New figures show that the Exchequer deficit at the end of last year was €14 billion - that's €10 billion lower than at the end of 2011.
Tax revenue was up €2.6 billion on the year before to €36 billion, non-tax revenue was €45m higher.
The Department of Public Expenditure and Reform figures show that spending in Health and Social Protection resulted in aggregate overspends, but this was offest by underspends in other areas.
These figures were better than the government expected.
Exchequer deficit at
Further signs that the government is getting the economy back on track. A reduction of €10 billion in the exchequer deficit.