Today’s Exchequer Statement for September 2015 shows that the position of the Exchequer continues to improve with the underlying Exchequer deficit in 2015 at €2.1bn compared to an underlying deficit of c. €6.1bn in 2014 (excluding all of the substantial one-off transactions). This equates to a year-on-year improvement of c. €4.0bn on the back of increased tax and non-tax revenue and reduced expenditure.