Huge surplus gives Government more than expected for Budget

21 comments
  1. “Last month alone, €6.4bn in taxes were collected – nearly a third more than August 2021”

    Wouldn’t be hard we were closed in 2021

    “Some of the strong tax take is due to the so-called base effect, whereby comparisons to last year’s lockdown economy flatter this year’s receipts.”

    Yup

    Bet they aren’t talking about inflation, prices up = taxes up

  2. In typical Irish fashion we are all ignoring the warnings about this being a temporary surge, and not a single political party is suggesting we save this instead of spending it. Let’s remember this in a few years when we have to have austerity budgets to reverse spending and the various Captain Hindsights are wondering why we spent the tax income.

  3. This is going to be used to give energy allowances so people can pay these ridiculous profiteering rates rather than just capping them.

  4. Anything to be said for saving some of it for the next recession when a healthy capital expenditure fund might make the difference between a short recession and more years of depression? Or putting some of it towards the hundreds of billions we owe?

  5. If the government used this money to sell all gas via Gas Networks Ireland at the price it was last year (taking a huge loss in the process) wouldn’t it nip the energy crisis in the bud and there’d be no real need for any other measures?

    Home heating oil and car fuel would still be dearer but everyone will save on the cost of electricity so we’ll just shoulder those two expenses.

  6. Fuck in hell, they must not have left a single seat cushion unturned in Leinster House with all the extra money they are finding!!

  7. They need to drastically increase the threshold for the 40% rate of income tax. It’s absolutely absurd what is going on with their taxation policy.

  8. We are committed to making real changes that will help people. We have increased the standard rate tax band by 1000 euro. That’s an an extra fiver a week in your pocket and not the taxman! Thanks see you next year.

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