At a glance: Here are the key points from Budget 2026
The Government has described Budget 2026 as “sensible” and one which will “protect jobs and protect growth” in Ireland given an uncertain global economy. But some Opposition members have described it as “very disappointing”, with “ordinary people left in the cold” given a lack of a distinct cost-of-living package and no changes to personal income […]
Funding for TB eradication programme doubled in Budget
A total of €2.3bn has been allocated to the Department of Agriculture, Food and the Marine for 2026. Aside from the €85m in additional funding for bovine TB eradication, there will be a €20m increase in spending on the ACRES scheme, with funding to reach €280m in 2026. The scheme supports over 53,000 farmers in […]
Pensions, social welfare payments to rise by €10 weekly
The Government has announced a weekly increase of €10 per person in a range of social protection payments from 2026, including: the State pension, disability allowance, carer’s allowance, jobseeker’s allowance and one-parent family payment. A Christmas bonus of a double payment for recipients of long-term social welfare schemes will be paid again this year. The […]
Budget 2026 & the arts: ‘successor scheme’ announced to Basic Income pilot
Minister Jack Chambers today has confirmed that he is allocating €1.5 billion to the Department of Culture, communications and sport. This will “build on the progress we have made,” he said. The minister announced that in terms of the Arts, the government is committing to deliver a “successor scheme” to the basic income scheme for […]
Capitation rates paid to schools to be increased
Minister for Public Expenditure Jack Chambers has announced an increase in the standard capitation rates paid to all schools. This will include, on a per pupil basis, €50 for primary and special schools (from €224 to €274), and €20 for post-primary schools (from €386 to €406). In addition, Mr Chambers said the Department’s €1.6bn capital […]
Govt to cut VAT rate on apartment sales from 13.5% to 9%
The Government will reduce the VAT rate on the sale of completed apartments to 9% from 13.5%, from tonight until the end of December 2030. Announcing Budget 2026, Minister for Finance Paschal Donohoe said this reduction will help address the “viability gap” in apartment construction. He said it is part of a social policy to […]
Minimum wage set to increase to €14.15 an hour in 2026
The Minister for Finance has announced that as of 1 January 2026, the national minimum wage will increase by €0.65 per hour to €14.15 per hour. Linked to that, the ceiling for the USC 2% rate band will be increased by €1,318 to €28,700. “This increase will ensure that full-time workers on the minimum wage […]
Budget 2026: LOI academies to receive €3m in funding
League of Ireland academies are set to receive €3m in funding from the Government. The details of Budget 2026 will be revealed later, but RTÉ Sport understands that the funding will fall short of the €4.45m requested by the FAI in their pre-budget submission. The administration of the multiannual funding is expected to come through […]
VAT for catering, hairdressing to be cut from 13.5% to 9%
The Government is reducing the VAT rate for food and catering businesses, and for hairdressing services from 13.5% down to 9%. The measure will come into effect from 1 July next year, and will cost €232m for 2026 and €681m in a full year. This VAT reduction is in line with a commitiment in the […]
Budget 2026 will ‘invest in our future’ and secure jobs, says Donohoe
Minister for Finance Paschal Donohoe has said Budget 2026 will “invest in our future” while also securing current jobs, prosperity and stability. As he began his Budget Day speech in the Dail chamber, he said the first budget of this coalition Government’s term would deliver for citizens and “tackle the serious challenges of meeting our […]
Govt commits over €5bn investment for housing delivery next year
The Government has committed over €5bn in capital investment for housing delivery next year. This is in addition to investment by the Land Development Agency and Approved Housing Bodies. In his budget speech, Minister for Finance Paschal Donohoe announced €200m of additional external funding for Home Building Finance Ireland, which provides finance to homebuilders across […]
Carbon tax is to be increased to €71 per tonne of CO2
Carbon tax is to be increased to €71 per tonne of CO2 emitted and will be applied to auto fuels with effect from tomorrow, and to all other fuels from 1 May 2026. The Government said the additional revenue arising from the carbon tax increase is estimated at €121m in 2026, and the full-year additional […]
50c increase on pack of cigarettes, alcohol duty unchanged
The duty on a pack of 20 cigarettes will be increased by 50c as part of Budget 2026. Excise duty on other tobacco products will be raised on a pro-rata basis, Minister for Finance Pascal Donohoe told the Dáil. Smokers’ group Forest noted that the latest tax hike will push the cost of a pack […]
Budget 2026: €10 rise in State pension and welfare rates expected
A €10 increase in the State pension and Social Protection rates is expected in today’s Budget. The Budget will also see mortgage interest relief, which has benefitted more than 60,000 householders, extended for another year before being gradually phased out in 2027. The income disregard for the Carer’s Allowance, a big issue for the Independents […]
Govt to unveil ‘pro-investment’ Budget, minimum wage rise
The Government is going to unveil a “pro-investment” Budget this afternoon with limited benefits for middle income workers. There will be a €10 increase in the State Pension and social welfare rates. There will be 860 additional special education teachers and 1,700 new special needs assistants. The Basic Income for artists of €325 per week […]
Bitcoin hits record high above $125,000
Bitcoin reached a new record high yesterday, rising above the $125,000 mark. The cryptocurrency reached $125,689, shooting above its previous August record of around $124,500. Bitcoin has enjoyed a strong upward momentum with investors cautious about the US government shutdown. Gains in US shares have also supported bitcoin’s rise, while investors have looked to safe […]
What does the tech sector want from Budget 2026?
The tech sector has been through a turbulent time is recent years with many companies alternating between hiring sprees and mass layoffs. The industry remains a massive employer in this country with the latest Central Statistics Office data showing that the information and communication sector accounts for almost 180,000 jobs. That figure did fall by […]
Local Property Tax likely to increase next year for most homeowners
Local Property Tax (LPT) is likely to increase next year for the majority of homeowners. Revenue have begun the process of writing to the 1.5 million homeowners in the country, asking them to re-evaluate their property’s value. This re-evaluation will be used to determine the amount of Local Property Tax homeowners will pay for the […]