Written answers
Friday, 16 September 2016
Department of Finance
Tax Data
Pearse Doherty (Donegal, Sinn Fein)
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256. To ask the Minister for Finance if he will provide a comparative table showing tax take, expenditure and investment that is capital spend as a percentage of gross domestic product, GDP, before the most recent GDP figures as published by the Central Statistics Office and after; and if he will make a statement on the matter. [25264/16]
Michael Noonan (Limerick City, Fine Gael)
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The 2015 National Income and Expenditure data published in July 2016 by the CSO revised Ireland's 2015 GDP level from €214,623m (Quarterly National Accounts March 2016) to €255,815m. Estimates of tax take, public expenditure and public capital investment are taken from the CSO Government Income & Expenditure release July 2016. The data requested by the Deputy are in tabular form below.
Details | Taxes | Total expenditure | Gross domestic fixed capital formation* |
---|---|---|---|
€million | €million | €million | |
Government Income & Expenditure 2015 | 50,736 | 75,243 | 4,346 |
2015 Gross Domestic Product - March 2016 | 214,623 | 214,623 | 214,623 |
% of GDP March 2016 | 23.6% | 35.1% | 2.0% |
2015 Gross Domestic Product - July 2016 | 255,815 | 255,815 | 255,815 |
% of GDP July 2016 | 19.8% | 29.4% | 1.7% |
Source: Central Statistics Office
* Gross domestic fixed capital formationdoes not include approximately €690m of Voted Capital expenditure such as Capital Grants that are not considered government investment in National Accounts. €690m represents c.0.32% of 2015 GDP (March 2016) or c.0.27% of 2015 GDP (July 2016).
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