Budget to be brought forward as Finance Minister denies early election claims

Budget 2025 will be delivered on October 1st, one week earlier than planned; however, finance Minister Jack Chambers is insisting the change is not a sign of an early election.“Corporation tax of €12 billion, up 15% and VAT at €11 billion, up 6%.

“I expect this year we’ll have €10 billion put aside to provide for that medium term risk which is within our economy,” he said. “We know the volatility and unpredictability of corporation tax and that’s why the budget for 2025 will require Ministers to prioritise. Minister Chambers pledged his approach to the public finances will be “responsible” and said he also hoped to make “further progress of housing”.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance Minister confirms early Budget 2025 date amid election speculationIt had been expected that Budget 2025 would take place on Tuesday, October 8 but Minister Jack Chambers, who took over the finance portfolio from Michael McGrath last week, confirmed the budget will be held earlier.
Source: IrishMirror - 🏆 4. / 98 Read more »

Budget 2025: Minister for Finance to reveal spending plan on October 1stJack Chambers says date moving forward not a signal of early election being planned and that Coalition will ‘run its full term’
Source: IrishTimes - 🏆 3. / 98 Read more »

Increase capital gains tax relief for company owners in Budget 2025, says DeloitteBig Four accounting firm also wants standard VAT rate cut to 21% and higher rate income tax threshold raised to €50,000
Source: IrishTimes - 🏆 3. / 98 Read more »