Budget balance in Ireland in relation to gross domestic product (GDP) 2029

The budget balance in relation to the GDP in Ireland was forecast to continuously decrease between 2024 and 2029 by in total 3.7 percentage points. According to this forecast, in 2029, the budget balance will have decreased for the fifth consecutive year to 0.08 percent.
The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

Find more statistics on other topics about Ireland with key insights such as the total population, ratio of the national debt to the gross domestic product, and the ratio of government expenditure to the gross domestic product.