Government surplus of €9 billion, figures show

The Government saw a surplus of €9 billion in Quarter four of 2025, according to figures analysed by the Central Statistics Office (CSO).

Total Government revenue was €45.9 billion in Quarter four, and the overall expenditure was €36.9 billion, leading to a €9 billion surplus.

The vast majority of the revenue came from taxes, when compared to the same quarter last year; taxes increased by €5.6 billion.

Although Government expenditure had increased in the same period, being €2.4 billion higher in 2025.

When it comes to overall government debt, it stood at €209.9 billion in Q4 2025, falling by €5.7 billion from 2024.

Andrew McManus, Statistician in the Government Accounts Compilation & Outputs Division, said: “Today’s results for Q4 2025 show that total government revenue stood at €45.9 billion, which was €6.3 billion higher than in Q4 2024. This was driven primarily by an increase in taxes of €5.6 billion and social contributions of €0.4 billion.

“Total government expenditure also rose to €36.9 billion in Q4 2025, which was €2.4 billion higher than in Q4 2024. This was across a range of items, with increases driven by pay, use of goods and services, capital investment and capital transfers.

“This resulted in a government surplus of €9 billion in Q4 2025”