Government's underlying surplus falls by €2.5bn in the year to July
Finance minister Paschal Donohoe. Picture: Leah Farrell/ RollingNews.ie
The Government’s underlying surplus for the year so far has declined by €2.5bn compared to the same period in 2024 once the windfall proceeds from the EU’s Apple tax case ruling is excluded, the latest exchequer figures show.
In September last year, the Court of Justice of the European Union ruled the US tech giant owed Ireland €13bn in back taxes plus interest, bringing an end to the long-running dispute. The proceeds from this ruling have bolstered exchequer receipts but underlying surpluses have fallen.
