Chambers promises 'sensible' approach to budget as corporate tax receipts surge

Strong performances were recorded across income tax, VAT and corporation tax ahead of Budget 2025

Minister for Finance Jack Chambers and Chief Economist at the Department of Finance, John McCarthy. 

Finance Minister Jack Chambers has said the Government’s budgetary plans will continue to funnel excess tax receipts into the two new long-term savings funds as new Exchequer figures show a 15% increase in corporation tax compared to last year.

Figures published by the Department of Finance show that during the first six months of the year, the Government generated a gross revenue of €54.7bn which is up by €3.5bn compared to last year. Of this, tax receipts accounted for €44.7bn an increase of over 9% compared to last year.