Budget 2027 is set against heightened geopolitical uncertainty, but exceptional fiscal surpluses. The starting point is a nearly €6.7bn surplus (1.9% of GNI*) in 2026. The budget surplus is forecast to be €9.5bn in 2027 (2.5% of GNI*). However, excluding windfall corporation tax receipts, the Government will run a significant underlying deficit of €13.4bn in 2027 (-3.5% of GNI*).
