"A Vat reduction for the hospitality sector, a rise in the minimum wage and the end of the "one-off" cost-of-living packages are among the measures being considered for Budget 2026. The last "bumper Budget" will not be replicated on October 7 amid a period of global economic uncertainty, with the Central Bank and the Irish Fiscal Advisory Council warning against excessive spending."
"The last "bumper Budget" will not be replicated on October 7 amid a period of global economic uncertainty, with the Central Bank and the Irish Fiscal Advisory Council warning against excessive spending."
Proposed measures for Budget 2026 include a VAT reduction for the hospitality sector, an increase in the minimum wage, and the end of one-off cost-of-living packages. Policymakers plan a more restrained fiscal approach compared with the previous large-scale budget. Global economic uncertainty is cited as a primary reason for reduced fiscal ambition. The Central Bank and the Irish Fiscal Advisory Council warn against excessive spending and encourage caution. The October 7 budget is expected to prioritize sustainability and prudence over replicating prior expansive measures.
Read at Irish Independent
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