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Government Finance Statistics Quarter 4 2025

Revenue and Expenditure

Online ISSN: 2009-6178

CSO statistical release, 22 April 2026, 11am

Revenue

Total government revenue this quarter was €6.3 billion higher than Q4 2024. This rise is primarily due to an increased taxes take of €5.6 billion, the majority of which is resulting from the increase of €4.8 billion in corporation and income tax.

Indirect taxes, which includes VAT, saw an increase of €0.4 billion when compared to Q4 2024. Direct taxes, which largely comprise of two items, income tax and corporation tax, increased by €5.1 billion (22.6%) on the same period in 2024.

Elsewhere, social contributions, of which PRSI receipts are the main component, were €0.4 billion (7.2%) higher than Q4 2024.

	Direct taxes	Indirect taxes	Social contributions	Sales of goods and services	Investment income	Current transfers	Capital taxes	Capital transfers
Q1 2023	11.5	8.9	5.3	1.2	0.3	0.3	0.1	0.2
Q2 2023	15.4	6.8	5.3	1.2	0.4	0.3	0.1	0.2
Q3 2023	11.8	9.5	5.2	1.2	0.5	0.3	0.1	0.2
Q4 2023	20.9	8.0	5.7	1.3	0.7	0.4	0.4	0.4
Q1 2024	11.4	9.9	5.6	1.2	0.4	0.3	0.1	0.2
Q2 2024	18.4	7.2	5.6	1.2	0.7	0.2	0.1	0.2
Q3 2024	14.0	10.4	5.6	1.2	0.7	0.4	0.1	14.4
Q4 2024	22.5	8.3	6.1	1.3	0.4	0.3	0.6	0.2
Q1 2025	12.5	10.5	6.1	1.2	0.4	0.3	0.1	0.2
Q2 2025	19.0	7.6	6.0	1.2	0.4	0.3	0.2	0.3
Q3 2025	13.9	10.7	6.0	1.2	0.4	0.3	0.2	0.2
Q4 2025	27.6	8.7	6.6	1.2	0.5	0.2	0.6	0.5

