Most of this is thought to come from income tax and VAT, rather than corporate tax, signifying the genuine health of the economy when multinationals are factored out.
The 12-month rolling figure for the Exchequer surplus was €5.6 billion, which, according to the Department of Finance, is a more accurate measure of economic health.
Recently, figures from Eurostat showed Ireland as having the largest budget surplus in the EU for Q3 2022, tallied at 3.1% of GDP, as opposed to the EU average of -3.2%.
The strong surplus may indicate that the nation has so far avoided a recession.
Irish public finances have started the year strongly
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