Dáil Éireann Debate, Tuesday - 26 May 2026
179. Deputy Albert Dolan asked the Tánaiste and Minister for Finance the level of fiscal space currently available to respond to a potential energy-driven cost-of-living shock; whether provision has been made for additional supports if required; and if he will make a statement on the matter. [26600/26]
View answerThis Government is acutely aware of the challenges people are facing as a result of energy price shock and has acted with supports worth over €750 million to help insulate households and businesses from the worst impacts of rising costs.
The capacity to respond in a timely and targeted way to help with this energy price shock is a result of solid budgetary management in recent years. My Department recently forecast a General Government surplus for 2026 of just over €9 billion. This reflects that we continue to make transfers to the Future Ireland Fund and Infrastructure, Climate and Nature Fund. The economy is forecast to continue to grow, albeit at a slower pace than previously forecast due to the conflict in the Middle East, which remains highly fluid and uncertain.
We have demonstrated that we stand ready to adjust our response, as the situation requires, while also ensuring our approach to overall budgetary policy remains balanced and sustainable in the medium-term. The Government remains committed to the fiscal strategy set out in the Medium-Term Fiscal and Structural Plan.
