MINISTER FOR FINANCE

Exchequer records €5.2bn surplus for 2022 as tax revenue tops €83bn

Last year, an Exchequer surplus of €5 billion was reported, a €12.4 billion improvement over the €7.4 billion deficit registered in 2021. Both the rapid growth in tax revenue and the drop in Covid-related public spending are reflected in the improvement. On a more comprehensive general government basis, this is consistent with a surplus of … Read more

European Commission approves €1.2 billion energy support scheme for businesses

The European commission has approved the Government’s Temporary Business Energy Support Scheme (TBESS). The TBESS, as announced on Budget day, will assist businesses with their energy costs during the winter months. The TBESS will cost approximately €1.2 billion and The scheme will be administered by the Revenue Commissioners. The scheme will be open to businesses … Read more