Govt suspends normal monthly profiles of tax receipts
Updated / Tuesday, 2 Feb 2021
16:54
The collection of VAT returns in January saw the Exchequer record a surplus of €1.2billion last month.
Economics Correspondent
The Department of Finance is suspending its normal monthly profiles of tax receipts until it updates its economic forecasts in April.
In a statement this afternoon, the Department said this was down to the speed at which the public health situation is evolving and the knock-on impact it s having on the economy.
The collection of VAT returns in January saw the Exchequer record a surplus of €1.2 billion last month.
However, the Department of Finance says that on a rolling 12-month basis, the public finances are in deficit to the tune of €12.7 billion.