September 2025
- Pre-Budget 2026 Statement (full statement)
- Data Pack
- Report briefing presentation
- Press Release
- Supporting items
- Letter to Minister for Finance regarding funds
Summary
Ireland’s economy continues to perform well. More people are in work than ever, and consumer spending continues to grow.
Large spending overruns are continuing this year. Last October, the Government budgeted for a €3 billion increase in spending. In practice, spending is likely to rise by €7.6 billion. These overruns need to be incorporated into Budget 2026 forecasts.
Given that the economy is performing well, this is not a time for a large budget package. Budgetary policy is already providing significant support. After excluding excess corporation tax receipts, the government is spending more than collects in underlying revenue.
The Government needs to commit to a clear guide or rule for budgetary policy. The Government is yet to set any limit on what is sustainable for the public finances.
The Government should publish a revised medium-term fiscal plan alongside the budget. This had previously been promised for during the summer. If this plan is based on realistic forecasts, then it can help shift Ireland away from year-to-year budgeting.