Ireland expects record €25 billion government surplus this year

The government expects a record surplus of €25 billion this year, more than double previous estimates. This includes €14 billion from Apple’s unpaid taxes, which will be reflected in the state’s accounts. Finance Minister Jack Chambers noted that the surplus will support one-off payments in the upcoming budget. A total of €105.4 billion is allocated for Budget 2025, with planned changes to taxes and increased spending on pensions and infrastructure. Chambers clarified that the Apple tax will not fund daily expenses but will be used strategically to boost the economy. The government will announce specific plans for this funding on Tuesday.