Budget 2025 to be worth €8.3bn

Budget 2025 will be worth €8.3 billion, according to a key fiscal document published by the Government.

Cabinet signed off on the Summer Economic Statement on Tuesday which gives a broad sketch of what the next budgetary package will be worth.

It sets out a spending package of €6.9 billion and a tax package worth €1.4 billion for the next budget, which is due to be unveiled on October 1st.

A surplus budget of €6 billion is also projected for next year.

The statement publication aims to increase transparency by giving more opportunities to question the Government’s financial decision-making.

Amid rumours of an election before the end of the year – and after a strong performance by Fine Gael and Fianna Fáil, coupled with Sinn Féin’s lacklustre result in European and local elections – there has been a suggestion there will be a budget “giveaway” this autumn.

Asked about the prospect of a “giveaway” budget on his…

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