As Ireland gears up for Budget 2025, the upcoming general election is poised to play a significant role. After two consecutive budget surpluses, taxpayers anticipate supports and tax cuts. Finance Minister Jack Chambers faces the challenge of balancing these demands with warnings that a giveaway Budget could overheat the economy. Budget 2025 will feature an €8.3 billion package, with €1.4 billion allocated to taxation measures. While these funds offer opportunities to enhance household finances, most will address wage inflation. Aside from tax adjustments to address wage inflation, Minister Chambers is expected to deliver targeted and sustainable cuts and spending.
Published date: 10 September 2024
