Budget 2025 to be brought forward to 1 October – Chambers

July 5, 2024

Budget 2025 is to be brought forward one week to Tuesday 1 October, Minister for Finance Jack Chambers has said.

Speaking on RTÉ’s Morning Ireland, Mr Chambers said it was the “natural date” to hold the Budget due to ministerial commitments in Europe the following week.

“We’ve to submit our fiscal and budgetary submission to the European Commission on 15 October, and the week prior to that both myself and Minister [for Public Expenditure Paschal] Donohoe will be attending Ecofin and the Eurogroup meeting, so 1 October is the natural date to have Budget 2025,” he said.

However, Mr Chambers dismissed speculation that holding the Budget earlier was clearing the path for an early general election.

The Government is “absolutely committed” to running its full term, the Dublin West TD said.

He added that they wanted to implement what will be set out in the Budget 2025, such as the finance bill and social welfare bill, which will “take a period of time in the aftermath of 1 October”.

Mr Chambers said a “responsible approach to macroeconomic policy” would be at the core of the Budget.

He also said that positive Exchequer returns announced yesterday show the strength of the Irish economy.

Mr Chambers was announced as the new Minister for Finance last week, after his Fianna Fáil colleague Michael McGrath was nominated to become Ireland’s next European Commissioner.

Article Source – Budget 2025 to be brought forward to 1 October – Chambers – RTE

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