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Tax take up ten percent on 202...

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Tax take up ten percent on 2022 with hopes of generous budget

Jonathan Duane
Jonathan Duane

10:42 3 Aug 2023


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(Image: Pixabay)

October's budget could be a generous one.

Exchequer figures for July showed yesterday that tax take is up 10 per cent on the same time last year.

Just under 48 billion euro was collected in taxes in the first 7 months of 2023.

Economist Austin Hughes says we could see more money given away on budget day.

"These numbers suggest the government has the capacity and increasing arguments to do more in the budget than perhaps had planned."

"The economy is doing okay but there are several risks to it. The greater risk for the government might be that it does too little in the budget than it does too much."


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