Irish budget: Personal tax cuts and cost-of-living help expected

Published On Oct 1, 2024, 1:28 AM

Ireland's finance minister, Jack Chambers, is set to announce personal tax cuts and supports for the cost of living in an upcoming budget, likely before the elections. The government anticipates a significant budget surplus of €25 billion, partly from a tax windfall linked to Apple. While the minister promises not to use this surplus for immediate spending, there will be an emphasis on investments in infrastructure, housing, and energy. Critics warn that increasing public spending might overstretch the economy, although inflation rates have decreased recently.