Government expected to hold Budget 2026 on 7 October
Budget 2026 comes against the backdrop of 15% tariffs on goods exported to the US, and threats by US President Donald Trump of even higher tariffs on pharmaceuticals.
Last month, Finance Minister Paschal Donohoe and Minister for Public Expenditure and Reform, Jack Chambers, laid out a package worth €9.4bn, but the Summer Economic Statement came before the announcement of the 15% tariff rate.
The Summer Economic Statement set out around €1.5bn of tax cuts with a spending package of €7.9bn - a 7.3% increase on 2025.
Mr Chambers also confirmed last month that there will be no one-off cost-of-living payments in Budget 2026.
Speaking to RTÉ's News at One at the time, he said the Government wanted to take decisions that would be "sustainable with global uncertainty".
While business group given the fragile global environment.
When launching its pre-budget submission, it urged the Government to take a "measured and strategic approach".
The group also called for targeted investment in areas that enhance productivity and competitiveness.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
RTÉ News
36 minutes ago
- RTÉ News
Watch: Long line of historic US-Russia summits
When US President Donald Trump meets his Russian counterpart Vladimir Putin in Alaska it will be the latest in a long line of historic summits between leaders of two major world powers. American and Soviet or Russian leaders have held such talks since the 1940's, reflecting the often complex political relationships between the nations.
Irish Independent
an hour ago
- Irish Independent
‘Now is the time to go on the offensive' – Swatch boss calls for Swiss levy on gold exports to the US
Switzerland's gold industry has expressed scepticism about a proposal by the boss of watchmaker Swatch to introduce a levy on gold exports to the United States in retaliation for US president Donald Trump's tariffs. The US has imposed tariffs of 39pc on imported Swiss goods, causing shock and dismay in the country, a major refining and transit hub for gold. The US Customs and Border Protection later said tariffs might be placed on the most widely-traded gold bullion bars, but Mr Trump said on Monday that gold would not face tariffs.
Irish Independent
an hour ago
- Irish Independent
Communications Minister announces €10m in funding for public interest journalism
The latest round of funding forms part of a Government scheme introduced in Budget 2025 that committed to supporting reporting on local authorities and local courts granted through Coimisiún na Meán. Speaking about the announcement, Mr O'Donovan, said: 'Building on the success of Round 1 of the Local Democracy and Courts Reporting Schemes, I am pleased to announce the allocation to Coimisiún na Meán of a further €6m for the continuation of these Schemes, which will enable media outlets to further strengthen their coverage of local authorities and the Courts. In addition to the €6 million announced, another €4 million is also to be invested in areas where some news stories are underreported, €3 million of which will be ring-fenced for commercial radio under the News Reporting Scheme. The €3 million ring-fenced funding will enable commercial radio services to provide additional high-quality news reporting on matters of public interest. 'I am pleased to announce a specific allocation of €3m to the commercial radio sector through the News Reporting Scheme,' Mr O'Donovan said. "The allocation recognises the important role of commercial radio services in providing high-quality, trustworthy and accurate news to the public. 'This allocation is in line with the Programme for Government commitment to provide accessible funding to support the provision of objective news and current affairs content and will complement the ongoing supports already provided to the commercial radio sector through the Sound and Vision Scheme. 'Commercial radio stations play an invaluable role in community engagement, cohesion and the promotion of social inclusion across the country and provide a crucial public service in the delivery of trusted information to our citizens. "The funding will enhance the provision of high-quality public service content to both local and national audiences.' This year, Mediahuis Ireland, which publishes the Irish Independent, Sunday Independent and 11 regional titles, has benefited from the scheme operated by the media regulator and has hired more than a dozen reporters around the country focused on local democracy and courts reporting.
