There was a surplus in the public finances last month of €2.2 billion.
This was an improvement of almost €1 billion compared to January 2021.
On a 12-month rolling basis, the Exchequer deficit is now €6.4 billion, according to figures from the Department of Finance this afternoon.
Tax revenues were up €1.3 billion or 24% more than January 2021.
However, there were more stringent Covid-related restrictions in place a year ago, as well as a temporary reduction in the standard rate of VAT.
Compared to January 2020, pre-Covid, tax revenues are up around €800 million or 13%.
Voted expenditure was €6 billion, which was €300 million less than January last year.
Income tax receipts were €2.6 billion. This was €300 million or 13% higher than January last year and was net of €2.1million made available for various Covid business support schemes.
Compared to January 2020, receipts were €400 million higher, up 18%.
January is generally the most important month for VAT receipts as it takes in purchases made over the Christmas period.
VAT receipts were €3.1 billion, up €700 million or 32% on January 2021.
Compared to January 2020, receipts were up €400 million or 15%.
January is not a significant month for corporation tax.
