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

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

Assessment

Interactive Video

Business

University

Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the percentage growth in corporation tax receipts in 2023?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the overall current expenditure amount for the year?

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