The 2027 State Budget proposal forecasts a total tax revenue of €70.67 billion, an increase of €2.86 billion over 2026. While the government plans €552 million in IRS tax relief through adjustments to tax bands and allowances, overall tax intake is expected to rise due to higher VAT receipts and taxes on tobacco and petroleum products.
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The draft 2027 State Budget proposes a reduction in total infrastructure investment to €843 million. Rail investment is set at €736 million, including high-speed projects and airport links, while road investment will decrease significantly to €107 million compared to €229 million in 2026.
The Minister of Finance has finalized the 2027 State Budget proposal ahead of the official deadline for its delivery.
New IRS tax rates for the first six brackets include cuts between 0.3 and 0.5 percentage points. For a monthly gross income of 1,000 euros, this represents an annual tax saving of 12.10 euros compared to current rates.