Jim O'Keeffe
Question:129 Mr. J. O'Keeffe asked the Minister for Finance the estimate for current budget surplus and Exchequer surplus for 1999. [14340/99]
Written Answers. - Budget Estimates.
The budget day forecast for the current budget surplus and for the Exchequer surplus for 1999 is £2.335 million and 925 million respectively.
These figures have since been impacted by two factors. First, the actual 1998 outturn for tax was £36 million higher than expected. This additional buoyancy is expected to carry into the 1999 current budget surplus and the Exchequer surplus. Second, a total of £160 million has been received by the Exchequer for the Telecom Éireann employee share ownership programme which had not been included in the budget day arithmetic. This figure will have an impact on the Exchequer surplus.