This figure excludes nearly €11 billion in back taxes from Apple, which Ireland received following an EU court ruling. In September, the Court of Justice of the European Union (CJEU) upheld a 2016 decision that found Ireland had granted Apple undue tax benefits.

The Government has announced plans to allocate the Apple funds toward investments in infrastructure, housing, and water systems.

Excluding this windfall, Ireland collected €97.1 billion in total taxes last year, reflecting a 10% increase and resulting in a €1.8 billion surplus. Income tax revenues reached €35.1 billion, up 6.6% from 2023.

Total gross voted expenditure for 2024 stood at €103.7 billion, an increase of €9 billion or 9.5% compared to the previous year.

Minister for Finance Jack Chambers described the figures as evidence of “solid growth” in income tax and VAT receipts, highlighting the resilience of the Irish economy. However, he cautioned about “clearly identifiable risks on the horizon,” stressing the need to enhance competitiveness and focus on fundamental areas such as energy, water, transport, and housing.

“This is why the Government is committed to using the proceeds from the CJEU ruling to expand infrastructure in these critical areas,” he stated.

Minister for Public Expenditure Paschal Donohoe emphasized the Government’s commitment to supporting both households and businesses while maintaining fiscal responsibility.

He noted that 2024 spending reflected measures introduced in Budget 2024, as well as additional supports rolled out during the year. Budget 2025 initiatives—including the Christmas bonus payment, cost-of-living lump sum payments, and electricity credits—have helped ease inflationary pressures on households.

Donohoe also highlighted significant progress in housing delivery, with new homes and increased investment in affordable housing schemes. Capital spending in housing, local government, and heritage rose by over 40% compared to 2023, alongside substantial investment in other sectors such as school infrastructure.