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announced in this budget, but for middle-income earners who use public transport to get to work, half of any gains they have made in terms of tax cuts will be swallowed up once those fare hikes come in in January. We are discouraging people from using public … changed since 2020, meaning this amounts to a 22% decrease in real terms. In 2020, active travel actually amounted to 20% of the capital transport budget. Today, it is down to just 8.6%. If we were to take 20% of the 2027 capital transport budget, that would have

anyone of that. It provides clarity, it prevents in-year drift, and medium-term plans can help mitigate the vulnerability of Ireland's tax revenue base. Likewise, medium-term planning can also assist in preparing the public finances for fiscal challenges facing the Irish economy, such … stance that can help boost private sector spending on capital investment. This plan will set out the Government's economic and budgetary strategy for the remainder of this decade, with a clear objective to support further sustainable gains in living standards for all in the years ahead

continue to be realised through share sales. The banks' share prices recognise a certain value for the tax losses and, as such, the State receives value for the balance of tax losses if share sales are completed. As we all know, the State retains approximately a 57.5% shareholding … have restrictions on loss relief, direct comparisons are of limited value. This is due to the tax system in Ireland being a scheduler system of taxation in which income and gains are divided into different categories based on resource. Under this system, losses carried forward can only

gain in the value of the investment from the date of acquisition or the last deemed disposal. The tax paid under the deemed disposal rule is effectively a prepayment of tax rather than an additional charge to tax, and is allowed as a credit against the tax … subsequent chargeable event, with any excess paid being refundable. Like any other aspect of the tax system, the deemed disposal rule is kept under review and may be subject to policy change. Just because a measure was introduced in response to relevant concerns at the time does

trying to make 700 workers redundant. Oracle is cutting 150 jobs. Fianna Fáil and Fine Gael have turned the economy into a corporate tax haven where income and wealth are distributed like an upside down pyramid but jobs go the other way around. A small number of mega … increases in inequality as a result of AI, including a 30% increase in capital income to the richest 10%. It is so extreme that even the ESRI is now recommending expanding taxes on wealth and capital. In other words, a wealth tax and an increase in corporation tax

land acquisition for the first two sites, planned for the west and east of the country, is coming from my Department's capital allocation under the revised national development plan. A third site is planned for the south in future years. Each next generation site development will … process. The sectors targeted by next generation sites will provide quality, skilled employment that pays high salaries, thereby contributing to our corporation tax, PAYE and PRSI receipts. Additionally, further returns on investment will come from site rental or sale. At a local level, Irish-owned enterprises will benefit

division is signalled by the Social Democrats' Private Members' motion today. We are calling on the Government to move away from introducing more tax breaks for developers and vulture funds, and towards accessing currently underutilised funding sources at the EU level, such as InvestEU and the European Regional … funding in France is the social housing sector. Households make a return on their savings and the social housing sector gains access to reliable capital at a reasonable rate. We also need to provide increased and early stage finance to approved housing bodies and local authorities. Doing

cheaper housing. It is also what we describe in economics as an opportunity cost because it affects us twice. We reduce the tax revenue, as the Government is doing, which is a waste of public funding, but it is the opportunity cost of the loss of other potentials … Capital. I was not familiar with it but it is a Swiss hedge fund. The second biggest owner of shares in Glenveagh is Fidelity Investments, a US-based fund. The third biggest owner of shares in Glenveagh is the UK-based Helikon Investments. These funds are gaining from

this Government. Our officials have done an assessment and we published it yesterday. Those on lower incomes gain the most from the full suite of measures from tax to the minimum wage, welfare and pension increases and we should acknowledge that. We should have an honest debate. Much … time ahead. I am also pleased with what we are doing for education in increasing the number of teachers and SNAs, providing additional capitation funding for our schools and capital funding for our schools building programme, as well as having a real focus - rightly - on special education facilities

gained the most from measures introduced in budget 2026. The analysis also shows that people with the lowest incomes fare the best, with gains in the bottom two cohorts of 4.9% and 3.8% respectively. The targeted nature of the package is also evident in supports provided to households … political debate. The budget measures were calibrated to protect jobs, maintain our competitiveness and keep our public finances safe while allowing for increased capital investment. The budget moved away from the one-off packages of previous budgets, as we said we would do, in favour of more targeted

that the benefits of lower wholesale prices are felt by both households and businesses. As Minister, I have engaged with individual suppliers to gain a detailed understanding of measures they will introduce to support households this winter. This included a round of meetings with the largest energy suppliers … audits, introduced in 2021, as well as the new SME scheme, the business energy upgrades scheme, introduced November 2024. The accelerated capital allowances scheme is a tax incentive that encourages businesses to purchase equipment that are highly energy efficient and thus make significant savings on energy costs

benefit from the VAT reduction, from 13.5% to 9%, for hospitality sector. Next year, this will cost the Irish taxpayer €670 million. Who gains from this? It is McDonald's, Starbucks, Burger King and all of those huge multinational companies that are highly profitable as matters stand … some of the other initiatives it has introduced today. The cost of the cut in corporation tax for cost rental is estimated at €20 million. The cost of the corporation tax cut on some construction goods and the conversion of non-residential buildings has been

collaborating and benefiting from all that this bestows upon us. CERN membership means opportunities for Irish firms to win contracts, for students to gain experience at the frontier of physics and for our regions to benefit from skills and the know-how that flow back. Of course, CERN … that have the power to change the landscape of research and science, over half of my Department's €4.5 billion national development plan capital budget will now be earmarked for research and innovation initiatives. This allocation recognises my Department for what it is, namely, an economic Ministry with

Despite providing for expenditure of €126 billion, €20 billion of which is capital, the Government's budget fails to address the key issues affecting workers and householders. Nowhere is the failure in Government policy more clear than in the area of housing, as evidenced by the €2.2 billion … that gap has increased slightly again, to €1,209 per week. It continues to widen. On the tax changes, a couple on €150,000 per annum gains €22.32 per week. A couple with two children on €30,000 is in reverse. They are down €1.01. The figures

done fairly. I still have not seen many details on the amount of retrofitting and the social welfare gains that are going to come from this carbon tax. I do not think its ring-fenced enough. I do not think the retrofitting investment overall is enough because … domestic rate, I know it is much cheaper and obviously environmentally better than using petrol or diesel. I welcome the microgeneration electricity income tax relief up to 31 December 2028. I think it could have continued for longer. I make a small comment on the tobacco excise duty

homeowners to undertake home energy upgrades, for warmer, healthier and more comfortable homes, with lower energy bills, and this year, a record annual capital budget of more than €550 million has been allocated for these schemes, including the Solar Photovoltaic Scheme, meaning more funding than ever is available … underlines the Government's commitment to supporting households with their energy costs; — the Government is committed to continuing with the planned carbon tax increases, aligning with recommendations from the Climate Change Advisory Council and scientific experts, and to continue to use the additional revenues to fund social welfare