The strong economy resulted in a 3.4% increase in taxes collected in the first three months of this year compared to the same period in 2025.
There was a 6.1% rise in income tax with €8.7 billion paid to the State – an indication that the jobs market remains healthy.
Exchequer returns from the Department of Finance show VAT, which includes taxes on fuel, rose 5.3% to €8 billion.
The Department said that the amount collected in corporation tax was "down slightly" at €2.9 billion - a drop of 3.1%.
Excise, which was cut last month on petrol and diesel, dropped by 1.2% to €1.5 billion.
Overall tax receipts of €22.6 billion were collected in the first quarter of the year.
When one-off tax payments from Apple are excluded from the 2025 figures, the amount collected so far this year is up €700m on last year.
There was an exchequer deficit of €1.2 billion in the first quarter of this year which was largely due to transfers to the State's two long term savings funds the Future Ireland Fund and Infrastructure, Climate and Nature Fund.
Government spending in the three months of the year was €26.4 billion which was 6.4% ahead of the same period last year but 1.6% below the Department of Finance’s forecast.
The Irish Fiscal Advisory Council has consistently criticised the pace spending growth in Ireland which it says is much faster than other EU countries.
Minister for Finance Simon Harris warned that Ireland will see "higher inflation" due to the Iran war.
He added: "Today is a grave moment for the world."
He said decisions made in the coming hours would have a "profound impact."
"Ireland is a small open economy and will always feel these shocks."
He said "I do want to be straight with people: the global economic consequences will be significant."
But he added "Ireland is in a strong position to navigate this."
He said that the country was in a fiscal position to adsorb external shocks.
Minister Harris confirmed that the Government had collected more VAT due to higher energy prices but said that this was far outstripped by the package of €250m of tax cuts on petrol, diesel and green diesel announced last month.
Asked whether the Government could change its policy on nuclear energy due to the Middle East conflict Minister Simon Harris said: "On nuclear, I have no ideological opposition to it."
Minister for Public Expenditure Jack Chambers said: "We should have a debate."
He added: "We know how it could be part of our energy mix going forward."
He said that: "We should not exclude ourselves because an argument that was made 20 or 30 years ago."
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