Irish Government to Announce Budget 2026 on October 7

The Irish government is expected to present Budget 2026 on Tuesday, October 7, according to government sources.
This year’s budget will be delivered amid a challenging global economic climate, particularly with the new 15% tariffs on Irish goods exported to the U.S. and potential threats of further tariffs on pharmaceuticals.
The Budget follows the recent Summer Economic Statement, where Minister for Finance Paschal Donohoe and Minister for Public Expenditure and Reform Jack Chambers outlined a €9.4 billion package. This package, announced before the tariff news, includes €1.5 billion in tax cuts and a €7.9 billion increase in spending, representing a 7.3% rise from 2025.
Minister Chambers has confirmed there will be no one-off cost-of-living payments in Budget 2026. He stated that the government’s priority is to make “sustainable” decisions in the face of global uncertainty. Business group Ibec has echoed this sentiment, urging the government to adopt a “sensible and prudent” and “strategic approach” to the budget, with targeted investments to enhance productivity and competitiveness.