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

Total tax receipts amounted to €59.6 billion to end-July, a €3.4 billion (6.0 per cent) increase relative to the same period last year.

Income tax receipts in July of €3.3 billion were up by €0.4 billion (12.7 per cent). Cumulative income tax receipts of €21.9 billion were €1.5 billion (7.5 per cent) ahead of last year.

July is a VAT-due month, with receipts of €3.8 billion collected, up by €0.6 billion (17.5 per cent) on July 2025. On a cumulative basis, VAT receipts of €16.3 billion were ahead of last year by €1.4 billion (9.7 per cent).

€1.3 billion was collected in corporation tax in the month, up by €0.1 billion (5.1 per cent) on last year. This includes payments arising from the 15 per cent ‘top up’ tax for large companies. On a cumulative basis, corporation tax receipts of €15.0 billion are up by €0.7 billion (4.7 per cent) on last year.

Total gross voted expenditure amounted to €64.9 billion, €4.5 billion (7.4 per cent) ahead of 2025.

Overall, an Exchequer deficit of €0.6 billion was recorded in the first seven months of the year, down by €1.4 billion on last year.

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

“Today’s figures are further evidence of the resilience of our economy. In particular, I welcome the strong growth in income tax, which reflects a labour market that is running at full employment despite all the external challenges we are facing.

“In a deeply uncertain world, it is more important than ever that we maintain a sensible and sustainable approach to fiscal policy.

”Last month, Government published itsSummer Economic Statement, which set out the parameters for the forthcoming Budget.

“Budget 2027will strike a careful balance: we will deliver a package that will help workers keep more of their earnings, while continuing to invest in our public services and critical infrastructure. At the same time, we will reinforce our resilience by running surpluses and investing in our sovereign wealth fund, as well as saving in the Infrastructure, Climate and Nature Fund.

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

“Government is investing significant additional resources across our public services. The figures published in today’s fiscal monitor underline the increased investment in services and infrastructure to support a growing population and economy. A focus on reform, efficiency and value for money is essential to ensure this expenditure is carefully managed, delivers tangible outcomes and represents value for money for the people of Ireland.

“In line with the Summer Economic Statement, Budget 2027 will provide for further investment in public services and infrastructure within a sustainable overall expenditure framework. Our priority will be to translate that investment into real and lasting improvements for people and communities across the country.

Analytical Exchequer Statement July 2026

Unless stated, all figures in this press release exclude the impact of the Court of Justice of the European Union (CJEU) ruling of 2024 in order to facilitate like-for-like comparisons.

In 2025 €3.3 billion was received (€1.7 billion in corporation tax receipts and €1.6 billion in non-tax revenues) in the first half of the year.

Approximately €1.1 billion of corporation tax in July related to payments made under the 15 per cent top-up tax. A small amount (c. €100 million) was received last month. In addition, a large once-off corporation tax payment in July 2025 distorts the year-on-year comparison.

VAT growth remains strong across a variety of sectors, although the monthly comparison is partially affected by the timing of refunds in the July 2025 outturn.

The reduced rate of VAT for food businesses and hairdressers took effect from July 1st. The impact of this measure will be reflected from the next VAT-due month, September.