As Gaeilge
EXCHEQUER STATEMENT    
         
STATEMENT OF EXCHEQUER SURPLUS/(DEFICIT) IN THE PERIOD ENDED 31 JANUARY 2005  
         
       01 January 2004  01 January 2005
     

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Receipts and Expenditure       31 January 2004  31 January 2005
     

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€000

Receipts        
Tax Revenue Note 1   3,167,381 3,467,658
Non-Tax Revenue Note 2   8,987 8,309
Sinking Fund (Capital) *      0 0
Other Capital Receipts Note 3   205,582 192,279
Total     3,381,950 3,668,246
         
Expenditure        
Voted (Departmental Expenditure Voted Annually by the Dail)** Note 4  

2,565,760

 2,895,787
Non-Voted (Non-discretionary Expenditure charged directly on the Central Fund)      
Sinking Fund *  Note 5   0 0
Other Non-Voted Current Expenditure Note 5   332,080 353,289
Non-Voted Capital Expenditure Note 6   435 7
Total     2,898,275 3,249,083
         
Exchequer Surplus/(Deficit)     483,675 419,163
         
         
Source and Application of Funds        
Total (Borrowing)/Repayment Note 7  

 (789,958)

      (1,326,175)

Total Increase/(Decrease) in Exchequer Deposits and Other Balances Note 8   1,273,633 1,745,338
         
Exchequer Surplus/(Deficit)     483,675 419,163
         
         
         
         
* The Sinking Fund provision is a transfer from the current account        
to the capital account to reduce national debt        
         
         
** Of which issues for capital spending to end January are : 2004- €254,585,000 and 2005 - €124,949,000  
         
         
A misclassification between interest and capital in the payments from the Local Loans Fund to the& Central Fund in the years 1995-2003 has affected certain figures in the end-year Exchequer Statements 1995-2003 and in the Exchequer Account and Statements 1.2 (Current: Non-Tax Revenue) and 1.8 (Capital: Loan Transactions) in the Finance Accounts 1995-2002.The Exchequer surplus/(deficit)figures are not affected.The figures affected are shown under the sub-heading "Revised End-Year ExchequerStatements 1995-2003 and Finance Accounts Statements 1995-2002" in the Financial and Economic    
Information section of the Department of Finance website www.finance.gov.ie      
         

 

RECEIPTS

1 Jan 2004

1 Jan 2005

 

ISSUES

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1 Jan 2005

 

 

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Note 1: Tax Revenue       Note 4:  Voted Departmental Expenditure       
               
Customs........ 13,000 13,750   Agriculture & Food........... 27,575 18,829  
Excise........... 348,826 404,262   Arts, Sport & Tourism.......... 30,003 20,769  
Capital Gains Tax...... 67,788 83,849   Communications, Marine & Natural Resources......... 18,769 22,923  
Capital Acquisitions Tax.... 10,232 13,982   Community, Rural & Gaeltacht Affairs...... 12,443 14,043  
Stamps......... 156,632 200,940   Defence........ 51,361 57,443  
Income Tax............... 820,621 945,207   Education & Science....... 568,644 529,289  
Income Levy............. 0 0   Enterprise, Trade & Employment.... 90,182 75,805  
Corporation Tax......... 61,468 84,543   Environment, Heritage & Local Government...... 109,416 146,811  
Value-Added-Tax...... 1,608,214 1,672,738   Finance Group........... 45,965 70,236  
Agricultural Levies..... 0 0   Foreign Affairs....... 63,188 71,520  
Training & Employment Levy........ 0 123   Health & Children..... 757,868 1,150,135  
Unallocated Tax Receipts……………………… 80,600 48,264   Justice Group..... 136,271 144,216  
  Total 3,167,381 3,467,658   Social & Family Affairs .... 509,000 474,000  
        Taoiseach's Group (incl Legal Votes)............ 8,342 7,456  
Note 2: Non-Tax Revenue       Transport....... 136,733 92,312  
        Total 2,565,760 2,895,787  
Central Bank - Surplus Income..... 0 0          
National Lottery Surplus.... 0 0          
Royalties from Marathon Petroleum.......... 0 0          
Transfer from Social Insurance Fund.......... 0 0          
Central Bank-Accrued public moneys from the          €000 €000  
issue of coin………………………………………… 0 0   Note 5: Non-Voted Current Expenditure      
               
