Tax revenues up by just over 4% to end-April; expenditure reflects implementation of budget priorities – Tánaiste Simon Harris & Minister Jack Chambers
- Foilsithe: 6 Bealtaine 2026
- An t-eolas is déanaí: 6 Bealtaine 2026
- Tax revenues to end-April amounted to €28.0 billion, up by 4.2 per cent on April 2025.
- Of this:
- Income tax receipts amounted to €12.4 billion, up by €0.7 billion (5.7 per cent);
- Corporation tax receipts of €3.5 billion, were ahead of last year by €0.3 billion (8.6 per cent).
- Cumulative VAT receipts of €8.3 billion were €0.4 billion (4.5 per cent) higher than April 2025.
- Total gross voted expenditure to end-April amounted to €36.0 billion, €2.9 billion (8.9 per cent) ahead of April 2025.
- An Exchequer deficit of €4.7 billion was recorded to end-April. This reflects the fact that the year to date has seen transfers to the Future Ireland Fund (FIF) and Infrastructure, Climate and Nature Fund (ICNF) totalling €3.3 billion.
- Transfers to FIF and ICNF mean that almost €20 billion has now been invested in our long-term savings funds to date.
On the revenue side, total tax receipts to end-April amounted to €28.0 billion, a €1.1 billion (4.2 per cent) increase on 2025.
Income tax receipts in April of €3.7 billion were ahead of last year by €0.2 billion (4.8 per cent). Cumulative income tax receipts of €12.4 billion stand €0.7 billion (5.7 per cent) ahead of 2025.
April is not a VAT-due month, with relatively modest receipts of €0.2 billion collected. On a cumulative basis, VAT receipts of €8.3 billion are €0.4 billion (4.5 per cent) ahead of last year.
April is a generally insignificant month for corporation tax receipts; receipts of €0.5 billion were €0.4 billion higher than in April. Cumulative corporation tax receipts of €3.5 billion are up by €0.3 billion on last year.
Total gross voted expenditure amounted to €36.0 billion, €2.9 billion (8.9 per cent) ahead of 2025.
Overall, an Exchequer deficit of €4.7 billion was recorded to end-April down by €4.2 billion on last year largely due to transfers to the FIF and ICNF.
Tánaiste and Minister for Finance, Simon Harris T.D. said:
“Today’s Exchequer returns are encouraging, highlighting Ireland’s economic resilience during a period of deep global uncertainty.
“Employment is at record levels, and the income tax returns reflect a strong labour market.
“Overall tax revenues for April amounted to €5.3 billion, up by almost 8% on the same period last year, reflecting strong income tax, VAT and corporation tax growth for the year to date.
“These strong revenues provide us with the firepower necessary to support people throughout the coming months.”
The Tánaiste added
“Solid budgetary management in recent years means Government had the capacity to respond in a timely and targeted way to help households and businesses deal with the most recent energy price shock.
“At the same time, Government continues to build up our fiscal resilience as we navigate a turbulent period in the global economy.
“We continue to transfer funds from the Exchequer into the Future Ireland Fund and Infrastructure, Climate and Nature Fund – just under €20 billion in tax receipts has been transferred to date.”
The Minister for Public Expenditure, Infrastructure, Public Service Reform and Digitalisation, Jack Chambers T.D. said:
The end-April Fiscal Monitor highlights the continued level of investment being made across public services and Government priorities, with total gross voted expenditure of €36 billion for the year to date.
This level of investment reflects the implementation of Budget 2026 policies including increases in social welfare rates, additional funding for health, education and disability services, and provision for the continued rollout of housing and transport.
In a period of heightened global economic uncertainty, there is also a need for a renewed focus on reform, efficiency and the effective management of public expenditure across departments to moderate current expenditure.
This is essential to ensure we continue to deliver high-quality public services, support households and communities, and deliver Programme for Government commitments.
ENDS