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ARTICLE · 03 OCTOBER 2024

Budget 2025

William Fry LLP
William Fry LLP
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William Fry LLP

William Fry LLP

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This was the first budget delivered by Minister Chambers, and the media had billed it as a pre-election "giveaway" budget based on a record surplus.

IrelandTax
Sonya Manzor
Sonya Manzor
Ted McGrath
Ted McGrath
Colin Bolger
Colin Bolger
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Budget 2025 was announced on 1 October 2024.

This was the first budget delivered by Minister Chambers, and the media had billed it as a pre-election “giveaway” budget based on a record surplus. The Minister announced a range of tax cuts and expenditure measures worth €10.5bn.

Several measures were announced to ease the high cost of living for individuals, together with a number of pointed business measures.

It was announced that a strategic framework will be put in place in relation to the allocation of windfall receipts in light of the judgment of the Court of Justice of the European Union in the “Apple” case. The Minister emphasised the transformational nature of this revenue and the importance of ensuring that it is carefully deployed in supporting Ireland's future economic development, particularly regarding the known challenges in the housing, energy, water and transport sectors. Improvements in these sectors will be key in maintaining Ireland's

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