Record Government surplus of 25 billion expected this year [Video]

THERE WILL BE a record general Government surplus of approximately €25 billion recorded this year.

The massive figure is more than double what was projected and includes the €14 billion windfall fund from Apple’s unpaid tax – all of which will be recorded in the State’s accounts for this year.

This surplus will help Minister for Finance Jack Chambers and Minister for Public Expenditure Paschal Donohoe afford a number of one-off payments in what is expected to be a bumper budget, which they will announce on Tuesday.

A total of €105.4 billion in expenditure is already being made available in Budget 2025. 

It includes reported cuts and alterations to USC and income tax bands, increases to the State pension, investment in childcare, transport and infrastructure and expansions and adaptations to existing housing schemes.

But, speaking to reporters this evening, Chambers said he did not expect the planned cost-of-living package to be of the same scale as last year, given that inflation has …