You are here: Home / Statistics / Government Finance Statistics Quarter 1 2025 / Non-Financial Accounts

Government Finance Statistics Quarter 1 2025

Non-Financial Accounts

Online ISSN: 2009-6178

CSO statistical release, 18 July 2025, 11am

Revenue

Total government revenue was €30.9 billion in Q1 2025, which was €2.0 billion higher than Q1 2024 (€28.9 billion). This rise was primarily due to taxes with an increase of €1.5 billion, the majority of which were as a result of the increase of €1.2 billion in direct taxes (corporation and income tax).

Elsewhere, social contributions increased by €0.5 billion and indirect taxes (including VAT) were €0.3 billion higher than Q1 2024.

Following the ruling of the Court of Justice of the European Union on 10 September 2024, there was a D.99 (capital transfer) receipt in Q3 2024 which recognised the amount in full of €14,164m. This recording is in accordance with the ESA 2010 guidance on court decisions where the time of recording is aligned with the time of the final ruling.

	Indirect taxes	Direct taxes	Capital taxes	Social contributions	Investment income	Sales of goods and services	Current transfers	Capital transfers
Q1 2023	8.897	11.538	0.057	5.305	0.253	1.157	0.285	0.177
Q2 2023	6.831	15.446	0.06	5.312	0.397	1.17	0.322	0.19
Q3 2023	9.533	11.846	0.109	5.204	0.495	1.156	0.352	0.192
Q4 2023	8.008	20.86	0.408	5.652	0.692	1.246	0.476	0.356
Q1 2024	9.862	11.358	0.065	5.637	0.388	1.136	0.302	0.185
Q2 2024	7.181	18.388	0.081	5.628	0.656	1.158	0.24	0.204
Q3 2024	10.374	13.986	0.11	5.568	0.623	1.118	0.378	14.375
Q4 2024	8.232	22.494	0.598	6.134	0.331	1.235	0.293	0.213
Q1 2025	10.189	12.56	0.08	6.089	0.386	1.169	0.274	0.178

Table 2.1 General government; detailed classification of revenue and output

Table 2.1 General government: detailed classification of revenue and output														€million
Description					ESA2010 code	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Total Revenue					TR	27,670	29,729	28,886	37,698	28,932	33,546	46,533	39,530	30,924
	Taxes and social contributions					25,798	27,650	26,691	34,927	26,921	31,278	30,038	37,458	28,918
		Taxes			D2 + D5 + D91	20,493	22,337	21,487	29,275	21,285	25,650	24,470	31,324	22,829
			Indirect taxes (taxes on production and imports)		D2	8,897	6,831	9,533	8,008	9,862	7,181	10,374	8,232	10,189
				Taxes on products	D21	7,805	5,614	8,606	7,113	8,584	5,948	9,351	7,232	9,074
				of which Value-Added Tax	D211	5,929	3,455	6,576	4,417	6,480	3,624	7,098	4,719	6,846
				Other taxes on production	D29	1,093	1,217	927	894	1,277	1,234	1,023	999	1,116
			Direct taxes		D5	11,538	15,446	11,846	20,860	11,358	18,388	13,986	22,494	12,560
				Taxes on income, profits and capital gains	D51	11,273	15,207	11,616	20,652	11,092	18,133	13,744	22,278	12,286
				Other current direct taxes	D59	265	239	230	208	266	255	242	216	273
			Capital taxes		D91	57	60	109	408	65	81	110	598	80
		Social contributions			D61	5,305	5,312	5,204	5,652	5,637	5,628	5,568	6,134	6,089
			Actual social contributions		D611 + D613	4,267	4,289	4,176	4,641	4,614	4,639	4,568	5,125	5,042
				PRSI receipts	D611 + D613(pt)	3,803	3,812	3,706	4,155	4,112	4,110	4,049	4,607	4,502
				Government employees' pension contributions	D613(pt)	465	477	470	485	502	530	519	519	540
			Employers' imputed social contributions		D612	1,038	1,023	1,028	1,011	1,023	989	1,000	1,009	1,046
	Sales of goods and services				P1O	1,157	1,170	1,156	1,246	1,136	1,158	1,118	1,235	1,169
		Sales of market establishments (= market output)			P11	0	0	0	0	0	0	0	0	0
		Imputed sales related to production of own-use capital assets (= output for own final use)			P12	6	6	6	6	6	6	6	6	6
		Incidental sales and fees of non-market establishments			P131	1,151	1,164	1,150	1,240	1,130	1,153	1,112	1,229	1,163
	Investment income				D4	253	397	495	692	388	656	623	331	386
		Interest (excluding FISIM)			D41	233	254	316	338	353	301	338	285	307
		Dividends / Other investment income			D42 + D44	3	126	162	336	18	337	268	28	61
		Rent of land and subsoil assets			D45	18	18	18	18	18	18	18	18	18
	Current transfer revenue				D39 + D7	285	322	352	476	302	250	378	293	274
		Subsidies			D39	0	0	0	0	0	0	0	0	0
		Other current transfers			D7	285	322	352	476	302	250	378	293	274
			Non-life insurance claims		D72	7	7	7	7	7	7	7	7	7
			Other Domestic - Current		D7N_S1	265	255	262	265	269	242	245	268	266
			From Rest of World - Current		D7N_S2	13	60	83	204	26	0	126	18	1
	Capital transfer revenue				D9N	177	190	192	356	185	204	14,375	213	178

