Tax returns 'very strong' in November - Noonan

Tuesday 03 December 2013 07.15
Michael Noonan says that the improvement in the economy is picking up
Michael Noonan says that the improvement in the economy is picking up

Ireland's tax returns were very strong in November and provide evidence that improvement of the economy is gathering pace, Finance Minister Michael Noonan has said.

The Finance Department is due to publish Exchequer figures for November tomorrow.

"Tax and expenditure returns which will be published tomorrow are very strong indeed and we are very pleased with that because it provides the evidence that underpins all the anecdotes that we hear about the recovery in the economy," Mr Noonan said.

He made his comments in a speech at a banking conference in Dublin.

"Recent indicators are showing the continuation of the recovery. Trading partner growth has also resumed and, while challenges and risks remain, external prospects are at their most benign for Ireland for a number of years."

Exchequer data for October showed that Ireland was 0.1% ahead of its 2013 tax revenue goal while government departments had spent 1.5% less than budgeted.