Norton show which proves that type of show is successful. Nobody wants to hear about another child abuse survivor on a Friday evening when they are trying to chill.
Does anyone know why the comments are closed here in relation to both of the articles covering Meehole Martin’s unwarranted, comments in the case of the death of Sophie Tuscan du Plantier? I have long regarded Meehole as a dope but he has reached new lows of dope hood with this one. He has impugned the integrity of the Garda investigation, cut across the independence of the DPP and implicitly found a man who was not charged with her murder guilty of the same. In any functioning democracy this idiot would be chastised by the Head of Government and asked to resign for such a transgression. But this is Meehole so it’s alright.
@Minnie Mouse: Totally agree with you, the man has reached a new low regarding this.
@Minnie Mouse: Your last sentence says it all. You are talking through it.
Unless you’re able to attract/pay for actual celebrities you’re left with bottom of the barrel types, which is what we’ve had the last number of years. It’s stale. Rte are right not to pay big bucks to land the same standard of guests as Graham Norton, but then you’re left with a show that has very little else to offer. It should be scrapped apart from the toy show.
@ecrowley ecrowley: I don’t think Daniel O Donnell would appreciate you calling him the bottom of the barrel.
@Dave Barrett: But he is!
It’s never been the same since Gaybo!
@ Minnie Mouse. Couldn’t agree more. He is exposing himself as a spoofer and a liar.
The “investigation” of the murder of Sophie Du Plantier was a f up a la the Kerry Babies and rather than posthumously taking a cheap shot at Ian Bailey he should call out the Gardai involved.
D O’D. Sweet sufferin Succotash! I’ll stay in the kitchen and watch the tumble dryer!
Surface level interviews of people seem redundant in the internet age when the same people are posting on social media and half a dozen youtubers have probably interviewed them asking the same questions already.
It’s a nice reminder of what old television was and people will miss it when it’s gone but it’s definitely hard to call it relevant anymore.
A sure some people like it, I think the older stay at home folks tune and enjoy it.
@Ned: I’m of that older generation having been around on this earth for last 65 years I certainly haven’t watched the late late in years I’ve no intention of going outa my way to waste my Fri night on it we have been warned and it gave me time to did out my add free telly 4 the night with loads a sports to enjoy 4 the weekend other than rtes rubbish been passed off as quality entertainment
@Ned: as one of the older generation I haven’t watched it in years. Tuned out during the Pat Kenny era
@liam ward: be god lad looks like you don’t like it or rte but some people do wat h I hear.
@Rebekah Corbett: ya I hear ya, haven’t watched it myself in years so didn’t know it was that bad yikes,
@Ned: No Ned we dont. Well at least I dont. I cant stand the Late Late show
Thank God I’ve prerecorded Jools Holland, can’t stomach the Late Late
I’d prefer inhale the farts out of the cinema seats than subject myself to watching that
@Johnny King: or have your Micky bitten off, as in your avatar. Painful! But not as painful as watching the late late
This is the 3rd article today on this completely 5H1Te show ,
Nobody what’s to watch this total rubbish from rte
Time for it to go. Hold a toy show once year with different hosts. Only time people watch it.
have your say