However, gross voted expenditure, the biggest source of spending, surged 7.7 per cent to €87.1 billion. Total expenditure came to €100.3 billion for the first 10 months.
The overreliance of successive governments on unsustainably high corporation taxes from multinationals based in Ireland was underscored in a Department of Finance report published on Tuesday.
It said that a fall-off in such receipts could lead to a decline in exchequer revenue over the next four decades, relative to the size of the economy.
qwerty_1965 on
We’re living on funny money being spent by Flahoolach chimps
We’ve been here before. 👀
EnvironmentalShift25 on
The days of surpluses are over I guess. But the demands for vastly increased spending and borrowing billions more from Wall Street will continue.
davesr25 on
Ah the ould eggs and baskets right ?
TomRuse1997 on
Surely there is spending of the Apple money that was voted because we had it. Feels like it would be more prudent to strip both out? Unless I’m missing something
miju-irl on
If the economy enters a proper downturn, I genuinely fear how nasty things could get in respect of immigration and asylum seekers being used as a political scapegoat by FFG and others.
That goes double when hard decisions are going to have to be made to plug financial gaps and make cuts to different areas.
It will make them prime and easy targets, unfortunately.
Let’s hope a downturn isn’t coming anytime soon.
debout_ on
It’s not a ‘boost’, it’s legally applied taxation policy lmfao
HighDeltaVee on
Note that this deficit includes €6bn transferred to two of the sovereign wealth funds this year.
JMcDesign1 on
So, we’re totally screwed?
Any_Necessary_9588 on
There’ll be cash for Banty don’t worry – while your PRSI bill goes up again next year (on top of Oct ‘25 increase)…
RobotIcHead on
This is not a good sign for anyone, the political parties haven’t had to worry about economic growth, it was baked in to the system. The idea of cuts is going to become more appealing to a wide range of people. What gets cut and what people shout about will become interesting.
slevinonion on
And nothing to show for it!
PalladianPorches on
But… we have apples corporation tax, and should have claimed it anyway but have it as a saving. It’s like making a story about having a deficit if we didn’t collect NPT – we do… the bigger problem is the complete disconnect between increasing income tax returns and benefits for taxpayers.
jonnieggg on
Unemployment rising, deficit rising. Haven’t we seen this movie before.
Meanwhile 6 billion on NGOs annually and 3.6 billion projected for the Asylum System in 2026. Made of money we are. Sure we can just raise taxes like the UK, we’ll be grand.
Mundane-Wasabi9527 on
It’s time to start spending time on investments, we a sole service economy, we have all our eggs in one basket and it relies on the rest of the world being in a good way economically.
Ireland needs to grow it manufacturing sectors not just in high cost low volume items. These investment should pay back over time.
We have direct access to some of the strongest markets in the world with already strong relationships with not mention emerging markets that might not want to work with other larger nations due historical baggage.
I feel like in the last few years the government and decision makers have lost a huge amount of there skills and become middle class complacence, diving deep in to middle class crab bucket, not to strive for something more not to upset others.
TheOriginalMattMan on
„More than 2,000 scenarios for Ireland’s long-term economic and fiscal outlook up to 2065, ranging from highly positive to very challenging, are included in the so-called Future Forty report.“
I don’t think we’re in the happy time line though.
Affectionate-Idea451 on
Amazing contrast between the vibe in the comments and those on the housing crisis threads. Are they a completely different bunch of commenters?
Viking-Warrior-2025 on
Cut the funding to useless NGOs. Problem solved.
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[https://www.rte.ie/news/business/2025/1105/1542368-exchequer-returns/](https://www.rte.ie/news/business/2025/1105/1542368-exchequer-returns/)
However, gross voted expenditure, the biggest source of spending, surged 7.7 per cent to €87.1 billion. Total expenditure came to €100.3 billion for the first 10 months.
The overreliance of successive governments on unsustainably high corporation taxes from multinationals based in Ireland was underscored in a Department of Finance report published on Tuesday.
It said that a fall-off in such receipts could lead to a decline in exchequer revenue over the next four decades, relative to the size of the economy.
We’re living on funny money being spent by Flahoolach chimps
We’ve been here before. 👀
The days of surpluses are over I guess. But the demands for vastly increased spending and borrowing billions more from Wall Street will continue.
Ah the ould eggs and baskets right ?
Surely there is spending of the Apple money that was voted because we had it. Feels like it would be more prudent to strip both out? Unless I’m missing something
If the economy enters a proper downturn, I genuinely fear how nasty things could get in respect of immigration and asylum seekers being used as a political scapegoat by FFG and others.
That goes double when hard decisions are going to have to be made to plug financial gaps and make cuts to different areas.
It will make them prime and easy targets, unfortunately.
Let’s hope a downturn isn’t coming anytime soon.
It’s not a ‘boost’, it’s legally applied taxation policy lmfao
Note that this deficit includes €6bn transferred to two of the sovereign wealth funds this year.
So, we’re totally screwed?
There’ll be cash for Banty don’t worry – while your PRSI bill goes up again next year (on top of Oct ‘25 increase)…
This is not a good sign for anyone, the political parties haven’t had to worry about economic growth, it was baked in to the system. The idea of cuts is going to become more appealing to a wide range of people. What gets cut and what people shout about will become interesting.
And nothing to show for it!
But… we have apples corporation tax, and should have claimed it anyway but have it as a saving. It’s like making a story about having a deficit if we didn’t collect NPT – we do… the bigger problem is the complete disconnect between increasing income tax returns and benefits for taxpayers.
Unemployment rising, deficit rising. Haven’t we seen this movie before.
Meanwhile 6 billion on NGOs annually and 3.6 billion projected for the Asylum System in 2026. Made of money we are. Sure we can just raise taxes like the UK, we’ll be grand.
It’s time to start spending time on investments, we a sole service economy, we have all our eggs in one basket and it relies on the rest of the world being in a good way economically.
Ireland needs to grow it manufacturing sectors not just in high cost low volume items. These investment should pay back over time.
We have direct access to some of the strongest markets in the world with already strong relationships with not mention emerging markets that might not want to work with other larger nations due historical baggage.
I feel like in the last few years the government and decision makers have lost a huge amount of there skills and become middle class complacence, diving deep in to middle class crab bucket, not to strive for something more not to upset others.
„More than 2,000 scenarios for Ireland’s long-term economic and fiscal outlook up to 2065, ranging from highly positive to very challenging, are included in the so-called Future Forty report.“
I don’t think we’re in the happy time line though.
Amazing contrast between the vibe in the comments and those on the housing crisis threads. Are they a completely different bunch of commenters?
Cut the funding to useless NGOs. Problem solved.