Windsor Framework & Northern Ireland Protocol Overview
Corporate tax grew more modestly in 2023
Government plans to places excess receipts in two investment funds (FIF/ICNF)
Corporation tax revenue was €23.8bn in 2023, double 2020
level - legitimate concern receipts are transitory
Underlying GGB suggests Ireland would be in small deficit in
2023 if excess Corporate Tax excluded (-0.7% of GNI*)
EUR, billion
25.0
22.5
20.0
17.5
15.0
12.5
10.0
7.5
5.0
2.5
0.0
I
09 10 11 12 13 14 15 16 17 18 19 20 21 22 23
I Corporation Tax Revenue
Source: Irish Department of Finance
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
8
3
-3
do
-8
-13
-18
I
|
1995
2000 2005
2010 2015 2020
2025
GGB (% GNI*) Underlying GGB (%GNI*)
Source: CSO, Irish Department of Finance forecasts
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).
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