Output					P1	13,835	14,299	14,285	15,526	14,790	15,541	15,341	16,274	15,752
	Market output (sales of market establishments)				P11	0	0	0	0	0	0	0	0	0
	Output for own final use				P12	6	6	6	6	6	6	6	6	6
	Non-market output				P13	13,829	14,294	14,280	15,520	14,784	15,535	15,335	16,268	15,746
		= Non-market compensation of employees			D1_nonmarket	7,682	7,806	7,848	8,052	8,264	8,572	8,559	8,582	8,946
			= Total compensation of employees		D1	7,688	7,811	7,854	8,057	8,270	8,577	8,564	8,587	8,951
			- Compensation of employees of market establishments		D1_market	0	0	0	0	0	0	0	0	0
			- Compensation related to production of own-use capital assets		D1_own-use	-6	-6	-6	-6	-6	-6	-6	-6	-6
		+ Non-market intermediate consumption			P2_nonmarket	4,335	4,676	4,620	5,657	4,580	5,023	4,837	5,746	4,861
			= Total intermediate consumption		P2	4,335	4,676	4,620	5,657	4,580	5,023	4,837	5,746	4,861
			- Intermediate consumption of market establishments		P2_market	0	0	0	0	0	0	0	0	0
			- Intermediate consumption related to production of own-use capital assets		P2_own-use	0	0	0	0	0	0	0	0	0
		+ Non-market consumption of fixed capital			P51c_nonmarket	1,812	1,812	1,812	1,812	1,940	1,940	1,940	1,940	1,940
			= Total consumption of fixed capital		P51c	1,812	1,812	1,812	1,812	1,940	1,940	1,940	1,940	1,940
			- Consumption of fixed capital by market establishments		P51c_market	0	0	0	0	0	0	0	0	0
			- Consumption of fixed capital related to production of own-use capital assets		P51c_own-use	0	0	0	0	0	0	0	0	0
		+ Other taxes on production, payable			D29_pay	0	0	0	0	0	0	0	0	0
		- Other subsidies on production, receivable			D39_rec	0	0	0	0	0	0	0	0	0

Open in Excel: Government Finance Statistics Quarter 1 2025 Table 2.1 (XLS 14KB)

Visit Table GFQ03 on PxStat

Expenditure

At €30.1 billion, total expenditure in Q1 2025 was €0.5 billion more than Q1 2024 (€29.6 billion).

Pay (compensation of employees) increased by €0.7 billion while there was an additional €0.3 billion on intermediate consumption (the use of goods and services). Gross fixed capital formation and investment grants also increased by €0.3 billion and €0.1 billion, respectively.

However, these growths were offset by a decrease of €0.1 billion in interest payable, and €0.7 billion in other current transfers mainly due to lower payments under the Electricity Costs Emergency Benefit scheme when compared with Q1 2024.

	Compensation of employees	Intermediate consumption	Interest	Social benefits	Subsidies	Gross investment in non-financial assets	Current transfers	Capital transfers
Q1 2023	7.688	4.335	0.867	8.681	0.604	2.295	1.993	0.577
Q2 2023	7.811	4.676	0.88	9.817	0.633	2.706	1.041	0.597
Q3 2023	7.854	4.62	0.849	10.356	0.639	3.127	0.995	0.581
Q4 2023	8.057	5.657	0.844	10.837	0.748	3.765	1.294	0.559
Q1 2024	8.27	4.58	0.822	9.659	0.629	3.102	1.944	0.591
Q2 2024	8.577	5.023	0.807	10.113	0.653	3.611	1.022	0.683
Q3 2024	8.564	4.837	0.829	10.866	0.68	3.479	1.108	0.707
Q4 2024	8.587	5.746	0.907	11.98	0.866	3.915	1.411	0.977
Q1 2025	8.951	4.861	0.698	9.683	0.64	3.362	1.212	0.681

Table 2.2 General government; detailed classification of expenditure and consumption

