In January 2026, Ireland collected €8.5 billion in tax revenue, representing a 0.6% increase compared to the same month in 2025. Income tax receipts reached €3.0 billion, up €30 million (1.0%), while VAT collections rose by €0.1 billion (3.3%) to €4.2 billion, reflecting strong post-Christmas consumer activity. Excise duties declined by €37 million (6.9%) to €0.5 billion, and corporation tax was minimal at €58 million, as January is traditionally a low month for these receipts.
On the expenditure side, total gross voted spending for public services and infrastructure amounted to €9.7 billion, 5.1% higher than January 2025. This included significant transfers to the Future Ireland Fund and the Infrastructure, Climate and Nature Fund, which contributed to an overall Exchequer surplus of €0.1 billion for the month, down €1.8 billion from the previous year.
Tánaiste Simon Harris and Minister Jack Chambers highlighted that while revenues have grown modestly, higher expenditure is supporting essential public services and strategic investments in infrastructure, climate, and nature projects, reflecting the government’s commitment to long-term economic and social development.
