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Government Finance Statistics Quarter 2 2026

Revenue and Expenditure

Online ISSN: 2009-6178

CSO statistical release, 22 October 2026, 11am

Revenue

Total government revenue this quarter was €36.7 billion, €1.7 billion (4.9%) higher than Q2 2025. This rise is primarily due to an increased taxes take of €1.3 billion (4.7%), the majority of which arises from an increase of €0.8 billion (9.4%) in income tax and €0.3 (8.7%) billion in VAT.

Indirect taxes, which includes VAT, saw a drop of €0.1 billion (0.1%) when compared to Q2 2025. Direct taxes, which largely comprise of two items, income tax and corporation tax, increased by €1.4 billion (7.2%) in total on the same period in 2025. This is largely down to an increase of €0.8 billion (9.4%) in income tax (as mentioned above), as well as an increase of €0.6 billion (5.6%) in corporation tax compared to the same period in 2025.

Elsewhere, social contributions, of which PRSI receipts are the main component, were €0.4 billion (7.2%) higher than Q2 2025.

	Direct taxes	Indirect taxes	Social contributions	Sales of goods and services	Investment income	Current transfers	Capital taxes	Capital transfers
Q1 2024	11.4	9.9	5.6	1.2	0.4	0.2	0.2	0.1
Q2 2024	18.4	7.2	5.6	1.2	0.7	0.2	0.2	0.1
Q3 2024	14	10.4	5.6	1.2	0.7	0.4	0.2	14.4
Q4 2024	22.5	8.3	6.1	1.2	0.4	0.2	0.7	0.2
Q1 2025	12.5	10.5	6.1	1.2	0.4	0.3	0.1	0.1
Q2 2025	19	7.6	6	1.2	0.4	0.3	0.2	0.2
Q3 2025	13.9	10.7	6	1.2	0.4	0.3	0.3	0.2
Q4 2025	27.6	8.6	6.6	1.3	0.5	0.2	0.7	0.2
Q1 2026	13.1	11.3	6.4	1.3	0.4	0.3	0.2	0.2
Q2 2026	20.3	7.6	6.4	1.3	0.4	0.3	0.2	0.1

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	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2
Total Revenue					TR	29,068	33,650	46,756	39,668	31,313	34,929	32,908	45,653	33,117	36,654
	Taxes and social contributions					27,117	31,424	30,187	37,626	29,266	32,837	30,821	43,498	31,020	34,538
		Taxes			D2 + D5 + D91	21,480	25,796	24,618	31,492	23,186	26,846	24,861	36,918	24,582	28,114
			Indirect taxes (taxes on production and imports)		D2	9,918	7,188	10,384	8,261	10,507	7,633	10,710	8,643	11,330	7,624
				Taxes on products	D21	8,581	5,945	9,349	7,248	9,037	6,256	9,692	7,610	9,821	6,233
				of which Value-Added Tax	D211	6,480	3,624	7,098	4,739	6,843	3,750	7,435	5,042	7,480	4,077
				Other taxes on production	D29	1,337	1,244	1,035	1,013	1,470	1,378	1,018	1,033	1,509	1,391
			Direct taxes		D5	11,357	18,387	13,985	22,494	12,539	18,965	13,876	27,576	13,098	20,337
				Taxes on income, profits and capital gains	D51	11,092	18,133	13,744	22,278	12,265	18,718	13,635	27,352	12,825	20,090
				of which Income tax		8,425	8,291	7,925	10,683	8,847	8,601	8,323	11,123	2,398	9,407
				of which Corporation tax		2,435	9,737	5,632	10,306	3,041	10,027	5,179	14,695	2,945	10,588
				Other current direct taxes	D59	265	254	241	215	274	246	240	224	273	247
			Capital taxes		D91	205	220	249	737	141	248	274	699	153	153
		Social contributions			D61	5,637	5,628	5,568	6,134	6,079	5,991	5,961	6,580	6,439	6,424
			Actual social contributions		D611 + D613	4,614	4,639	4,568	5,125	5,034	4,964	4,932	5,546	5,433	5,424
				PRSI receipts	D611 + D613(pt)	4,112	4,110	4,049	4,607	4,494	4,408	4,378	4,983	4,839	4,826
				Government employees' pension contributions	D613(pt)	502	530	519	519	540	557	554	563	595	598
			Employers' imputed social contributions		D612	1,023	989	1,000	1,009	1,045	1,026	1,029	1,033	1,006	999
	Sales of goods and services				P1O	1,185	1,209	1,170	1,248	1,218	1,233	1,219	1,250	1,252	1,260
		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	1,180	1,203	1,165	1,242	1,212	1,227	1,213	1,245	1,246	1,254
	Investment income				D4	408	671	657	387	445	427	413	538	406	437
		Interest (excluding FISIM)			D41	368	311	366	336	361	283	287	313	364	306
		Dividends / Other investment income			D42 + D44	18	337	268	28	61	122	103	202	20	109
		Rent of land and subsoil assets			D45	23	23	23	23	22	22	22	22	22	22
	Current transfer revenue				D39 + D7	237	210	350	246	270	273	303	178	286	272
		Subsidies			D39	0	0	0	0	0	0	0	0	0	0
		Other current transfers			D7	237	210	350	246	270	273	303	178	286	272
			Non-life insurance claims		D72	6	6	6	6	7	7	7	7	7	7
			Other Domestic - Current		D7N_S1	212	205	216	220	251	256	248	162	241	249
			From Rest of World - Current		D7N_S2	19	-1	128	20	12	11	48	8	38	16
	Capital transfer revenue				D9N	120	137	14,392	161	115	159	152	190	152	147

