Strong Exchequer Returns welcome but surplus must be invested wisely

Dec 3, 2019

 

Following the publication of the November Exchequer Returns this afternoon (3 December 2019), Chambers Ireland welcomes the strong performance of the economy and notes the record receipts in corporation tax, calling for above profile receipts to be transferred to the Rainy Day Fund.

Noting the Exchequer Returns released today, Chambers Ireland Chief Executive Ian Talbot said,

“These exchequer returns show an economy performing very strongly.

As we face global uncertainties arising from trade disputes and the continued threat of a damaging Brexit we must continue to manage the country’s finances cautiously.

In particular we continue to call for above profile Corporation Tax receipts to be transferred into the Rainy Day Fund, which has been successfully established, and not used to fund additional, recurring current expenditures.”

– ENDS –

For further information please contact Gabriel Doran, Communications & Media Executive on 01 400 4331, 086 608 1605 or email gabriel.doran@chambers.ie

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