Budget 2025 - Commentary
Budget 2025 is a stimulatory package that will provide strong support to the Irish economy in 2025. It includes a surplus of €25 billion projected for 2024 and key priorities such as relieving pressure on middle-income earners and addressing the increased cost of doing business for small businesses.
The core package in Budget 2025 is €8.3 billion, with an additional €2.2 billion for a cost-of-living package, making a total budget package of €10.5 billion. The Government has also outlined a longer-term strategy for investment expenditure, including funds for infrastructure spending.
Some key measures include a Cost-of-Living Package, increased social welfare expenditure, and changes to taxation. Notable changes in taxation include adjustments to USC rates and thresholds and increases to various tax credits. Additionally, there are updates to excise duties, carbon tax, and VAT reductions.
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The views expressed in this article reflect those of Jim Power and are for informational purposes only. They do not represent the views of Aviva. Jim Power’s views may change.
Budget 2025 Commentary with Jim Power
