Estimates of Receipts and Expenditure for 2025 published

Here is my summary of the document.

We are spending €10 billion more than we are taking in in tax when you strip out the windfalls. Or a deficit of about €6 billion if you strip out the transfer to the Future Ireland Fund.

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Stupid question time. What are these numbers? Predictions?

We heard last week that government will have an extra x money to spend. Is that based on 2024 Q2 income.

Do we spend 2024 income in 2025 or is it more a current flow of money in and out?

Obviously it’s not like my current account but I’m still not sure on what numbers the budget is set off.
 
faketales said:
Stupid question time. What are these numbers? Predictions?

We heard last week that government will have an extra x money to spend. Is that based on 2024 Q2 income.

Do we spend 2024 income in 2025 or is it more a current flow of money in and out?

Obviously it’s not like my current account but I’m still not sure on what numbers the budget is set off.
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The White Paper estimates for 2025 are estimates of State revenues and expenditure, before any changes made in the Budget.
 
That’s. It’s not always clear that the money being discussed is predicated.

What 12 months are used for the budget? Most stuff doesn’t kick in until January but some happens between now and the end of the year.
 
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