Government Finances

Government Finances


Government Finances are set out in the fiscal policy for that year. Fiscal policy can be defined as any action by the Government which affects the size, structure and timing of Government revenue and expenditure.  The responsibility for the implementation of the government’s fiscal policy rests with the Minster for Finance. The Budget, presented to the Dáil each year by the Minster for Finance, is the means by which fiscal policy is pursued.

Short-Term Trends


GovFinances_Q1_2019

Revenue vs Expenditure, Quarterly Figures

Source: CSO – Quarterly Government Finance Statistics

Long-Term Trends


At the end of 2018 government revenue was €82.03 billion with expenditure coming in at €81.98 billion resulting in a  government surplus of around €50 million (0.0% of GDP), an improvement on the 2016 deficit of €830 million (-0.3% of GDP)

The nominal general government gross debt (GG Debt) stood at €206.2 billion at the end of 2018 (64.8% of GDP) compared with the 2017 figure of €201.4 billion (68.5% of GDP).

The increase in GDP in 2018 was the primary driver in the decrease of the debt to GDP ratio while nominal debt levels increased by around 2.5% in the period.

GovFinances_2013-2018

Revenue vs Expenditure, Annual Figures

Source: CSO – Quarterly Government Finance Statistics