The Tánaiste joined Public Expenditure Minister Jack Chambers as they jointly published the Government’s Summer Economic Statement on Wednesday.

The Tánaiste, who is also the Finance Minister, was speaking ahead of the publication of the summer economic statement.

The budgetary watchdog said the proportion of corporation tax receipts spent by the Government had risen from 60% to almost 90%.

The State has collected record levels of tax each year since 2021, mainly due to huge increases in corporate receipts

Booming corporate tax receipts could grow further in 2025 and 2026, the Irish Fiscal Advisory Council said