End march 2010 exchequer returns
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End-March 2010 Exchequer Returns. Friday 2 nd April 2010. Exchequer Balance. Tax Revenue. Tax revenue = €7¼ billion 15% down year-on-year €266 million or 3½% below profile Annual target €31 billion or 6% down y-on-y. Main Tax Heads End-March 2010.

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End-March 2010 Exchequer Returns

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End march 2010 exchequer returns

End-March 2010Exchequer Returns

Friday 2nd April 2010


Exchequer balance

Exchequer Balance


Tax revenue

Tax Revenue

  • Tax revenue = €7¼ billion

  • 15% down year-on-year

  • €266 million or 3½% below profile

  • Annual target €31 billion or 6% down y-on-y


Main tax heads end march 2010

Main Tax Heads End-March 2010

Small discrepancies arise due to rounding of constituent items


Voted expenditure end march 2010

Voted Expenditure End-March 2010

Small discrepancies arise due to rounding of constituent items


Expenditure key points

Expenditure – Key Points

  • Significant year-on-year reductions largely reflect expenditure policy changes implemented over the last year

  • Overall expenditure is 2.1% below profile. This is mainly due to timing issues across a number of departments

  • Capital spending below profile but is expected to catch up later on

  • The anticipated end-year position remains in line with 2010 REV allocations


Summary

Summary

  • Tax revenue is 15% down y-on-y - substantial decline anticipated in first half of 2010

  • Expenditure is €225 million less than planned – timing issues

  • At end-March the overall Exchequer position is broadly in line with expectations - targets remain valid


End march 2010 exchequer returns1

End-March 2010Exchequer Returns

Friday 2nd April 2010


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