Interest on Loans       Service of National Debt      
Local Loans Fund..... 0 0   Interest.......... 142,401 43,442  
Other Advances........ 1,561 822   Sinking Fund Contributions........... 0 0  
        Other Debt Management Expenses......... 3,465 3,522  
Dividends              
ACC Bank............... 0 0   Other Non-Voted Expenditure      
Bord Gais Eireann 0 0   Contribution to EU Budget............ 166,122 290,247  
ESB 0 0   Finance Act 2003 (Section 166)........... 35 5  
Irish Aviation Authority 0 0   P&T Services Act,(Amendment)1983 Section 75..... 0 0  
Aer Rianta 0 0   Payments to Marathon Petroleum Ire. Ltd......... 0 0  
Other Dividends........ 0 0   Election Expenses..... 9,575 98  
        Payments to Political Parties under the Electoral Acts………… 1,181 1,238  
Other Receipts       Salaries, Pensions and Allowances.......... 2,584 2,937  
Passport and Consular Fees......... 0 0   Oireachtas Commission*………………………………………….. 5,237 6,865  
Other Receipts collected by Departments etc.......... 7,362 7,042   Miscellaneous........... 1,480 4,935  
Miscellaneous........... 64 445     Total 332,080 353,289  
  Total 8,987 8,309          
        Note 6: Non-Voted Capital Expenditure      
Note 3: Capital Receipts              
        Loans      
EU Receipts       Bord Iascaigh Mhara......... 0 0  
Cohesion Fund Receipts.............. 0 0   Local Loans Fund..... 0 0  
European Regional Development Fund........... 0 314   Nitrigin Ιireann Teoranta 0 0  
EIB-EEA Financial Mechanism..... 0 0          
Trans European Network............. 0 3,500   Share Capital Acquired in State Sponsored Bodies      
Other EU Receipts.... 0 0   ACC Bank plc............ 0 0  
        Arramara Teoranta....... 0 0  
Loan Repayments       SFADCo. Ltd............. 0 0  
Local Loans Fund Acts, 1935-87......... 0 0          
Feoga (Guarantee).... 205,000 175,000   Investments in International Bodies      
Feoga (Intervention))........ 0 0   European Bank for Reconstruction and Development Act, 1991 0 0  
Other Loans Repaid......... 0 0   International Common Fund for Commodities Act 1982 S 3(2) 0 0  
        CB/Development Bank 0 0  
Capital Receipts under Statute       European Communities Acts, 1972 to 1998      
Insurance Acts 1953-88.............. 0 0   ERDF/Cohesion Fund....... 0 0  
Insurance Acts 1964……………………………… 0 0   FEOGA (Intervention)........ 0 0  
        FEOGA (Guarantee).......... 0 0  
Other Capital Receipts              
Sale of State Property............ 0 2,217   Other Capital Payments      
Refund of IDA Grants............. 0 7,783   National Pensions Reserve Fund......... 0 0  
Enterprise Ireland....... 0 3,328   Other Payments under Statute..... 435 7  
Sale of ACC Bank........ 0 0     Total 435 7  
ACC Bank ESOP....... 0 0          
Sale of INPC....... 0 0   SOURCE AND APPLICATION OF FUNDS      
Telephony Licence........... 0 0     €000 €000  
Refund of Shannon Development Grants........... 0 0   Note 7: (Borrowing)/Repayments      
Miscellaneous Capital Receipts............ 582 137          
  Total 205,582 192,279   Irish Government Bonds listed on the Irish Stock Exchange..      (178,200)      (157,062)  
        Other Irish Government Public Bond Issues..... 65,924 0  
        EIB Loans..... 0 0  
        Medium Term Notes.......... 0 201,671  
        Private Placements........... 0 0  
        National Saving Schemes............   (34,754)   (39,941)  
        Commercial Paper.....      (425,781)   (1,137,414)  
        Miscellaneous Debt........... 1,004   (172)  
        (Borrowing from)/Repayment to Ministerial Funds..............      (218,151)      (193,257)  
        Total (Borrowing)/Repayment      (789,958)   (1,326,175)  
               
        Note 8: Increase/(Decrease) in Exchequer      
            Deposits and Other Balances      
        Increase/(Decrease) in Exchequer Balance.... 354,183 1,877,587  
        Increase/(Decrease) in Other Bank  Deposits.......... 920,003 0  
        Increase/(Decrease) in Other Balances...........   (553)      (132,249)  
          Total 1,273,633 1,745,338  
               
               
        *The Houses of the Oireachtas and European Parliament was funded from a dedicated vote (no. 2)  
        up to and including 2003.  In accordance with the Houses of the Oireachtas Commission Act 2003,      
        these expenses will be paid directly from the Central Fund from 1 January 2004.    
               

 
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