Investor Presentaiton

10% 5% 0% Deficit in 2021 could be smaller than expected Ireland plans for primary surplus in 2023 and GG balance in 2025 Gen. Govt. Balance (% of GNI*) will be in significant deficit in 2021 but it may be half that of 2020's deficit Revenues strong in 2021; income tax and corporate tax are strong even versus pre-pandemic levels -5% -10% 2021f GGB % of -15% GNI* -5.9% -20% 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021f 2023f 40% 30% 20% 10% 0% -10% Income tax GG Balance (% GNI*) Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency -Primary Balance (% GNI*) Source: CSO; Department of Finance I Corporation tax Revenue ^ Underlying GG and primary balance numbers used (excludes banking recapitalisations) 2021 vs 2019 (YTD) VAT Excise duties Expenditure 28 28

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