The latest exchequer returns for April, published this afternoon, show €24.8bn in tax was collected between January and the end of last month, €600m higher than the same months in 2023.
Total gross spending to the end of April amounted €30.1bn, up €3.2bn on a year ago and €400m or 1.5% ahead of what had been budgeted. Two weeks ago, the Cabinet was warned by the Ministers for Finance and Public Expenditure that spending needed to be reined in because it was already well ahead of where it was this time last year.
Income tax receipts continued to grow strongly rising by 5.9% in the month and are now up 7.1% over the first four months of the year, when compared to the January to April period of last year. But this is mostly reflective of a large decline in March, which the Department of Finance thinks was down to a timing factor that will be offset later this year.
Business Tax Exchequer Returns Spending
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