State collected a record €20.5bn in taxes in the fist half of this year
The State collected a record €20.5bn in taxes in the first half of the year, but an increase in spending meant an Exchequer deficit of €24m for the six months to the end of May.
The deficit compared to a surplus of €383m in the same period last year, the decrease in the Exchequer balance was primarily due to higher spending.
Overall, total net voted expenditure to the end of May was €19.336bn, below profile but up €1.5bn compared to the same period last year.
Non-voted expenditure was €4.554bn, up year-on-year by 7.6pc or €320m, including higher EU contributions.