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Strong exchequer returns will not be used for giveaway budget

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Figures for the first nine months of the year show almost all the major tax areas are ahead of schedule – with a huge surge in corporation tax.

Government spending meanwhile is around 1.3 per cent below projections, with Health the only problem area.

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But the Finance Minister Michael Noonan says the extra leeway will not be used to go towards extra giveaways in the Budget.

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