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ARTICLE · 12 OCTOBER 2023

Budget 2024

William Fry LLP
William Fry LLP
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William Fry LLP

William Fry LLP

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This was Minister McGrath's first budget speech and the fourth (and perhaps last) of the coalition government between Fianna Fáil, Fine Gael and the Green Party.

IrelandTax
Sonya Manzor
Sonya Manzor
Brian Duffy
Brian Duffy
Ted McGrath
Ted McGrath
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Budget 2024 was announced on 10 October 2023.

This was Minister McGrath's first budget speech and the fourth (and perhaps last) of the coalition government between Fianna Fáil, Fine Gael and the Green Party. It has been billed by the media as a pre-election budget as the Minister announced a range of tax cuts and expenditure measures worth €14bn. This year's budget was framed against a backdrop of global uncertainty, high inflation and energy costs and a lower growth expectation for Ireland for 2024. Whilst the Minister noted that Ireland's corporation tax receipts are concentrated he has earmarked €4bn of the "windfall excess taxes" for investment in two new State investment funds – The Infrastructure, Climate and Nature Fund and The Future Ireland Fund.

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