1 / 8

End-March 2010 Exchequer Returns

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.

lou
Download Presentation

End-March 2010 Exchequer Returns

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. End-March 2010Exchequer Returns Friday 2nd April 2010

  2. Exchequer Balance

  3. 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

  4. Main Tax Heads End-March 2010 Small discrepancies arise due to rounding of constituent items

  5. Voted Expenditure End-March 2010 Small discrepancies arise due to rounding of constituent items

  6. 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

  7. 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

  8. End-March 2010Exchequer Returns Friday 2nd April 2010

More Related