11. Tax Revenue (€000s) Tax Revenue has dropped 30% in just two years. 2007 2008 2009 E Value Added Tax Income Tax Excise Stamps Corporation Tax Capital Gains Tax Customs Training & Employment Levy Unallocated 14,496,588 13,572,410 5,837,878 3,185,602 6,390,625 3,105,495 265,904 2,501 0 13,429,602 13,176,857 5,443,338 1,650,792 5,065,894 1,430,080 248,001 1,032 0 11,420,000 12,475,000 4,634,000 980,000 3,740,000 625,000 230,000 1,000 0 Total 47,249,352 40,777,196 34,400,000
12. Expenditure (€000s) Even with the announced expenditure “cuts” we are still spending more than we did two years ago. Further labour market deterioration is likely to increase social welfare spending (and reduce tax revenue) Vote or Group of Votes 2007 2008 2009E Health & Children 12,448,835 13,745,317 13,426,037 Social & Family Affairs 8,180,934 9,399,098 10,915,679 Education & Science 8,443,974 9,031,516 8,900,030 Other 15,534,992 17,136,863 14,162,658 Total 44,608,735 49,312,794 47,404,404
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14. Closing the Gap More Taxes Less Spending Or just hope for the best!