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Exchequer deficit of almost €7.5 billion in April - double that of same month last year

Ireland business Coronavirus
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The Exchequer recorded a deficit of €7.473 billion in April, more than double the deficit of €3.192bn recorded in April of last year.

Spending to the end of April was up €2.4bn, or 13.5%, on where it was planned to be, primarily due to Covid-19 related expenditure by the Department of Health and the Department of Employment Affairs and Social Protection.

Tax receipts in April were down 8%, or €223m, on the same month last year. Tax receipts in the year to April were down 0.6%, or €86m.

In a statement, the Department of Finance points out that the full impact of Covid-19 has yet to materialise in taxation receipts.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
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Brazil
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Russia
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Deaths: 237 619
Recovered: 0
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