Economic and Investment Outlook
Ireland's fiscal strength apparent
Robust revenues mean surpluses expected in 2023 and 2024
2023 General Government surplus expected to be c. €10bn,
or 3.5% of GNI*
Revenues starting strong in 2023; income tax and VAT
important but corporate tax up over 20%
10
5
22.5
20.0
17.5
0
15.0
12.5
Jo
-5
di
10.0
-10
7.5
2022
-15
GGB % of
GNI* 3%
5.0
2.5
-20
|
I
I
T
0.0
1995
2000 2005 2010 2015 2020
2025
2023 vs 2022 YTD
GGB (% GNI*) == Primary Balance (% GNI*)
Income Tax
IVAT Excise Corporation
Source: CSO, Irish Department of Finance forecasts
Source: Irish Department of Finance
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
LHS chart: GG and primary balance numbers used exclude banking recapitalisations during GFC
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