March 3, 2020 / 4:58 PM / a month ago

Irish tax revenues grow by 13.8% year-on-year in February

DUBLIN (Reuters) - Ireland collected 13.8% more tax in February than in the same month last year, thanks to strong growth in corporate tax revenues, the finance ministry said on Tuesday.

The Irish economy has been the best performing in the European Union since 2014, lifting the tax take to record levels even as the government gradually unwinds some of the increases introduced during the financial crisis.

“Our economy is in very good health”, Prime minister Leo Varadkar told journalists after Tuesday’s cabinet meeting.

“And the exchequer returns you will see published tomorrow indicate that we had a very strong and very good start to 2020.”

Spending by government departments was 256 million euro below what had earmarked. The exchequer recorded a surplus of 1.001 billion euros, up 139 million euro on the same period last year.

Reporting by Graham Fahy, Editing by William Maclean

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