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Overruns in health this year look likely to be higher than the €1.5 billion assumed IFAC said

Govt adopting 'everything now' approach to budget - IFAC

The State's fiscal watchdog has claimed that the Government is adopting an 'everything now' approach of current spending increases, tax cuts and increased investment for next year's budget.

Business • 10 Jul 24

Minister for Public Expenditure Paschal Donohoe and new Minister for Finance Jack Chambers announced the Summer Economic Statement earlier

Additional €8.3bn funding for use in Budget 2025

The Government is to make €8.3 billion in additional funding available for use in Budget 2025, its last before the next general election.

Business • 22 Jul 24

The Council says that €250 million euro classified as 'windfall capital investment' in the Statement must be counted in core expenditure as this item is contained in each year out to 2026

IFAC: Govt to boost core spending by more than stated

The Irish Fiscal Advisory Council has calculated that the Government plans to increase core spending next year by €5.5 billion, some €250 million more than set out in the Summer Economic Statement published yesterday.

Business • 07 Jul 23

Central Bank Governor Gabriel Makhlouf said that any relief from the energy crisis should be temporary and targeted

Energy crisis relief should be temporary, says Makhlouf

The Governor of the Central Bank has said the Government should stick within the parameters already set out for the upcoming Budget and that going beyond that could add to inflationary pressures.

Business • 14 Sep 22

Predicting what is going to happen with corporation tax receipts is difficult

Why have we a corporation tax bonanza and will it end?

You can never have too much of a good thing, or so the saying goes - except it seems if that good thing is corporation tax, writes Business Editor Will Goodbody.

Business • 08 Jul 22

Tánaiste Leo Varadkar said he has discussed 30% tax rate idea with Paschal Donohoe

30% tax rate idea still being examined - Varadkar

A new 30% tax rate for middle-income earners has not been ruled out, according to Tánaiste Leo Varadkar.

Politics • 05 Jul 22

Energy costs were among the issues raised by Opposition figures

Opposition say Budget plans too little and too late

Opposition parties have criticised the Government's Summer Economic Statement, saying the Government needs to go further, sooner.

Summer Economic Statement • 04 Jul 22

Ministers Michael McGrath (L) and Paschal Donohoe have announced increased funding in the Budget

Budget to include 'once-off' 6.5% spending increase

The Government's Summer Economic Statement shows the forthcoming Budget will contain spending and tax measures equal to €6.7 billion.

Economy • 04 Jul 22

When measured by GDP, the Department of Finance said the economy is forecast to grow this year by 15.6%

Forecasts doubled for economic growth this year

Forecasts for growth in the Irish economy this year have been doubled by the Department of Finance.

Business • 30 Sep 21

Finance Minister Paschal Donohoe warns the unexpected increase in corporation tax take this year could be gone by 2023

No changes to Budget framework - Donohoe

The Minister for Finance has said he is not looking at making any further changes to the framework for October's budget beyond what was set out in the Summer Economic Statement, despite better than expected tax receipts in recent months.

Business • 08 Sep 21

In his letter, the Governor pointed to the debt here being among the highest in the developed world

Higher debt and deficits increase risks to the economy

The Governor of the Central Bank has warned that higher debt and deficit projections out to the middle of the decade increase the risks to the public finances and the economy.

Business • 01 Sep 21

A heatwave hits the economy

It's not just temperatures which have shot up this week. The Central Statistics Office (CSO) confirmed that the economy, or at least parts of it, is going through a definite heatwave of spectacular growth.

Business • 18 Jul 21

Finance Minister Paschal Donohoe (C) said that a disorderly Brexit is a real possibility at this point in time

Govt could need €5bn to cushion impact of hard Brexit

The Government could have to borrow up to €5 billion to cushion the blow of a no-deal Brexit.

Business • 25 Jun 19

Finance Minister Paschal Donohoe says the country can't build permanent expenditure commitments on revenues that may not be sustainable

Donohoe does not want to add fuel to economic fire

The Government is planning a budgetary package of €3.4 billion for 2019, of which €2.6 billion has already been allocated.

Business • 20 Jun 18

The council warns that Brexit could affect projected fiscal space

Fiscal Council warns on further spending rises

The Fiscal Advisory Council has said the Government's spending plans for the next budget are at the outer limit of what is prudent.

News • 08 Sep 16

Pearse Doherty says the end of the USC will reduce tax receipts by €5.4bn

SF criticises removal of USC for middle earners

The Government's plans to phase out the Universal Social Charge over the next five years has been described as "reckless" by Sinn Féin's finance spokesperson Pearse Doherty.

News • 22 Jun 16

Michael Noonan said the country's budgetary position is set on a 'safe and sustainable path'

Government to phase out USC over five budgets

The Government has estimated it will have a net fiscal space of €11.3bn available from this year up to 2021.

Business • 21 Jun 16

Summer Economic Statement