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	2025 Q3	2025 Q4
Total Revenue					TR	27,672	29,738	28,903	37,709	29,031	33,615	46,724	39,637	31,319	34,941	32,907	45,887
	Taxes and social contributions					25,799	27,650	26,692	34,927	26,981	31,287	30,047	37,485	29,203	32,777	30,759	43,496
		Taxes			D2 + D5 + D91	20,494	22,338	21,488	29,276	21,344	25,659	24,479	31,350	23,123	26,787	24,798	36,922
			Indirect taxes (taxes on production and imports)		D2	8,898	6,832	9,533	8,008	9,923	7,192	10,384	8,260	10,506	7,636	10,710	8,709
				Taxes on products	D21	7,805	5,614	8,606	7,113	8,584	5,948	9,351	7,250	9,041	6,260	9,696	7,570
				of which Value-Added Tax	D211	5,929	3,455	6,576	4,417	6,480	3,624	7,098	4,739	6,843	3,750	7,435	4,999
				Other taxes on production	D29	1,093	1,217	928	895	1,338	1,244	1,033	1,010	1,466	1,376	1,014	1,139
			Direct taxes		D5	11,538	15,446	11,846	20,860	11,356	18,386	13,985	22,493	12,537	18,963	13,874	27,574
				Taxes on income, profits and capital gains	D51	11,273	15,207	11,616	20,652	11,092	18,133	13,744	22,278	12,265	18,718	13,635	27,352
				of which Income tax		7,714	7,824	7,447	10,193	8,425	8,291	7,925	10,683	8,847	8,601	8,323	11,122
				of which Corporation tax		3,239	7,310	3,898	9,391	2,435	9,737	5,632	10,306	3,041	10,027	5,179	14,695
				Other current direct taxes	D59	265	239	230	208	265	253	240	215	272	244	238	222
			Capital taxes		D91	57	60	109	408	65	81	110	598	80	188	214	639
		Social contributions			D61	5,305	5,312	5,204	5,652	5,637	5,628	5,568	6,134	6,079	5,991	5,961	6,575
			Actual social contributions		D611 + D613	4,267	4,289	4,176	4,641	4,614	4,639	4,568	5,125	5,034	4,964	4,932	5,532
				PRSI receipts	D611 + D613(pt)	3,803	3,812	3,706	4,155	4,112	4,110	4,049	4,607	4,494	4,408	4,378	4,983
				Government employees' pension contributions	D613(pt)	465	477	470	485	502	530	519	519	540	557	554	549
			Employers' imputed social contributions		D612	1,038	1,023	1,028	1,011	1,023	989	1,000	1,009	1,045	1,026	1,029	1,043
	Sales of goods and services				P1O	1,210	1,222	1,211	1,302	1,195	1,219	1,181	1,258	1,191	1,206	1,192	1,215
		Sales of market establishments (= market output)			P11	0	0	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	6	6
		Incidental sales and fees of non-market establishments			P131	1,205	1,217	1,205	1,297	1,190	1,213	1,175	1,252	1,186	1,201	1,187	1,209
	Investment income				D4	253	403	500	700	404	668	654	384	442	424	410	534
		Interest (excluding FISIM)			D41	230	257	317	343	363	309	364	334	359	280	284	309
		Dividends / Other investment income			D42 + D44	3	126	162	336	18	337	268	28	61	122	103	202
		Rent of land and subsoil assets			D45	21	21	21	21	23	23	23	23	22	22	22	22
	Current transfer revenue				D39 + D7	255	271	304	421	276	249	395	294	262	269	298	173
		Subsidies			D39	0	0	0	0	0	0	0	0	0	0	0	0
		Other current transfers			D7	255	271	304	421	276	249	395	294	262	269	298	173
			Non-life insurance claims		D72	7	7	7	7	7	7	7	7	7	7	7	7
			Other Domestic - Current		D7N_S1	230	219	237	236	251	245	260	267	251	256	248	162
			From Rest of World - Current		D7N_S2	17	45	61	178	19	-3	128	20	3	6	43	4
	Capital transfer revenue				D9N	155	192	196	358	175	191	14,447	215	221	264	247	469

Output					P1	13,822	14,285	14,258	15,496	14,780	15,522	15,336	16,243	15,775	16,292	16,248	16,924
	Market output (sales of market establishments)				P11	0	0	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	6	6
	Non-market output				P13	13,816	14,280	14,252	15,490	14,774	15,516	15,330	16,237	15,769	16,286	16,242	16,918
		= Non-market compensation of employees			D1_nonmarket	7,682	7,806	7,848	8,052	8,264	8,572	8,559	8,582	8,949	9,030	9,131	9,003
			= Total compensation of employees		D1	7,688	7,811	7,854	8,057	8,270	8,577	8,564	8,587	8,955	9,036	9,136	9,009
			- Compensation of employees of market establishments		D1_market	0	0	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	-6	-6
		+ Non-market intermediate consumption			P2_nonmarket	4,322	4,662	4,592	5,627	4,570	5,004	4,832	5,715	4,880	5,316	5,171	5,975
			= Total intermediate consumption		P2	4,322	4,662	4,592	5,627	4,570	5,004	4,832	5,715	4,880	5,316	5,171	5,975
			- Intermediate consumption of market establishments		P2_market	0	0	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	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	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	1,940	1,940
			- Consumption of fixed capital by market establishments		P51c_market	0	0	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	0	0
		+ Other taxes on production, payable			D29_pay	0	0	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	0	0

Open in Excel: Government Finance Statistics Quarter 4 2025 Table 2.1 (XLS 15KB)

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Expenditure

At €36.9 billion, total expenditure in Q4 2025 was €2.4 billion (7.1%) higher than Q4 2024 (€34.4 billion).

The increase was driven by a number of government spending categories including pay (compensation of employees) which increased by €0.4 billion (4.9%), while there was an additional €0.3 billion (4.5%) spent on the use of goods and services. There was also a large increase of €1.9 billion in capital transfers, which includes investment grants to semi-state enterprises.

