THE DEPARTMENT OF Finance has released its ‘White Paper’ ahead of the upcoming Budget, which confirms the Government will have a surplus of €25 billion for this year.
The ‘White Paper’ is published every year ahead of the budget and provides estimates of Ireland’s receipts and expenditure for the coming year.
The figures presented for 2024 are projections based on current information and are subject to revision when end-year figures become available.
The Department also notes that all figures are on a “technical pre-Budget basis and do not include any new policy measures to be announced as part of the 2025 Estimates and Budgetary processes”.
As well as a forecasted surplus of €25 billion for this current year, the Department is also forecasting a surplus of close to €12 billion for 2025.
However, this year’s figure includes all of the €14 billion windfall fund from Apple’s unpaid tax.
The European Court of Justice recently ruled that Apple must pay €13 billion …