Finance Minister Jack Chambers and Public Expenditure Minister Paschal Donohoe are set to present Budget 2025 on October 1st, three weeks from now.

Mr. Chambers explained that it will take months to access the funds from the escrow account, as Ireland is still analyzing the court ruling and considering potential adjustments from other countries.

Chambers clarified, “This will not impact the parameters already established for Budget 2025. The summer economic statement, published in July, outlines the available budget package, and Minister Donohoe and I will deliver Budget 2025 on October 1st within those guidelines.”

The summer statement revealed an €8.3 billion budget package, consisting of €6.9 billion in spending and €1.4 billion in tax measures.

On Tuesday, Mr. Donohoe confirmed that €105.4 billion will be allocated for expenditure in 2025, and that figure would remain unchanged.

He added that plans for the upcoming budget are “well advanced,” but potential risks must be assessed before deciding how to use the Apple tax funds.

Donohoe also noted, “Even if those funds were available now, the Central Bank and the Irish Fiscal Advisory Council have warned that a larger budget could create future funding risks and pose challenges for taxpayers.”

He warned that Increasing the budget might lead to issues such as not having enough workers to execute capital projects or risking inflation at a time when efforts have been made to reduce it across Europe.

“That’s why I believe the current budget plan for next year remains the right approach and shouldn’t change due to this additional potential revenue,” Donohoe concluded.

“When creating a budget, you assume ongoing spending commitments. What we’re looking at here is a potential one-time receipt, and that shouldn’t alter our long-term spending plans.”