Table 2.2 General government: detailed classification of expenditure and consumption														€million
Description					ESA2010 code	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Total Expenditure					TE	27,040	28,162	29,020	31,761	29,596	30,490	31,070	34,390	30,086
	Expense					26,557	27,268	27,705	29,808	28,435	28,819	29,531	32,416	28,665
		Compensation of employees			D1	7,688	7,811	7,854	8,057	8,270	8,577	8,564	8,587	8,951
			Of which: Related to production of own-use capital assets			6	6	6	6	6	6	6	6	6
		Use of goods and services plus taxes payable			P2 + D5 + D29	4,335	4,676	4,620	5,657	4,580	5,023	4,837	5,746	4,861
			Use of goods and services [Intermediate consumption]		P2	4,335	4,676	4,620	5,657	4,580	5,023	4,837	5,746	4,861
			Taxes, payable		D5	0	0	0	0	0	0	0	0	0
		Depreciation (Consumption of fixed capital)			P51c	1,812	1,812	1,812	1,812	1,940	1,940	1,940	1,940	1,940
		Interest (excluding FISIM)			D41	867	880	849	844	822	807	829	907	698
			Other domestic interest payable		D41_S1	212	480	355	437	168	415	259	517	81
			Interest payable to rest of world		D41_S2	655	400	494	408	654	392	569	390	617
		Subsidies			D3	604	633	639	748	629	653	680	866	640
			Product subsidies		D31	400	460	468	494	449	475	501	535	453
			Other subsidies on production		D39	204	174	171	253	180	179	180	331	186
		Social benefits			D62 + D632	8,681	9,817	10,356	10,837	9,659	10,113	10,866	11,980	9,683
			Social benefits in cash		D62	6,946	7,567	7,113	7,836	7,854	7,723	7,560	8,853	7,987
			Social benefits in kind (via market producers)		D632	1,735	2,250	3,242	3,001	1,805	2,390	3,306	3,127	1,696
		Other current transfers			D7	1,993	1,041	995	1,294	1,944	1,022	1,108	1,411	1,212
			Net non-life insurance premiums		D71	21	21	21	21	21	21	21	21	21
			Current international cooperation		D74	99	89	70	160	154	154	143	176	10
			Miscellaneous current transfers		D75	866	162	151	365	929	149	225	507	388
			VAT and GNI based EU budget contribution		D76	1,007	769	752	748	839	698	719	707	793
				VAT-based EU own resources	D761	58	82	85	116	205	92	98	104	106
				GNI-based EU own resources	D762	898	638	617	592	584	561	572	529	632
				Miscellaneous EU own resources	D763	51	48	50	40	51	45	48	74	55
		Capital transfers			D9	577	597	581	559	591	683	707	977	681
			Investment grants		D92	535	531	530	555	534	680	703	972	619
			Other capital transfers		D99	42	66	51	4	57	3	5	5	61
	Net acquisition of non-financial assets				P5 + NP - P51c	483	894	1,315	1,953	1,162	1,671	1,539	1,975	1,421
		= Gross investment in non-financial assets			P5 + NP	2,295	2,706	3,127	3,765	3,102	3,611	3,479	3,915	3,362
			Gross fixed capital formation		P51	2,237	2,648	3,069	3,707	3,110	3,619	3,487	3,922	3,369
			Net acquisition of stocks		P52	58	58	58	58	-8	-8	-8	-8	-8
			Net acquisition of unproduced assets		NP	0	0	0	0	0	0	0	0	0
		- Consumption of fixed capital			P51c	-1,812	-1,812	-1,812	-1,812	-1,940	-1,940	-1,940	-1,940	-1,940
Net expenditure on current goods and services					P3 excl. D632	12,678	13,130	13,130	14,280	13,653	14,382	14,223	15,039	14,583
	= Output				P1	13,835	14,299	14,285	15,526	14,790	15,541	15,341	16,274	15,752
	- Sales of goods and services				P11+P12+P131	-1,157	-1,170	-1,156	-1,246	-1,136	-1,158	-1,118	-1,235	-1,169
			Market output (sales of market establishments)		P11	0	0	0	0	0	0	0	0	0
			Output for own final use		P12	-6	-6	-6	-6	-6	-6	-6	-6	-6
			Incidental sales and fees of non-market establishments		P131	-1,151	-1,164	-1,150	-1,240	-1,130	-1,153	-1,112	-1,229	-1,163
Final consumption expenditure					P3	14,413	15,380	16,372	17,281	15,458	16,773	17,529	18,166	16,279
	= Net expenditure on current goods and services				P3 excl. D632	12,678	13,130	13,130	14,280	13,653	14,382	14,223	15,039	14,583
	+ Social transfers in kind via market producers				D632	1,735	2,250	3,242	3,001	1,805	2,390	3,306	3,127	1,696
made up of
	Individual consumption (= social transfers in kind)				P31 (= D63)	9,197	10,212	11,718	11,947	9,808	11,073	12,381	12,532	10,123
		Social transfers in kind (via market producers)			D632	1,735	2,250	3,242	3,001	1,805	2,390	3,306	3,127	1,696
		Social transfers in kind (provided directly by government)			D631	7,461	7,962	8,476	8,946	8,003	8,683	9,075	9,404	8,427
	Collective consumption (= actual final consumption of government)				P32	5,217	5,168	4,654	5,334	5,651	5,700	5,148	5,634	6,156
Total social transfers					D62 + D63	16,142	17,779	18,831	19,783	17,661	18,796	19,941	21,385	18,110
	Social benefits in cash				D62	6,946	7,567	7,113	7,836	7,854	7,723	7,560	8,853	7,987
	Social transfers in kind (= individual consumption)				D63	9,197	10,212	11,718	11,947	9,808	11,073	12,381	12,532	10,123