Output					P1	14,889	15,631	15,445	16,351	15,996	16,513	16,468	17,370	16,460	16,825
	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	14,883	15,625	15,439	16,346	15,991	16,508	16,463	17,365	16,454	16,820
		= Non-market compensation of employees			D1_nonmarket	8,264	8,572	8,559	8,582	8,949	9,030	9,131	9,229	9,489	9,549
			= Total compensation of employees		D1	8,270	8,577	8,564	8,587	8,955	9,036	9,136	9,235	9,495	9,555
			- 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	4,656	5,090	4,917	5,801	4,955	5,391	5,245	6,049	4,878	5,184
			= Total intermediate consumption		P2	4,656	5,090	4,917	5,801	4,955	5,391	5,245	6,049	4,878	5,184
			- 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	1,963	1,963	1,963	1,963	2,087	2,087	2,087	2,087	2,087	2,087
			= Total consumption of fixed capital		P51c	1,963	1,963	1,963	1,963	2,087	2,087	2,087	2,087	2,087	2,087
			- 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 2026 Table 2.1 (XLS 14KB)

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Expenditure

At €33.9 billion, total expenditure in Q2 2026 was €1.1 billion (3.3%) higher than Q2 2025 (€32.8 billion).

This increase was driven by a number of government spending categories, mainly social benefits at €0.7 billion (7%) and pay (compensation of employees), which increased by €0.5 billion (5.8%) . There was also a rise of €0.1 billion (3.3%) in capital investment (gross fixed capital formation), and a drop of €0.3 billion (24.2%) in capital transfers.

Spending on the use of goods and services (intermediate consumption) saw a drop of €0.2 billion (3.8%), and interest repayments dropped by €60 million (7.6%) when compared to Q2 2025.

	Pay	Use of Goods and Services	Social benefits	Interest	Subsidies	Capital expenditure	Current transfers	Capital transfers
Q1 2024	8.3	4.7	9.7	0.8	0.7	3.2	1.9	0.4
Q2 2024	8.6	5.1	10.1	0.8	0.7	3.8	1	0.4
Q3 2024	8.6	4.9	10.8	0.8	0.8	3.7	1	0.4
Q4 2024	8.6	5.8	12	0.8	1	4	1.4	1.1
Q1 2025	9	5	9.9	0.7	0.7	3.8	1.3	0.5
Q2 2025	9	5.4	10.6	0.8	0.7	4.1	1	1.1
Q3 2025	9.1	5.2	11.5	0.7	0.8	4.4	1	0.6
Q4 2025	9.2	6	11.9	0.8	1.1	4.5	0.9	2.8
Q1 2026	9.5	4.9	10.6	0.7	0.7	4	0.9	0.7
Q2 2026	9.6	5.2	11.4	0.7	0.8	4.3	1.2	0.9

