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Tax revenues running slightly ahead of targets

Exchequer figures for the month of October show that Government tax revenues for the first ten months of the year running slightly ahead of target. 

Total tax revenues stood at €44.973 billion at the end of October, which was €706m or 1.6% ahead of target.  

Government spending stood at €43.224 billion. Compared to the same point last year, this represents a 6% increase in current spending and a 23.9% increase in capital spending. 

Today’s figures show that a total of €6.885 billion in corporation tax has been collected so far this year. 

This source of tax continues to outperform and is running over 10% ahead of expectations.

Income tax receipts are up 8.1% compared to last year and are broadly in line with expectations for this year. 

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