Ireland's entrepreneurial landscape demonstrates robust growth as close to 15,000 new business entities have been established throughout 2024, signaling continued confidence in the nation's economic environment despite global uncertainties.
Category: Economy
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Taoiseach Defends Borrowing Strategy for Ireland’s National Reserve Fund Despite Central Bank Concerns
Simon Harris has defended the potential use of borrowed capital to bolster Ireland's financial reserves, positioning himself at odds with previous guidance from the Central Bank of Ireland governor who questioned the economic rationale of such an approach.
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Ireland’s National Debt Servicing Costs Set to Double by Decade’s End
The National Treasury Management Agency projects Ireland's annual debt servicing expenditure will reach approximately €10 billion by 2030, marking a substantial escalation in fiscal obligations for the Irish Exchequer.
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Irish Tax Revenues Surge to €50 Billion in Six Months, Strengthening Government Budget Position
Ireland's combined income and corporation tax receipts reached €50 billion during the initial six months of the year, providing significant fiscal capacity for budgetary measures as the government prepares spending plans.
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Irish Services Sector Records Strongest Five-Month Expansion in June Amid Easing Geopolitical Tensions
Ireland's services industry achieved its most robust monthly expansion since January, driven by diminishing geopolitical uncertainties and moderating inflation pressures that stimulated commercial activity across the sector.
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Tánaiste Harris Dismisses Connection Between Fuel Duty Postponement and Protest Concerns
Simon Harris has rejected suggestions that government concerns over potential fuel demonstrations influenced the decision to postpone the restoration of excise duty rates in Ireland.
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Foreign Multinationals Generate Nearly 20% of Ireland’s Core Tax Revenue Beyond Corporation Tax
Ireland's fiscal dependence on multinational corporations extends far beyond corporation tax, with foreign-owned enterprises contributing almost one-fifth of all income tax, USC, PRSI and VAT collections, according to new research findings.
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Government to Announce Fuel Excise Reduction Reversal Within Weeks
Taoiseach confirms Coalition government will decide on phased withdrawal of fuel excise reductions in coming weeks, marking potential end to cost-of-living support measures introduced during energy crisis.
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Irish Couples Prioritise Property Investment Over Traditional Weddings as Housing Crisis Bites
As wedding costs in Ireland exceed €35,000, a growing number of couples are redirecting these funds toward residential property deposits, reflecting broader economic pressures in the Irish housing market.
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Government Housing Expenditure Plateaus Despite 7% Surge in Total State Spending
Irish government housing investment has stagnated while overall public expenditure climbs 7 percent, raising questions about resource allocation amid the nation's ongoing accommodation crisis.