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Pandemic spending drives increase in deficit to €4.17bn in March

Ireland business Coronavirus
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The public finances recorded a deficit of €4.172 billion in March, according to figures published this afternoon by the Department of Finance.

This compares to a deficit of €2.535 billion recorded in March 2020. The increase in the deficit is driven by higher current spending in response to the pandemic.

The Department of Finance said on a 12-month rolling basis, the Exchequer has recorded a deficit of €13.953 billion. Tax receipts in March are up 26% to €4.666 billion.

However, the Department points out that this is in large part due to forbearance measures introduced in March 2020 which "flatter the year-on-year comparison." On a cumulative basis, tax receipts for the first three months of the year are €13.067 billion, marginally ahead by

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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