Michael McGrath and Paschal Donohoe reflect on the health of the Irish economy

The video discusses Ireland's economic performance, highlighting a surplus of €1.2 billion after a €4 billion transfer to the National Reserve Fund. Tax revenues grew by 6% to over €88 billion, with income tax and VAT showing significant increases. Corporation tax receipts reached a record €23.8 billion, despite volatility. The video also covers expenditure on humanitarian support and public services, reflecting the impact of the Ukraine war and the pandemic.

What was the surplus achieved by the Irish government last year after the transfer to the National Reserve Fund?

• €1.2 billion

• €4 billion

• €8 billion

• €88 billion

By what percentage did the overall tax revenues grow compared to the previous year?

• 6%

• 5%

• 7%

• 3%

Which tax category reached a new record level of receipts in 2023?

• VAT

• Income Tax

• Excise Duties

• Corporation Tax

What was the growth rate of corporation tax receipts in 2023 compared to 2022?

• 9.5%

• 6%

• 5.3%

• 50%

What was the total current expenditure for the last year?

• €82.2 billion

• €88 billion

• €5.6 billion

• €4.3 billion