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	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2
Total Expenditure					TE	29,581	30,426	31,014	34,687	30,803	32,782	33,370	37,180	32,095	33,860
	Expense					28,363	28,621	29,234	32,634	29,110	30,736	31,042	34,790	30,168	31,678
		Compensation of employees			D1	8,270	8,577	8,564	8,587	8,955	9,036	9,136	9,235	9,495	9,555
			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	4,656	5,090	4,917	5,801	4,955	5,391	5,245	6,049	4,878	5,184
			Use of goods and services [Intermediate consumption]		P2	4,656	5,090	4,917	5,801	4,955	5,391	5,245	6,049	4,878	5,184
			Taxes, payable		D5	0	0	0	0	0	0	0	0	0	0
		Depreciation (Consumption of fixed capital)			P51c	1,963	1,963	1,963	1,963	2,087	2,087	2,087	2,087	2,087	2,087
		Interest (excluding FISIM)			D41	805	789	811	836	687	784	695	762	744	724
			Other domestic interest payable		D41_S1	151	397	242	446	70	515	159	443	168	446
			Interest payable to rest of world		D41_S2	654	392	569	390	617	269	536	320	576	278
		Subsidies			D3	723	749	779	1,023	733	745	785	1,057	739	762
			Product subsidies		D31	475	503	532	567	439	453	491	515	441	465
			Other subsidies on production		D39	247	246	247	456	294	293	294	543	299	297
		Social benefits			D62 + D632	9,658	10,056	10,782	11,992	9,887	10,609	11,485	11,867	10,645	11,353
			Social benefits in cash		D62	7,684	7,558	7,393	8,683	7,796	8,041	7,891	8,315	8,365	8,618
			Social benefits in kind (via market producers)		D632	1,974	2,498	3,389	3,309	2,091	2,568	3,594	3,552	2,280	2,735
		Other current transfers			D7	1,879	960	985	1,364	1,328	958	1,028	930	882	1,160
			Net non-life insurance premiums		D71	25	25	25	25	21	21	21	21	21	21
			Current international cooperation		D74	92	94	76	197	102	57	118	147	108	105
			Miscellaneous current transfers		D75	922	144	165	435	383	115	123	144	117	168
			VAT and GNI based EU budget contribution		D76	839	698	719	707	822	765	767	617	636	866
				VAT-based EU own resources	D761	205	92	98	104	135	81	106	100	117	103
				GNI-based EU own resources	D762	584	561	572	529	632	629	605	486	466	718
				Miscellaneous EU own resources	D763	51	45	48	74	55	55	55	31	52	46
		Capital transfers			D9	410	436	432	1,067	478	1,126	581	2,803	697	854
			Investment grants		D92	353	433	427	1,062	420	544	578	2,803	617	835
			Other capital transfers		D99	57	3	5	5	57	582	3	0	80	19
	Net acquisition of non-financial assets				P5 + NP - P51c	1,219	1,805	1,780	2,053	1,693	2,046	2,328	2,390	1,927	2,182
		= Gross investment in non-financial assets			P5 + NP	3,182	3,769	3,743	4,016	3,780	4,133	4,414	4,477	4,014	4,268
			Gross fixed capital formation		P51	3,190	3,776	3,704	4,024	3,788	4,141	4,422	4,485	4,022	4,276
			Net acquisition of stocks		P52	-8	-8	-8	-8	-8	-8	-8	-8	-8	-8
			Net acquisition of unproduced assets		NP	0	0	48	0	0	0	0	0	0	0
		- Consumption of fixed capital			P51c	-1,963	-1,963	-1,963	-1,963	-2,087	-2,087	-2,087	-2,087	-2,087	-2,087
Net expenditure on current goods and services					P3 excl. D632	13,703	14,422	14,274	15,103	14,779	15,281	15,250	16,120	15,208	15,565
	= Output				P1	14,889	15,631	15,445	16,351	15,996	16,513	16,468	17,370	16,460	16,825
	- Sales of goods and services				P11+P12+P131	-1,185	-1,209	-1,170	-1,248	-1,218	-1,233	-1,219	-1,250	-1,252	-1,260
			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	-1,180	-1,203	-1,165	-1,242	-1,212	-1,227	-1,213	-1,245	-1,246	-1,254
Final consumption expenditure					P3	15,677	16,920	17,663	18,412	16,869	17,849	18,844	19,672	17,488	18,300
	= Net expenditure on current goods and services				P3 excl. D632	13,703	14,422	14,274	15,103	14,779	15,281	15,250	16,120	15,208	15,565
	+ Social transfers in kind via market producers				D632	1,974	2,498	3,389	3,309	2,091	2,568	3,594	3,552	2,280	2,735
made up of
	Individual consumption (= social transfers in kind)				P31 (= D63)	11,420	12,326	12,867	13,413	12,289	13,003	13,727	14,331	12,739	13,331
		Social transfers in kind (via market producers)			D632	1,974	2,498	3,389	3,309	2,091	2,568	3,594	3,552	2,280	2,735
		Social transfers in kind (provided directly by government)			D631	9,447	9,828	9,478	10,104	10,198	10,434	10,133	10,779	10,460	10,596
	Collective consumption (= actual final consumption of government)				P32	4,257	4,594	4,796	4,999	4,580	4,846	5,116	5,341	4,748	4,969
Total social transfers					D62 + D63	19,104	19,883	20,260	22,096	20,085	21,044	21,618	22,645	21,105	21,950
	Social benefits in cash				D62	7,684	7,558	7,393	8,683	7,796	8,041	7,891	8,315	8,365	8,618
	Social transfers in kind (= individual consumption)				D63	11,420	12,326	12,867	13,413	12,289	13,003	13,727	14,331	12,739	13,331