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Paschal Donohoe said expenditure now stands at €38bn - an increase of 29.9% on this time last year

Exchequer deficit of €7.4bn in July as tax take falls

The deficit in the public finances was €7.4 billion in July, which compares to a surplus of €896m recorded in July of last year.

Business • 05 Aug 20

The Department of Finance said the full impact of Covid-19 has yet to materialise in taxation receipts

Exchequer deficit of almost €7.5 billion in April

The Exchequer recorded a deficit of €7.473 billion in April, more than double the deficit of €3.192bn recorded in April of last year.

Business • 05 May 20

Paschal Donohoe did say that the State will be able to fund the increased deficit in the public finances

Donohoe says extra health spend will be up to €2bn

The Minister for Finance has told his Cabinet colleagues that extra spending on health to deal with the Covid-19 crisis will amount to up to €2 billion.

Coronavirus • 07 Apr 20

Tax revenues for the first quarter of 2020 were €800m lower than expectations

Economic cost of Covid-19 could top €16 billion

The economic cost of the coronavirus crisis through fiscal supports and deferred tax revenue will likely be over €16 billion.

Business • 03 Apr 20

Ireland has appealed against an EU Commission finding on Ireland providing illegal state aid to Apple

Ireland appeals ECJ state aid ruling against Luxembourg

The Department of Finance says it has lodged an appeal at the European Court of Justice against a State aid ruling made against Luxembourg by the EU's General Court last year because of its relevance to the European Commission's ruling against Ireland for its tax treatment of Apple.

Business • 20 Feb 20

The Exchequer had a surplus of almost €1.67bn in January

Exchequer January tax take up 10% to €5.9bn

The Exchequer collected €5.9 billion in taxes last month, up 10% on January last year, according to figures published by the Department of Finance.

Business • 04 Feb 20

Flat rate expenses are claimed by those working in certain professions who traditionally had incurred expense in the course of their jobs

Revenue defers flat rate expenses decision for a year

Revenue has deferred a decision on the implementation of any planned changes to the flat rate expenses system for a year, pending the outcome of a review by the Tax Strategy Group in the Department of Finance.

Business • 05 Dec 19

The Department of Finance has refused to give details of the fees paid to barristers in respect of the Apple escrow fund

Dept won't reveal lawyers' fees over Apple escrow fund

The Data Protection Commission has disagreed with claims by the Department of Finance that it cannot disclose details of fees paid to barristers because of data protection laws.

Ireland • 28 Nov 19

The Department of Finance is not preparing for war, but it is planning for a hard Brexit

Dept of Finance on Brexit war footing ahead of Budget

Inside the briefing room of the Department of Finance, tucked away in a corner, are two white painted steel window shutters hanging on a frame.

Business • 06 Oct 19

Paschal Donohoe said the Government had published a roadmap for corporate tax reform and work is underway to implement the necessary changes

Ireland doesn't get deserved recognition for tax change

The Minister for Finance has claimed that Ireland does not get the recognition it deserves from some quarters for the amount of change it has made in its corporate tax code and policy.

Business • 27 Aug 19

Derek Moran was speaking at an Oireachtas committee this morning

'Large chunks' leaving for banks not subject to pay cap

"Large chunks of the senior management" in Irish banks are leaving their jobs for higher pay in banks that are not subject to the €500,000 bankers' pay cap, according to the Secretary General of the Department of Finance.

Ireland • 30 May 19

The 'Ireland for Finance' is the latest Government initiative targetting the international financial services sector

Govt launches plan to boost financial services sector

The Government hopes to increase direct employment in the financial services sector to 50,000 by 2025, according to the Ireland for Finance strategy launched this morning.

Business • 26 Apr 19

Finance Minister Paschal Donohoe cautions against taking anything for granted

Government cuts economic growth forecast for this year

The Government has revised its forecast for economic growth down slightly, predominantly as a result of external risks.

Business • 16 Apr 19

The Public Accounts Committee discussed overruns at the new national children's hospital

PAC chairman 'highly frustrated' over absence

Chairman of the PAC Seán Fleming has said it is "highly frustrating" that the start of this morning's meeting has been dominated by the non-attendance of Chief Procurement Officer of the Department of Finance.

Politics • 07 Mar 19

Finance Minister Paschal Donohoe appears before the Joint Oireachtas Committee on Finance today

Finance's projections on Brexit conservative - Donohoe

Figures by the Department of Finance on a disorderly Brexit "may be conservative" according to Minister Paschal Donohoe.

Business • 05 Feb 19

There has been a zero-VAT rating on food supplements since 1972

Minister defends VAT hike on food supplements

Minister for Finance Paschal Donohoe has defended a decision to increase the VAT on food supplements, including vitamins and minerals, from zero to 23%.

Politics • 23 Jan 19

Some moneylenders charge as much as 187% APR on loans

SF proposes bill to tackle moneylender interest rates

Massive interest rates on money lent by moneylenders could become a thing of the past if legislation proposed by Sinn Féin is passed.

Business • 13 Dec 18

VAT also performed strongly in November, coming in almost 9% ahead of projections for the month at €2.3 billion

Exchequer figures show surge in Corporation Tax

Another unexpected surge of Corporation Tax payments has boosted the Government's coffers during November - giving it enough extra cash to eliminate the headline deficit

Business • 05 Dec 18

Dude, where's my surplus?

On Saturday morning, the Department of Finance was projecting a small budget surplus of €640m at the end of next year. By Tuesday lunchtime, that had shrunk to €75 million. What happened to the surplus? The Budget – that's what happened.

Budget 2019 • 10 Oct 18

The Finance Department said the High Income Earners' 'restriction is working as intended and is working well'

Finance says high income earners 'restrictions' working

Figures from the Department of Finance show that the country's higher earners paid an extra €38.5m in tax during 2016, thanks to the restriction on certain tax reliefs.

Business • 08 Oct 18

The Government is currently targeting a 0.2% deficit for this year and 0.1% for next year

Budget deficit for 2017 revised down to 0.2% of GDP

The budget deficit for 2017 was revised down slightly to 0.2% of gross domestic product, provisional figures from the Central Statistics Office show today.

Business • 05 Oct 18

Minister for Finance Paschal Donohoe said the roadmap 'highlights the significant actions' Ireland has taken to ensure the corporation tax regime is transparent

Government publishes plan to overhaul corporation tax

The Government has published its latest plan to overhaul the country's corporation tax system, titled 'Ireland's Corporation Tax Roadmap'.

Business • 05 Sep 18

The demand for bank credit increased by 6 points year-on-year to 26%, and is up three points from September 2017

61% of SMEs say banks are lending

There is a significant increase in the numbers of small and medium enterprises that believe banks are lending to business, according to the latest SME Credit Demand Surveys published by the Department of Finance.

Business • 27 Aug 18

Unemployment has fallen consistently for the last six years since the jobless rate peaked at 16% in 2012

Unemployment falls to 5.1% in June - CSO

The country's unemployment rate fell to 5.1% in June from 5.2% in May - the lowest level since October 2007 - new figures from the Central Statistics Office show today.

Business • 03 Jul 18

Tax revenues of €20.5 billion were collected up until the end of May

Exchequer Returns in line with expectations

An Exchequer deficit of €24 million was recorded up until the end of May.

Business • 05 Jun 18