Budget 2027 should mark the beginning of tax simplification, says KPMG
KPMG's Brian Brennan: 'Reducing exposure to imported energy would lower business costs and leave the economy better equipped to absorb future price shocks'
As Ireland prepares for Budget 2027, due to be announced on October 6th, the economic backdrop is more challenging than many expected 12 months ago. Conflict in the Middle East, the war in Ukraine and continued uncertainty in international trade are testing an economy that remains highly exposed to global developments.
Growth forecasts have softened, inflation has re-emerged and energy prices are again a significant concern. Annual inflation reached 3.3 per cent in June, while energy prices were 10 per cent higher than a year earlier. These pressures affect household finances, business investment decisions and the public finances alike.
