Irish government to announce 8.5 billion euro Budget 2027

Minister for Finance Simon Harris and Minister for Public Expenditure Jack Chambers are scheduled to present Budget 2027 to the Dáil, RTE and The Journal reported. RTE reported that the government will unveil an overall package of 8.5 billion euros in additional spending. [1][3][4]

The Journal reported that the government plans to alter income tax and inheritance tax, raise the entry threshold for the higher rate of income tax, and increase the Help to Buy tax rebate. The Irish Times reported that middle income earners could benefit by up to 1,500 euros from tax cuts. The Irish Times and The Journal both reported that the Help to Buy scheme limit is set to increase to 35,000 euros. [1][2][6][7]

Social welfare increases, reductions in childcare costs, and cost of living measures are expected in the financial plan, according to reports by RTE and The Irish Times. The Journal also reported that a small boost to the State pension is planned. [1][2][3][4][6]

Minister for Finance Simon Harris is expected to deliver his speech detailing the spending measures in the Dáil at 1pm, according to The Journal. Opposition members will respond with alternative proposals following the announcement. [1]