Ireland forecasts a record budget surplus of €8.6bn ($9.2bn) this year, driven by corporation tax receipts.

Ireland forecasts a record budget surplus of €8.6bn ($9.2bn) this year, driven by anticipated record corporation tax receipts, which is a boost for the country planning its sovereign wealth fund. The Department of Finance estimates a surplus of €9.7bn next year, with a slight decrease to €8.6bn in 2023. The treasury faces the challenge of deciding how to invest the excesses amid calls from the political opposition to spend on infrastructure issues.

April 23, 2024
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