PBO Analysis: Budget 2027 Keeps Pace with 2027 Price and Wage Growth
What happened
The Parliamentary Budget Office released an analysis supporting the scrutiny of Budget 2027 by the Oireachtas. The analysis found that Budget 2027 broadly aligns with expected inflation and wage growth for that year. However, the cumulative effect of Budgets 2026 and 2027 estimates average household income to be 0.6 per cent below a price-indexed benchmark.
From oireachtas.ie
Why it matters
The analysis indicates that while lower-income households benefit most from social welfare measures, middle- and higher-income households gain more from income tax changes. The findings provide independent input for the Oireachtas as it reviews the government's budgetary plans for Ireland.
The Parliamentary Budget Office advises on economic and budgetary matters.
From oireachtas.ie
Who's involved
- Parliamentary Budget OfficeProvided independent analysis to support legislative scrutiny.
- OireachtasThe parliament that uses the analysis to scrutinize budgets.
- IrelandThe sovereign state where the Oireachtas operates.
Keep exploring
The entities involved
- Parliamentary Budget Office
-
Oireachtas
parliament of the Republic of Ireland