Tax Take Up, Government Spendi...

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Tax Take Up, Government Spending Down

98FM
98FM

05:18 2 Oct 2013


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The books at the Department of Finance are in good health, just weeks before budget day.

The Government's taken in more tax than it expected to, and spending - in all departments - is down.

We're currently more than €4BN better off now, than we were this day last year.

This evening's figures are likely to play a role in the Budget, but the Finance Minister is being warned not to go too easy.

The Central Bank says, while painful, suggested savings of €3.1BN should not be scaled back.

Michael Noonan has confirmed the budget correction will be "somewhat less" than that, but he won't say how much.

The Central Bank's Chief Economist, Lars Frisell, reckons the Minister decision is a very risky move.


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