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Government Finance Statistics Quarter 2 2025

Non-Financial Accounts

Online ISSN: 2009-6178

CSO statistical release, 21 October 2025, 11am

Revenue

Total government revenue this quarter was €1.3 billion higher than Q2 2024. This rise is primarily due to taxes with an increase of €1.1 billion, the majority of which is resulting from the increase of €0.6 billion in direct taxes (corporation and income tax).

Elsewhere, social contributions and indirect taxes (including VAT) were each €0.4 billion higher than Q2 2024. These were partly offset by a decrease of €0.2 billion in investment income.

Following the ruling of the Court of Justice of the European Union on 10 September 2024, there is a D.99 (capital transfer) receipt in Q3 2024 which recognised the amount in full of €14.2 billion. 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	8.9	11.5	0.1	5.3	0.3	1.2	0.2	0.2
Q2 2023	6.8	15.4	0.1	5.3	0.4	1.2	0.2	0.2
Q3 2023	9.5	11.8	0.1	5.2	0.5	1.2	0.3	0.2
Q4 2023	8	20.9	0.4	5.7	0.7	1.2	0.4	0.4
Q1 2024	9.9	11.4	0.1	5.6	0.4	1.1	0.2	0.2
Q2 2024	7.2	18.4	0.1	5.6	0.7	1.2	0.2	0.2
Q3 2024	10.4	14	0.1	5.6	0.7	1.1	0.3	14.4
Q4 2024	8.2	22.5	0.6	6.1	0.4	1.2	0.3	0.2
Q1 2025	10.2	12.6	0.1	6.1	0.4	1.2	0.3	0.2
Q2 2025	7.5	19	0.2	6	0.5	1.2	0.3	0.2

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	2025 Q2
Total Revenue					TR	27,625	29,661	28,840	37,654	28,896	33,532	46,615	39,560	30,909	34,827
	Taxes and social contributions					25,798	27,650	26,691	34,927	26,921	31,278	30,038	37,458	28,891	32,699
		Taxes			D2 + D5 + D91	20,493	22,337	21,487	29,275	21,285	25,650	24,470	31,324	22,810	26,708
			Indirect taxes (taxes on production and imports)		D2	8,897	6,831	9,533	8,008	9,862	7,181	10,374	8,232	10,171	7,537
				Taxes on products	D21	7,805	5,614	8,606	7,113	8,584	5,948	9,351	7,232	9,051	6,226
				of which Value-Added Tax	D211	5,929	3,455	6,576	4,417	6,480	3,624	7,098	4,719	6,866	3,707
				Other taxes on production	D29	1,093	1,217	927	894	1,277	1,234	1,023	999	1,120	1,311
			Direct taxes		D5	11,538	15,446	11,846	20,860	11,358	18,388	13,986	22,494	12,560	18,983
				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	18,737
				Other current direct taxes	D59	265	239	230	208	266	255	242	216	273	246
			Capital taxes		D91	57	60	109	408	65	81	110	598	80	188
		Social contributions			D61	5,305	5,312	5,204	5,652	5,637	5,628	5,568	6,134	6,080	5,991
			Actual social contributions		D611 + D613	4,267	4,289	4,176	4,641	4,614	4,639	4,568	5,125	5,034	4,963
				PRSI receipts	D611 + D613(pt)	3,803	3,812	3,706	4,155	4,112	4,110	4,049	4,607	4,494	4,407
				Government employees' pension contributions	D613(pt)	465	477	470	485	502	530	519	519	540	556
			Employers' imputed social contributions		D612	1,038	1,023	1,028	1,011	1,023	989	1,000	1,009	1,046	1,027
	Sales of goods and services				P1O	1,157	1,170	1,156	1,246	1,136	1,158	1,118	1,235	1,169	1,173
		Sales of market establishments (= market output)			P11	0	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	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	1,167
	Investment income				D4	253	404	514	723	419	691	675	411	405	466
		Interest (excluding FISIM)			D41	230	258	332	366	378	331	384	360	322	322
		Dividends / Other investment income			D42 + D44	3	126	162	336	18	337	268	28	61	122
		Rent of land and subsoil assets			D45	21	21	21	21	23	23	23	23	22	22
	Current transfer revenue				D39 + D7	245	246	283	401	247	212	339	252	274	279
		Subsidies			D39	0	0	0	0	0	0	0	0	0	0
		Other current transfers			D7	245	246	283	401	247	212	339	252	274	279
			Non-life insurance claims		D72	7	7	7	7	7	7	7	7	7	7
			Other Domestic - Current		D7N_S1	220	199	217	217	222	209	205	227	266	271
			From Rest of World - Current		D7N_S2	17	40	59	177	17	-4	126	18	1	1
	Capital transfer revenue				D9N	172	192	196	357	173	192	14,446	204	171	211

