# Ирске финансије настављају да се побољшавају у јулу

The surplus means the country is on track to record its first budget surplus in more than a decade this year.

Tax revenues to end-July were €31.945 billion, which was 0.4% ahead of target and 7.6% or €2.255bn more than recorded in the same period of 2018.

The improvement in tax revenues was largely due to a strong corporate tax take of €437m in July, which pushes year-to-date corporate tax receipts into surplus, ahead of target by 4.8% or €210m.

Corporate tax receipts, mainly from Ireland’s large cluster of multi-national firms, have more than doubled in recent years but are forecast to fall back this year after a portion of last year’s surge was adjudged to be a one-off.

Income tax receipts for July of €1.727bn were €142m behind the monthly target, but this was due to a timing issue which is expected to unwind, the finance department said.