Dublin: Ireland’s public finances remain strong, according to a white paper released by the Department of Finance ahead of next week’s national budget. The report projects a €10.3 billion surplus for this year, reflecting the continued resilience of the Irish economy.
The annual white paper provides detailed forecasts of the government’s income and expenditure for the coming fiscal year. It anticipates a budget surplus of €8.7 billion in 2025, followed by €1.07 billion in 2026, with an upward revision to €1.45 billion by the end of that year.
However, the paper also highlights Ireland’s dependence on corporate tax receipts. When excluding Apple-related tax revenues, the Treasury would record a deficit of €2.2 billion this year. If all corporate tax revenues are excluded, the deficit would widen to €7.3 billion this year and further to €9.8 billion next year.
Finance Minister Paschal Donohoe said the outlook points to continued economic growth through 2025 and 2026, supported by strong tax performance. Total tax revenues are expected to reach €106 billion by the end of next year on a pre-budget basis.
Corporate tax receipts—largely driven by multinationals—are projected to rise to €34 billion by next year, underscoring their critical role in Ireland’s fiscal position.
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