Overview
- The Government confirmed the Budget date for 6 October and published the Summer Economic Statement to define the money ministers can use when drafting Budget 2027.
- The statement signals about €1.5 billion for tax measures and roughly €7 billion of extra spending capacity made up of current and capital funding.
- Personal income tax relief is the main priority for ministers, with a simple uprating of tax bands for inflation estimated to cost about €1.2–€1.3 billion.
- A worked example shows a €2,000 rise in the higher-rate threshold would reduce tax bills for affected earners by roughly €400, and ministers are discussing that kind of change.
- Ministers must balance tax changes with a roughly €1.2 billion rise in capital spending targeted at homes, roads, public transport, water and energy while keeping surpluses because of Ireland’s exposure to global shocks and concentrated corporation tax receipts.