Irish Government Unveils €10.5 Billion Budget to Address Cost of Living and Infrastructure

Budget 2025 includes tax reliefs, welfare increases, and a €14 billion Apple tax windfall for future investments.

The budget introduces €8.3 billion in tax changes and new spending measures, alongside a €2.2 billion cost-of-living package.
Key measures include a 12-euro increase in welfare supports, a 250-euro increase in the rent tax credit, and a rise in the minimum wage to 13.50 euro.
A 'baby boost' payment of 420 euro for newborns and free public transport for children aged five to eight are among the new family supports.
The €14.1 billion from Apple back taxes will be allocated to long-term investments in housing, energy, water, and transport infrastructure.
The government aims to maintain economic stability and competitiveness, with measures designed to support wage growth and manage inflation risks.