Budget 2025 Ireland

Budget 2023: What to Expect

Ireland's Economic Outlook

Ireland's economy is expected to continue to grow in 2023, albeit at a slower pace than in recent years. The government is forecasting GDP growth of 4.3%, down from 5.4% in 2022. This slowdown is due to a number of factors, including the war in Ukraine, rising inflation, and the global economic slowdown. Despite the slowdown, Ireland's economy is expected to remain strong in 2023. The country's unemployment rate is at a record low, and consumer spending is expected to remain healthy. The government is also planning to increase spending on infrastructure and public services.

Key Measures in Budget 2023

The government has announced a number of key measures in Budget 2023, including: * A €1 billion package of measures to help people with the cost of living, including tax cuts, welfare increases, and energy subsidies. * A €6 billion investment in infrastructure, including roads, bridges, and public transport. * A €4 billion increase in spending on public services, including healthcare, education, and childcare.

Reaction to Budget 2023

Reaction to Budget 2023 has been mixed. Some have welcomed the government's focus on helping people with the cost of living. Others have criticized the government for not doing enough to address the housing crisis. Overall, Budget 2023 is a balanced budget that will help to support the Irish economy in 2023. The government has taken steps to help people with the cost of living, invest in infrastructure, and increase spending on public services.

What to Expect in the Future

The Irish economy is expected to continue to grow in the coming years. The government is committed to reducing the deficit and debt, and to investing in sustainable economic growth. The future of the Irish economy is bright.