The Department of Finance said tax receipts, the main source of exchequer revenue, rose 3.2 per cent on the year to €78.8 billion in the 10 months to October.

The underlying exchequer deficit more than doubled year-on-year to €4.2 billion for the first 10 months of 2025, largely as a result of cash transfers to two new sovereign funds, according to the Department of Finance.

The out-turn also excludes the windfall received by the public coffers after Europe’s highest court ruled late last year that US tech giant Apple owed the Revenue Commissioners ba

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