merrion street

Commenting on Today's Figures
Minister for Finance Michael Noonan T.D. stated:
“Our citizens deserve quality public services to help develop a fairer Ireland. The amount of tax collected in 2016 is at an historic high. It has provided not only for the extra expenditure incurred in 2016 but for the substantial tax reductions announced in the Budget in October 2015 and delivered during the course of 2016.”
Gross voted expenditure to deliver public services and invest in infrastructure is at just under €56 billion for the year – this is an increase of €1.3 billion or 2.4% relative to 2015. Gross current expenditure has increased by just under 2%, with capital expenditure up by 9.6%. These increases have allowed additional funding to be allocated to support key services, social supports and capital investment. A key priority has been the Health service, with expenditure for the year of €14.1 billion showing an increase of almost €0.8 billion on the previous year.
These levels of expenditure demonstrate the Government’s commitment to improvements in public services, delivering sustainable growth in public spending at a rate that is prudent and responsible taking account of our recent economic history.