Output					P1	13,835	14,300	14,285	15,526	14,790	15,541	15,341	16,274	15,632	16,406
	Market output (sales of market establishments)				P11	0	0	0	0	0	0	0	0	0	0
	Output for own final use				P12	6	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	15,626	16,400
		= 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	9,015
			= Total compensation of employees		D1	7,688	7,811	7,854	8,057	8,270	8,577	8,564	8,587	8,951	9,021
			- Compensation of employees of market establishments		D1_market	0	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	-6
		+ Non-market intermediate consumption			P2_nonmarket	4,335	4,676	4,620	5,657	4,580	5,023	4,837	5,746	4,740	5,445
			= Total intermediate consumption		P2	4,335	4,676	4,620	5,657	4,580	5,023	4,837	5,746	4,740	5,445
			- Intermediate consumption of market establishments		P2_market	0	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	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	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	1,940
			- Consumption of fixed capital by market establishments		P51c_market	0	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	0
		+ Other taxes on production, payable			D29_pay	0	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	0

Open in Excel: Government Finance Statistics Quarter 2 2025 Table 2.1 (XLS 14KB)

Visit Table GFQ03 on PxStat

Expenditure

At €32.8 billion, total expenditure in Q2 2025 was €2.2 billion more than Q2 2024 (€30.6 billion).

The increase was driven by a number of expenditure categories including pay (compensation of employees) which increased by over €0.4 billion while there was an additional €0.4 billion spent on the use of goods and services (intermediate consumption).

Social benefits and capital investment also increased by under €0.4 billion and €0.2 billion, respectively. There was a further increase of under €0.2 billion in investment grants and a one-off capital transfer payment of €0.6 billion to the private sector.

	Compensation of employees	Intermediate consumption	Interest	Social benefits	Subsidies	Gross investment in non-financial assets	Current transfers	Capital transfers
Q1 2023	7.7	4.3	0.9	8.7	0.6	2.4	2	0.6
Q2 2023	7.8	4.7	0.9	9.9	0.6	2.8	1	0.6
Q3 2023	7.9	4.6	0.9	10.4	0.6	3.2	1	0.6
Q4 2023	8.1	5.7	0.8	10.9	0.7	3.9	1.3	0.6
Q1 2024	8.3	4.6	0.8	9.7	0.6	3.2	1.9	0.6
Q2 2024	8.6	5	0.8	10.1	0.7	3.7	1	0.7
Q3 2024	8.6	4.8	0.8	10.9	0.7	3.6	1.1	0.7
Q4 2024	8.6	5.7	0.9	12	0.9	4.1	1.4	0.9
Q1 2025	9	4.7	0.7	9.7	0.6	3.6	1.4	0.7
Q2 2025	9	5.4	0.8	10.5	0.7	4	1.1	1.4

