Larger Package of Tax Measures in Budget than Expected
Budget 2027 adds €10 to core welfare payments and raises the top tax threshold, with families set for lower childcare costs and higher credits.
- On Tuesday, October 6, 2026, Finance Minister Simon Harris and Public Expenditure Minister Jack Chambers unveiled Budget 2027, an €8.65 billion fiscal package targeting the "squeezed middle" through €7 billion in public spending and €1.65 billion in tax reductions.
- Seeking to address the cost-of-living crisis after last year's unpopular budget, the government capped monthly childcare fees at €550 and Harris increased personal income tax credits by €125 to ease financial burdens on working families.
- The budget raises the higher 40% income tax threshold to €46,500 and extends fuel excise reductions until February 28, 2027, while introducing a €500 cost of disability payment for long-term recipients.
- Sinn Féin spokesperson Pearse Doherty criticized the measures, calling the package an "insult to workers" and stating the budget "fails completely," as critics noted most households receive less than €250 in relief.
- While the plan allocates €20.3 billion for capital investment in 2027, including funding for MetroLink, the Irish Fiscal Advisory Council warned that reliance on transient corporation tax receipts threatens long-term fiscal stability.
73 Articles
73 Articles
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