From:Department of Public Expenditure, Infrastructure, Public Service Reform and Digitalisation

Total tax receipts amounted to €50 billion in the first half of this year, a €2.3 billion (4.8 per cent) increase relative to the same period last year. Receipts are within 1 per cent of the Department’s forecast.

Income tax receipts in June of €2.9 billion were ahead of last year by €0.1 billion (2.2 per cent). Cumulative income tax receipts of €18.6 billion were €1.2 billion (6.7 per cent) higher than in the first half of last year, and in line with expectations.

June is a non-VAT due month. On a cumulative basis, VAT receipts of €12.5 billion in the first six months of the year were ahead of last year by €0.9 billion (7.5 per cent); this revenue stream is also slightly (by 2.3 per cent) ahead of profiled receipts.

June is a key month for corporation tax receipts, with €7.5 billion collected in the month, up by €0.1 billion (1.3 per cent) on the same month last year. On a cumulative basis, corporation tax receipts of €13.7 billion are up by €0.6 billion (4.7 per cent) on last year and in line with expectations.

Total gross voted expenditure amounted to €54.4 billion, €3.5 billion (6.9 per cent) ahead of 2025.

Overall, an Exchequer surplus of €0.7 billion was recorded to end-June, down by €0.5 billion on last year.

Tánaiste and Minister for Finance, Simon Harris T.D. said:

“Tax receipts in the first half of the year are positive and very much in line with our expectations.

“In terms of the individual tax headings, income tax receipts remain solid reflecting the ongoing strength of the labour market.

“June is always an important month for corporation tax receipts; the tax-take from this revenue stream is very much in line with my Department’s expectations.I would highlight once again, however, that these revenues are highly volatile.

“Earlier this week, the Government confirmed that the temporary excise reductions on fuel will remain in place over the coming months, directly lowering prices at the pump.At the same time, we have established a pathway to gradually restore excise duty rates to pre-reduction levels,balancing the need to respond to the challenges of the moment with an approach to overall budgetary policy that remains safe and affordable.

“Today’s figures confirm that we continue to get that balance right.”

The Minister for Public Expenditure, Infrastructure, Public Service Reform and Digitalisation, Jack Chambers T.D. said:

“The expenditure figures published today reflect the Government’s continued investment in the public services and infrastructure that people rely on every day. Expenditure in the first half of the year has supported the delivery of healthcare, education, housing, transport and other essential services across the country.

This investment is helping to meet the needs of a growing population, improve public service delivery and enhance the quality of life for individuals, families and communities. It is also supporting the delivery of critical infrastructure projects that will strengthen Ireland’s economic and social development in the years ahead.

As we move into the second half of the year, our focus will remain on ensuring that public funding is used effectively and delivers tangible outcomes for citizens, while continuing to manage the public finances in a sustainable and responsible manner.”

Analytical Exchequer Statement June 2026