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	2025 Q2
Total Expenditure					TE	27,218	28,343	29,178	31,882	29,693	30,601	31,210	34,494	30,389	32,817
	Expense					26,620	27,334	27,749	29,833	28,440	28,830	29,540	32,366	28,749	30,806
		Compensation of employees			D1	7,688	7,811	7,854	8,057	8,270	8,577	8,564	8,587	8,951	9,021
			Of which: Related to production of own-use capital assets			6	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	4,740	5,445
			Use of goods and services [Intermediate consumption]		P2	4,335	4,676	4,620	5,657	4,580	5,023	4,837	5,746	4,740	5,445
			Taxes, payable		D5	0	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	1,940
		Interest (excluding FISIM)			D41	868	881	850	845	835	820	842	865	690	807
			Other domestic interest payable		D41_S1	213	481	356	437	181	428	273	475	72	538
			Interest payable to rest of world		D41_S2	655	400	494	408	654	392	569	390	617	269
		Subsidies			D3	604	633	639	748	629	653	680	866	640	654
			Product subsidies		D31	400	460	468	494	449	475	501	535	453	468
			Other subsidies on production		D39	204	174	171	253	180	179	180	331	186	185
		Social benefits			D62 + D632	8,743	9,881	10,398	10,861	9,682	10,141	10,892	12,004	9,683	10,499
			Social benefits in cash		D62	7,007	7,631	7,156	7,860	7,877	7,751	7,586	8,876	7,987	8,232
			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	2,267
		Other current transfers			D7	1,994	1,042	995	1,295	1,942	1,020	1,106	1,410	1,403	1,058
			Net non-life insurance premiums		D71	21	21	21	21	21	21	21	21	21	21
			Current international cooperation		D74	99	89	70	160	154	154	143	176	172	135
			Miscellaneous current transfers		D75	867	163	152	366	927	147	223	505	416	111
			VAT and GNI based EU budget contribution		D76	1,007	769	752	748	839	698	719	707	793	790
				VAT-based EU own resources	D761	58	82	85	116	205	92	98	104	106	106
				GNI-based EU own resources	D762	898	638	617	592	584	561	572	529	632	629
				Miscellaneous EU own resources	D763	51	48	50	40	51	45	48	74	55	55
		Capital transfers			D9	577	597	581	559	562	654	679	948	702	1,383
			Investment grants		D92	535	531	530	555	505	651	674	943	645	801
			Other capital transfers		D99	42	66	51	4	57	3	5	5	57	582
	Net acquisition of non-financial assets				P5 + NP - P51c	598	1,009	1,430	2,049	1,253	1,772	1,670	2,127	1,639	2,011
		= Gross investment in non-financial assets			P5 + NP	2,410	2,821	3,242	3,861	3,193	3,712	3,610	4,068	3,580	3,951
			Gross fixed capital formation		P51	2,352	2,763	3,184	3,803	3,201	3,720	3,617	4,075	3,587	3,959
			Net acquisition of stocks		P52	58	58	58	58	-8	-8	-8	-8	-8	-8
			Net acquisition of unproduced assets		NP	0	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	-1,940
Net expenditure on current goods and services					P3 excl. D632	12,678	13,130	13,130	14,280	13,654	14,382	14,223	15,039	14,463	15,233
	= Output				P1	13,835	14,300	14,285	15,526	14,790	15,541	15,341	16,274	15,632	16,406
	- 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	-1,173
			Market output (sales of market establishments)		P11	0	0	0	0	0	0	0	0	0	0
			Output for own final use		P12	-6	-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	-1,167
Final consumption expenditure					P3	14,413	15,380	16,372	17,281	15,459	16,773	17,529	18,166	16,159	17,500
	= Net expenditure on current goods and services				P3 excl. D632	12,678	13,130	13,130	14,280	13,654	14,382	14,223	15,039	14,463	15,233
	+ 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	2,267
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	10,061	11,327
		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	2,267
		Social transfers in kind (provided directly by government)			D631	7,462	7,962	8,476	8,946	8,003	8,683	9,075	9,404	8,365	9,060
	Collective consumption (= actual final consumption of government)				P32	5,217	5,168	4,654	5,334	5,651	5,700	5,148	5,634	6,098	6,174
Total social transfers					D62 + D63	16,204	17,843	18,874	19,807	17,685	18,824	19,967	21,408	18,048	19,559
	Social benefits in cash				D62	7,007	7,631	7,156	7,860	7,877	7,751	7,586	8,876	7,987	8,232
	Social transfers in kind (= individual consumption)				D63	9,197	10,212	11,718	11,947	9,808	11,073	12,381	12,532	10,061	11,327