Investor Presentaiton
Corporate tax receipts growing strongly
Government planning to place excess receipts in long term sovereign fund
Corporation tax at €22.6bn in 2022, nearly double 2020 level
- the growth suggests receipts are transitory
€ billion, cumulative
25
20
15
45
10
5
0₁
Underlying GGB suggests Ireland would be in small deficit in
2023 if excess Corporate Tax excluded (-0.6% of GNI*)
7.5
2.5
-2.5
do
-7.5
-12.5
I
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
-17.5
T
I
|
1995 2000 2005
2010 2015 2020
2025
2016 -
2017
2018-
2019▪
- 2020
2022
2021 2023
GGB (% GNI*) Underlying GGB (%GNI*)
Source: Irish Department of Finance
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
Source: CSO, Irish Department of Finance forecasts
28
828
Note: The Department of Finance's underlying general government balance is the GGB excluding the Government's
estimated windfall corporation tax receipts (windfall estimated at €10.8bn for 2022 and €11.8bn for 2023).View entire presentation