Department of Finance Report Improvement in Public Finances of over €400m

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Department of Finance Report Improvement in Public Finances of over €400m

According to the Department of Finance in the first month of the year, public finances have indicated an improvement of more than €400m.

In January the exchequer recorded an excess of 1.2 billion. This is then up from the €781 million in 2015.

VAT increased by 6.6%, income tax was up to 8.7%, and the general government expenditure was down by 7.6%.

The Minister of Finance, Michael Noonan commented on these – Read more

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