Ireland Warns of Large Deficit if Corporate Tax Receipts Shrink

Ireland’s budget balance could fall to a deficit of nearly €30 billion ($35 billion) by 2030 under a worst-case scenario reversal of corporate tax receipts, the government warned.

The country would face an “immediate and rapidly expanding deficit” under a scenario where corporate tax revenues fall to their 2020 levels of €11.8 billion, the Department of Finance said as part of its medium-term fiscal and structural plan.

Ireland’s corporate tax receipts amounted to €29.4 billion in the first 11 months of 2025, a 15% increase on the same period last year. Income from corporate tax receipts has ...