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2025 Irish budget

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2025 (2025) Irish budget
Presented1 October 2024
Parliament33rd Dáil
Government34th Government of Ireland
Party
Minister for FinanceJack Chambers (FF)
Minister for Public Expenditure, National Development Plan Delivery and ReformPaschal Donohoe (FG)
WebsiteBudget 2025
‹ 2024
2026›

The 2025 Irish budget was the Irish Government Budget for the 2025 fiscal year, which was presented to Dáil Éireann on 1 October 2024 by Minister for Finance Jack Chambers, and the Minister for Public Expenditure, National Development Plan Delivery and Reform Paschal Donohoe.[1]

Summary

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[2][3][4][5][6]

Cost of living

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  • Energy credit of €250 for all households to be paid in two equal payments.
  • Proposal for the 9% reduced VAT rate for gas and electricity to be extended for another six months to April 2025.
  • Further €300 lump sum payment to fuel allowance recipients in November.

Other

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  • Double payments for some social welfare recipients – €12 increase for those receiving the weekly social protection payment.
  • Excise duty on a pack of 20 cigarettes to increase by €1.
  • Domestic tax on vapes and e-cigarettes to apply to all e-liquids at rate of 50 cent per ml of e-liquid.
  • New 'baby boost' one-off payment of €420 for each newborn child from 1 January.
  • Free public transport to be extended to children aged five to eight.
  • Free schoolbooks initiative extended up to Leaving Certificate students.
  • National minimum wage to increase by 80 cent to €13.50 per hour.
  • €7.50 increase on rate of carbon tax on petrol and diesel.
  • 495 new beds to health services across hospital and community services.
  • Further recruitment of 1,000 Gardaí and up to 150 Garda civilian staff.

References

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  1. ^ "Early Budget does not mean end of year election - Harris". The Irish Times. 4 July 2024. Retrieved 4 July 2024.
  2. ^ "At a glance: Here are the key points from Budget 2025". RTÉ News. 1 October 2024. Retrieved 1 October 2024.
  3. ^ Ryan, Philip; Nugent, Ryan (1 October 2024). "Budget 2025: social welfare hikes, 'mansion tax' and cheaper car insurance, here's everything you need to know". Irish Independent. Retrieved 1 October 2024.
  4. ^ Horgan-Jones, Jack; Murphy, Glen (1 October 2024). "Budget 2025 main points: Energy credits, bonus welfare payments, higher minimum wage and tax changes". The Irish Times. Retrieved 1 October 2024.
  5. ^ Duffy, Rónán (1 October 2024). "Something for everyone in the audience? The key points from Budget 2025". TheJournal.ie. Retrieved 1 October 2024.
  6. ^ "Budget 2025 at a glance: welfare, childcare, minimum wage and vape price hikes". Irish Examiner. 1 October 2024. Retrieved 1 October 2024.