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The Department of Public Expenditure said they disagreed with the use of the term 'fiscal gimmickry', used by IFAC to describe the budget

IFAC stands over 'fiscal gimmickry' comments on Budget

The budgetary watchdog said it completely stood over controversial comments about last year's budget and "fiscal gimmickry", saying there was substantial evidence to support their conclusions.

Business • 16 Feb 24

Minister Paschal Donohoe and Michael McGrath at a news conference announcing the figures this afternoon (Pic: RollingNews.ie)

Exchequer surplus falls to €1.2 billion from €5 billion

The Exchequer recorded a surplus of €1.2 billion in 2023, according to figures released by the Department of Finance.

Business • 05 Jan 24

The Department of Finance was one of a number of stage agencies that were chosen for the initial roll-out of what was supposed to be a new 'simpler' system early last year.

System meant to streamline public accounts criticised

The Department of Finance complained bitterly over a new €115 million system meant to streamline public accounts blaming it for incorrect calculations, slowing down civil servants, staff stress, and simple tasks taking an "inordinate amount of time".

Business • 07 Dec 23

NAMA said the next 16 months were critical in their efforts to complete an orderly wind-down while continuing to deliver value to the Exchequer

NAMA warns of chance of being seen as 'easy target'

The National Assets Management Agency warned of the possibility of being seen as an "easy target" if it rushed to settle outstanding court cases ahead of its planned final wind-down date in 2025.

Business • 01 Dec 23

The placing is expected to comprise of around 131 million of the company's ordinary shares.

McGrath announces plan to sell further 5% stake in AIB

The Minister for Finance is to sell another 5% of the State's stake in AIB, bringing its remaining shareholding in the company from 45.8% to around 40.8%.

Business • 06 Nov 23

Corporation tax take continued to surge in July, and is 20.7% higher so far this year

Exchequer tax take up 4.6% in July

Almost €6.57 billion in tax was received by the Exchequer in July, up €303m (4.6%) on the same month of last year.

Business • 03 Aug 23

That is down from €4.2 billion in the same period last year.

Over €40bn in taxes collected by Govt so far this year

Tax receipts of €40.9 billion were collected by the Government in the first half of this year, €4 billion more than the same period last year.

Business • 04 Jul 23

Permanent TSB had no comment to make on the development

State to sell 3% of its stake in Permanent TSB

The Minister for Finance is to sell 3% of the State's stake in Permanent TSB.

Business • 01 Jun 23

The latest Exchequer figures show corporation tax is up an incredible 71% in the first three months of this year compared to the same time last year

Corporation tax take jumps by 71% in first quarter

The amount of corporation tax collected in the first three months of this year is running €1.35 billion ahead compared to the same time last year.

Business • 04 Apr 23

Debt as a percentage of the size of the economy is reducing, today's report from the Finance Department shows

Irish debt burden among highest per capita in the world

The national debt stood at €226 billion at the end of last year, according to the Department of Finance's Annual Report on Public Debt in Ireland.

Business • 03 Feb 23

On a twelve-month rolling basis, this means the Exchequer is running a surplus of €5.6 billion.

€2.8bn surplus in public finances recorded in January

The public finances recorded a surplus in January of €2.8 billion, according to figures published this afternoon by the Department of Finance.

Business • 02 Feb 23

Ministers Paschal Donohoe and Michael McGrath at a media briefing to announce the 2022 Exchequer figures (Pic: RollingNews.ie)

Exchequer collected record €83bn in tax last year

The Exchequer collected a record €83.1 billion in tax last year, according to figures published this evening by the Department of Finance.

Business • 04 Jan 23

A booming multinational sector has pushed Ireland's corporation tax take to record levels

Record level of corporation tax collected in November

A record €5 billion in corporation tax was collected in November, according to the latest Exchequer returns, the biggest monthly figure ever.

Business • 02 Dec 22

The proposals were brought to Cabinet by Minister for Finance Paschal Donohoe this morning.

Plans to allow banks pay bonuses up to €20,000 approved

The Cabinet has approved plans to ease restrictions on pay and bonuses for staff at the banks that were bailed out by the Irish taxpayer during the financial crisis.

Business • 29 Nov 22

That compares with a deficit of €6.2 billion in the same period last year.

The Department said the €14.1 billion improvement in the Exchequer balance was primarily driven by a decline in Covid-related expenditure and by strong growth in tax revenue.

Tax revenue to end of September just under €58bn

Overall tax revenue for the first nine months of the year came in at just shy of €58 billion, the latest Exchequer Returns from the Department of Finance show.

Business • 04 Oct 22

The process of selling down the shares began last year

State completes sell down of Bank of Ireland stake

The State has completed the sell-off of its shareholding in Bank of Ireland.

Business • 23 Sep 22

AIB was forced into a U-turn on the plan four days after it was announced

Minister defends handling of AIB cash withdrawal plan

The Minister for Finance has defended his and his department's handing of the decision by AIB to end cash services in 70 branches around the country in July.

Business • 21 Sep 22

Today's report compares the dependence on corporation tax in the public finances to that of the dependence on property related taxes during the boom

Corporation tax report warns of 'potential fiscal hole'

The Exchequer could collect €20 billion in corporate taxes this year, according to a report published today by the Department of Finance.

Business • 08 Sep 22

Minister for Finance Pascal Donohoe said Budget 2023 would include measures to help those affected by rising energy prices

Tax concentration a 'significant vulnerability': report

The Department of Finance's annual Taxation Report describes the concentration of Corporation Tax receipts from a small number of multinational companies as a "significant vulnerability for the public finances."

Business • 01 Sep 22

On a 12-month rolling basis, there is now a surplus of €2.1 billion in the public finances

Public finances show surplus of €4.2bn at end of June

The Exchequer recorded a surplus in the public finances of €4.2 billion at the end of June, according to figures published by the Department of Finance.

Business • 04 Jul 22

This compares to a deficit of just over €6 billion at the same time last year

Public finances show surplus of €1.4bn at end of May

The public finances recorded a surplus of €1.4 billion at the end of May, according to the latest Exchequer figures from the Department of Finance.

Business • 02 Jun 22

Seven in ten of those surveyed said digital channels were their main means of contact with their bank

Banking research reveals huge dependency on main banks

Just 1% of people here have their main current account with a digital bank, a survey of consumers carried out on behalf of the Department of Finance has found.

Business • 16 May 22

This compares to a deficit of €7.6 billion in April 2021

Public finances show deficit of €1.1bn at end of April

There was a deficit in the public finances of €1.1 billion at the end of April.

Business • 04 May 22

Finance Minister Paschal Donohoe outside the Department of Finance

Public finances show surplus of €200m in March

The public finances recorded a surplus at the end of March of €200m, according to the latest Exchequer figures published by the Department of Finance.

Business • 06 Apr 22

Minister for Finance Paschal Donohoe said the country needed to rebuild its fiscal buffers and steer the public finances to 'a more balanced path'

Public debt per capita 'one of the world's highest'

The State took on an additional €33 billion in debt over the two years of the pandemic, according to a new report from the Department of Finance.

Business • 22 Feb 22