Ireland's Tax Surge: A Financial Triumph
Ireland's tax revenue increased by 5.3% in the first 10 months of 2025, driven largely by corporate receipts. The finance ministry anticipates further growth, relying on strong corporate contributions. This revenue boost supports increased spending on public services and aims to achieve a budget surplus by year-end.
- Country:
- Ireland
Ireland's tax revenue witnessed a significant uptick of 5.3% in the opening 10 months of 2025, according to the finance ministry's announcement on Wednesday. The increase, accounting for corporate tax receipts but excluding notable one-off events like the Apple back taxes ruling, exceeded expectations.
Corporate tax receipts have notably spearheaded this fiscal growth, rising to 1.1 billion euros in October alone, from 426 million euros the previous year. The strong performance contributed to the finance ministry's decision to raise its annual forecast by 1 billion euros to a new target of 32 billion euros, anticipating continued growth into the subsequent year.
The additional revenue has bolstered Ireland's ability to enhance public sector and infrastructure funding, leading to a 6% increase in day-to-day expenditures and a 21% rise in capital spending. Despite a temporary exchequer deficit, the finance ministry projects a general government surplus, signaling a thriving financial health.
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