Government surplus of €8bn as debt ratio down
Provisional CSO data for 2022 show a general Government surplus of €8 billion, which is 1.6% of Gross Domestic Product (GDP).
In 2022, revenue increased by €16.6 billion (+16.8%), while expenditure rose by €1.8 billion (+1.7%), resulting in an improvement of €14.8 billion over the 2021 deficit.
The general Government debt ratio decreased to 44.7% of GDP at end of 2022.
Debt
Gross debt fell by €11.3 billion during 2022, with an end-year position of €224.8 billion. This compared with the 2021 figure of €236.1 billion (55.4% of GDP).
Today's results are provisional. The detailed release and tables will be published on 21 April, the CSO has said.