Elsewhere, capital expenditure (gross fixed capital formation) increased by €0.7 billion (18.9%). and spending on the use of goods and services (intermediate consumption) also saw an increase of €0.3 billion. Interest repayments were down by €0.1 billion when compared to Q4 2024.

	Pay	Use of Goods and Services	Social benefits	Interest	Subsidies	Capital expenditure	Current transfers	Capital transfers
Q1 2023	7.7	4.3	8.8	0.9	0.7	2.4	2.0	0.6
Q2 2023	7.8	4.7	9.9	0.9	0.7	2.7	1.0	0.6
Q3 2023	7.9	4.6	10.4	0.8	0.7	3.2	1.0	0.6
Q4 2023	8.1	5.6	10.9	0.8	0.8	3.9	1.3	0.6
Q1 2024	8.3	4.6	9.7	0.8	0.7	3.1	1.8	0.6
Q2 2024	8.6	5.0	10.2	0.8	0.7	3.7	0.9	0.6
Q3 2024	8.6	4.8	10.9	0.8	0.8	3.6	1.0	0.6
Q4 2024	8.6	5.7	12.1	0.8	1.0	3.9	1.3	0.9
Q1 2025	9.0	4.9	9.8	0.7	0.8	3.8	1.3	0.5
Q2 2025	9.0	5.3	10.5	0.8	0.8	4.3	1.0	1.1
Q3 2025	9.1	5.2	11.3	0.7	0.8	4.5	1.0	0.6
Q4 2025	9.0	6.0	11.7	0.8	1.1	4.7	0.8	2.8

