Last week, the Minister for Finance, Paschal Donohoe TD, and the Minister for Public Expenditure, Infrastructure, Public Service Reform and Digitalisation, Jack Chambers TD, met with the Oireachtas Committee on Budgetary Oversight to discuss Budget 2026.
In his opening statement, Minister Donohoe outlined the economic context and fiscal background to Budget 2026 which will be announced next week. The Minister confirmed a total budget package of €9.4 billion, made up of €1.5 billion in tax and €7.9 billion in expenditure measures. The risks associated with the overreliance by the economy on the FDI sector and corporation tax receipts were noted. The Minister outlined measures to address these risks, including continuing to run budgetary surpluses and building up the Future Ireland Fund and the Infrastructure, Climate and Nature Fund to €16 billion by the end of 2025.
In his opening statement, Minister Chambers outlined the ongoing work in terms of the Summer Economic Statement, the Medium Term Expenditure Framework and the National Development Plan.
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