Interpreting TARGET2 balances

A new BIS paper on this topic is available here.

November Exchequer Statement

The Exchequer Statement for November has been published by the Department of Finance.  The shortfall in taxation flagged in the White Paper is clearly visible in the Analysis of Tax Receipts and is further explained in the Information Note accompanying the return.  Income Tax was €300 million (12.1%) below the monthly target.  There is also an Analysis of Net Voted Expenditure.

The new Analytical Statement is an addition to the monthly information presented by the Department of Finance.

The Insurance Sector in Ireland

The insurance sector is a large part of the financial system (both domestic business and foreign business) – the central bank has released new data reports here.

Gross Value Added for Foreign-owned Multinational Enterprises and Other Sectors Annual Results for 2011

This is a new publication from CSO. This release presents the results of the estimation of Gross Value Added at
constant (2010) factor cost using the chain linked method for sectors ofthe Irish economy dominated by foreign-owned MNEs and other sectors. This is the first time that these breakdowns have been published.

Tracking Global Demand for Advanced Economy Sovereign Debt

More analysis from the IMF here.