Citing a study by the Central Bank of Ireland, IFAC estimates that excessive government spending exceeds this amount. Three The latest Budgets By increasing the prices and causing increasing financial difficulties of the citizens Adding €1,000 to the average household bill. The council wants the government to use the budget to honor the 2021 announcement Tax Discipline Act Annual increase in cost is limited to 5%.

The government has never honored this commitment and is preparing to introduce its biggest ever plan of tax cuts and spending increases on October 1.

Save for a rainy day

In July, Finance Minister Jack Chambers A common commitment was made The 2025 budget amounts to 105.4 billion euros, an increase of 6.9% compared to this year. He has promised families extra support to cover living expenses, which, along with other last-minute measures, will increase that amount.

Speaking on condition of anonymity because they are not authorized to reveal budget details before October 1, Chambers and Public Expenditure Minister Paschal Donohoe will outline on that day how Ireland intends to use Apple's extra billions, government sources said.

According to the same source, Apple's funds by mid-2025 will be included in next year's planned revenue stream, but will not be used to increase the budget further.

They add that most, if not all, of the €14.1 billion received from Apple will end up in both. Sovereign wealth funds In a newly created Irish fund – the Future Ireland Fund and the Infrastructure, Climate and Nature Fund – or another Treasury-managed initiative,Ireland Strategic Investment Fund. All these funds will be used to finance investment projects, especially in the event of a future global economic downturn, which will reduce the profits of multinational companies and risk construction workers, now fully employed, looking for work.