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	2025 Q3	2025 Q4
Total Expenditure					TE	27,290	28,270	29,071	31,961	29,613	30,512	31,141	34,419	30,769	32,848	33,353	36,861
	Expense					26,676	27,348	27,727	29,915	28,473	28,786	29,443	32,449	28,915	30,501	30,749	34,152
		Compensation of employees			D1	7,688	7,811	7,854	8,057	8,270	8,577	8,564	8,587	8,955	9,036	9,136	9,009
			Of which: Related to production of own-use capital assets			6	6	6	6	6	6	6	6	6	6	6	6
		Use of goods and services plus taxes payable			P2 + D5 + D29	4,322	4,662	4,592	5,627	4,570	5,004	4,832	5,715	4,880	5,316	5,171	5,975
			Use of goods and services [Intermediate consumption]		P2	4,322	4,662	4,592	5,627	4,570	5,004	4,832	5,715	4,880	5,316	5,171	5,975
			Taxes, payable		D5	0	0	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	1,940	1,940
		Interest (excluding FISIM)			D41	860	873	838	829	816	798	820	845	697	794	705	774
			Other domestic interest payable		D41_S1	205	472	344	422	162	405	251	455	80	525	169	454
			Interest payable to rest of world		D41_S2	655	400	494	408	654	392	569	390	617	269	536	320
		Subsidies			D3	655	685	691	843	723	749	779	1,023	784	801	845	1,120
			Product subsidies		D31	400	460	469	495	475	503	532	567	490	508	551	577
			Other subsidies on production		D39	255	225	222	348	247	246	247	456	294	293	294	543
		Social benefits			D62 + D632	8,789	9,886	10,385	10,913	9,745	10,159	10,892	12,077	9,805	10,514	11,348	11,722
			Social benefits in cash		D62	6,945	7,568	7,093	7,797	7,814	7,688	7,524	8,814	7,791	8,036	7,885	8,308
			Social benefits in kind (via market producers)		D632	1,844	2,318	3,292	3,116	1,931	2,471	3,369	3,263	2,014	2,479	3,462	3,415
		Other current transfers			D7	1,980	1,028	981	1,281	1,847	935	969	1,348	1,328	958	1,028	793
			Net non-life insurance premiums		D71	21	21	21	21	21	21	21	21	21	21	21	21
			Current international cooperation		D74	99	89	70	160	73	84	76	197	102	57	118	11
			Miscellaneous current transfers		D75	853	149	138	352	913	133	153	423	383	115	123	144
			VAT and GNI based EU budget contribution		D76	1,007	769	752	748	839	698	719	707	822	765	767	617
				VAT-based EU own resources	D761	58	82	85	116	205	92	98	104	135	81	106	100
				GNI-based EU own resources	D762	898	638	617	592	584	561	572	529	632	629	605	486
				Miscellaneous EU own resources	D763	51	48	50	40	51	45	48	74	55	55	55	31
		Capital transfers			D9	571	591	574	552	562	623	646	914	525	1,142	575	2,819
			Investment grants		D92	529	524	524	549	505	619	642	908	468	561	572	2,819
			Other capital transfers		D99	42	66	51	4	57	3	5	5	57	582	3	0
	Net acquisition of non-financial assets				P5 + NP - P51c	614	923	1,344	2,046	1,140	1,726	1,699	1,970	1,855	2,347	2,604	2,710
		= Gross investment in non-financial assets			P5 + NP	2,426	2,734	3,156	3,858	3,081	3,666	3,639	3,910	3,795	4,287	4,544	4,650
			Gross fixed capital formation		P51	2,368	2,676	3,098	3,800	3,088	3,674	3,599	3,918	3,802	4,295	4,552	4,658
			Net acquisition of stocks		P52	58	58	58	58	-8	-8	-8	-8	-8	-8	-8	-8
			Net acquisition of unproduced assets		NP	0	0	0	0	0	0	48	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	-1,940	-1,940
Net expenditure on current goods and services					P3 excl. D632	12,611	13,063	13,047	14,194	13,584	14,303	14,155	14,985	14,583	15,085	15,055	15,709
	= Output				P1	13,822	14,285	14,258	15,496	14,780	15,522	15,336	16,243	15,775	16,292	16,248	16,924
	- Sales of goods and services				P11+P12+P131	-1,210	-1,222	-1,211	-1,302	-1,195	-1,219	-1,181	-1,258	-1,191	-1,206	-1,192	-1,215
			Market output (sales of market establishments)		P11	0	0	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	-6	-6
			Incidental sales and fees of non-market establishments		P131	-1,205	-1,217	-1,205	-1,297	-1,190	-1,213	-1,175	-1,252	-1,186	-1,201	-1,187	-1,209
Final consumption expenditure					P3	14,456	15,381	16,338	17,310	15,515	16,774	17,524	18,248	16,597	17,564	18,518	19,124
	= Net expenditure on current goods and services				P3 excl. D632	12,611	13,063	13,047	14,194	13,584	14,303	14,155	14,985	14,583	15,085	15,055	15,709
	+ Social transfers in kind via market producers				D632	1,844	2,318	3,292	3,116	1,931	2,471	3,369	3,263	2,014	2,479	3,462	3,415
made up of
	Individual consumption (= social transfers in kind)				P31 (= D63)	9,328	10,281	11,750	12,077	9,963	11,155	12,441	12,710	10,606	11,571	13,049	13,315
		Social transfers in kind (via market producers)			D632	1,844	2,318	3,292	3,116	1,931	2,471	3,369	3,263	2,014	2,479	3,462	3,415
		Social transfers in kind (provided directly by government)			D631	7,483	7,963	8,458	8,961	8,032	8,684	9,072	9,447	8,592	9,093	9,586	9,900
	Collective consumption (= actual final consumption of government)				P32	5,128	5,100	4,589	5,233	5,552	5,619	5,083	5,538	5,991	5,993	5,469	5,809
Total social transfers					D62 + D63	16,272	17,849	18,843	19,874	17,777	18,843	19,965	21,524	18,397	19,607	20,934	21,622
	Social benefits in cash				D62	6,945	7,568	7,093	7,797	7,814	7,688	7,524	8,814	7,791	8,036	7,885	8,308
	Social transfers in kind (= individual consumption)				D63	9,328	10,281	11,750	12,077	9,963	11,155	12,441	12,710	10,606	11,571	13,049	13,315