Ireland Unveils €8.3 Billion Budget for 2025

Ireland's Finance Minister Jack Chambers unveiled Budget 2025, emphasizing its focus on the common good and the opportunity for transformation amid a strong economy. The budget includes €8.3 billion in tax cuts and one-off welfare supports, with significant measures such as a €250 increase in the rent tax credit, an increase in the national minimum wage to €13.50, and a reduction in the Universal Social Charge from 4% to 3%. Chambers highlighted a budget surplus of €25 billion, partially attributed to a tax windfall from Apple, which will be earmarked for infrastructure improvements. The proposals come in the context of speculation about a potential general election before the year ends. Additional initiatives include free hormone replacement therapy and expanded access to IVF, along with funding for educational programs. The budget aims to address pressing issues in housing, energy, and public services while ensuring a positive outlook for future generations.