2025 Irish budget explained
The 2025 Irish budget was the Irish Government Budget for the 2025 fiscal year, which was presented to Dáil Éireann on 1 October 2024 by Minister for Finance Jack Chambers, and the Minister for Public Expenditure, National Development Plan Delivery and Reform Paschal Donohoe.[1]
Summary
[2] [3] [4] [5] [6]
Cost of living
- Energy credit of €250 for all households to be paid in two equal payments.
- Proposal for the 9% reduced VAT rate for gas and electricity to be extended for another six months to April 2025.
- Further €300 lump sum payment to fuel allowance recipients in November.
Other
- Double payments for some social welfare recipients – €12 increase for those receiving the weekly social protection payment.
- Excise duty on a pack of 20 cigarettes to increase by €1.
- Domestic tax on vapes and e-cigarettes to apply to all e-liquids at rate of 50 cent per ml of e-liquid.
- New 'baby boost' one-off payment of €420 for each newborn child from 1 January.
- Free public transport to be extended to children aged five to eight.
- Free schoolbooks initiative extended up to Leaving Certificate students.
- National minimum wage to increase by 80 cent to €13.50 per hour.
- €7.50 increase on rate of carbon tax on petrol and diesel.
- 495 new beds to health services across hospital and community services.
- Further recruitment of 1,000 Gardaí and up to 150 Garda civilian staff.
Notes and References
- News: Early Budget does not mean end of year election - Harris. The Irish Times. 4 July 2024. 4 July 2024.
- News: At a glance: Here are the key points from Budget 2025. RTÉ News. 1 October 2024. 1 October 2024.
- News: Budget 2025: social welfare hikes, ‘mansion tax’ and cheaper car insurance, here’s everything you need to know. Irish Independent. Philip. Ryan. Ryan. Nugent. 1 October 2024. 1 October 2024.
- News: Budget 2025 main points: Energy credits, bonus welfare payments, higher minimum wage and tax changes. The Irish Times. Jack. Horgan-Jones. Glen. Murphy. 1 October 2024. 1 October 2024.
- News: Something for everyone in the audience? The key points from Budget 2025. TheJournal.ie. Rónán. Duffy. 1 October 2024. 1 October 2024.
- News: Budget 2025 at a glance: welfare, childcare, minimum wage and vape price hikes. Irish Examiner. 1 October 2024. 1 October 2024.
