Ruairi Quinn (Dublin South East, Labour)
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Question 28: To ask the Minister for Finance if he will make a statement on the end of year Exchequer returns for 2004. [2486/05]

Brian Cowen (Laois-Offaly, Fianna Fail)
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As the Deputy is aware, I have already issued a press statement regarding the end-2004 Exchequer returns, which is available on my Department's website.

As stated in this press statement, an Exchequer surplus of €33 million was recorded in 2004, confirming the improvement in the public finances revealed earlier in the year. Tax receipts were well ahead of expectations due in part to higher than anticipated economic growth and once-off tax receipts from Revenue special investigations while spending was slightly below the target.

The performance of the public finances in 2004 places us in a good position for the future. However, continued prudent management of our finances is essential. This will secure the basis for sustained public spending and improved public services for all.