Budget 2025 was announced today, Tuesday 1 October, by the Minister for Finance, Jack Chambers.
Ahead of a general election in 2025, Budget 2025 provided a crucial chance for the Government to aid businesses and individuals grappling with rising costs in recent times. With a Budget package of €10.5bn, workers and households emerged as the primary beneficiaries with a “something for everyone” approach.
While there was some support for private businesses, it lacked substantial tax measures to help them manage increasing costs, regulations, and complexities. More pro-growth initiatives are necessary to encourage entrepreneurship.
Budget 2025 also sought to boost Ireland’s competitive position on the global stage and address infrastructural limitations amid global uncertainty and competition for inward investment. Budget 2025 contained significant additional investments in housing, energy and transport which are very welcome announcements however there is much more to do that will require the ongoing commitment from the next Government.
Check out our in-depth Budget 2025 Summary to find out how Budget 2025 will affect you and your business.
There may be further changes in the Finance Bill next week, so ensure to keep an eye out for further updates from our team.
If there are any items you wish to discuss with our team, just give us a call on +353 42 933 9955 or email info@fdw.ie