Fiscal Monitor (Incorporating the Exchequer Statement) February 2017

02.03.17

  • An Exchequer surplus of €587 million was recorded to end February 2017. This compares to a surplus of €310 million in the same period last year. The €277 million year-on-year improvement is primarily due to increased tax receipts.
  • February Tax revenues were up 1.6% (€4 million) against profile, which represents a 0.8% (€1 million) increase when compared to the corresponding month in 2016. In cumulative terms, tax receipts were 0.6% ahead of target, which equates to an annual increase of 4.1% or €94 million.
  • Overall, total net voted expenditure to end-February 2017, at €7,012 million, was up 6.9% or €451 million in year-on-year terms.