Ireland’s tax revenues for the first two months of the year have risen 12% compared to the same period in 2024, signaling continued economic growth.
The State’s finances also received a significant boost from a €1.7 billion payment linked to Apple, following a European Court of Justice ruling that required the tech giant to repay €14 billion in back taxes to Ireland.
Minister for Public Expenditure Jack Chambers attributed the rise to increased funding for key sectors, including:
With tax revenues rising and government investment expanding, Ireland's economic outlook remains positive, though officials continue to monitor global uncertainties that could impact future growth.
The State’s finances also received a significant boost from a €1.7 billion payment linked to Apple, following a European Court of Justice ruling that required the tech giant to repay €14 billion in back taxes to Ireland.
Key Highlights from the Exchequer Returns:
- Total tax revenue (excluding Apple payment): €13.5 billion
- Income tax: €5.7 billion, up 6%
- VAT receipts: €4.6 billion, up 7%
- Corporation tax: €1.1 billion, up 89% (due in part to a one-off payment unrelated to Apple)
Government Spending and Investments
Public expenditure in January and February reached €16.7 billion, an 11% increase from last year but slightly below government forecasts.Minister for Public Expenditure Jack Chambers attributed the rise to increased funding for key sectors, including:
- Higher Social Protection payments
- Investment in health and education
- A 50% surge in capital spending compared to 2024
With tax revenues rising and government investment expanding, Ireland's economic outlook remains positive, though officials continue to monitor global uncertainties that could impact future growth.
