The €8.65bn budget contains €7bn in additional spending and €1.65bn in tax measures.
Infrastructure
€4.2bn is earmarked for National Development Plan projects such as Dublin’s DART+ rail system, Cork Area Commuter Rail and the nationwide BusConnects programme, plus road projects like the Galway Ring Road and the M28 from Cork to Ringaskiddy.
€6bn will be spent between 2027 and 2030 to progress MetroLink, the country’s first high-capacity, automated underground railway.
The CIOB wants to see the investment accompanied by sufficient capacity in delivery agencies. Planning, procurement and coordination must also be improved to reduce delays in major projects.
Housing
€3bn will be spent on building 11,250 social homes and €1m will go toward starter homes and affordability measures.
The Help to Buy maximum tax refund will be increased from €30,000 to €35,000 for first-time buyers.
The CIOB says it does not support the Help to Buy expansion as a long-term solution to the challenges of housing supply and affordability because demand-side stimulus can increase purchasing power in a market where supply remains constrained, without addressing underlying barriers to delivery.
The CIOB has previously called for improvements to the early stages of the development process, such as land acquisition and preparation, infrastructure provision and the activation of viable development sites.
“Increasing the Help to Buy limit may provide additional support to individual buyers, but it does not address the underlying constraints affecting housing delivery,” said Joseph Kilroy, CIOB’s policy and public affairs manager for Ireland.
Sustainability
€650m will go towards solar energy, battery storage and boiler upgrades through the Sustainable Energy Authority of Ireland.
The CIOB welcomed this but expressed concerns about the government’s decision to reduce carbon tax on heating oil and natural gas to 2023 levels for the rest of its time in office.
Joseph Kilroy said this “raises questions about the consistency of fiscal policy with Ireland’s climate ambitions”.
“Ireland needs a long-term approach which both protects households from energy costs and accelerates the transition away from fossil fuels,” he said.
The CIOB continues to call for changing VAT rules to incentivise renovation, retrofit and reuse over demolition.
Education, skills and research
Over three years, €150m from the National Training Fund will be spent on reskilling and upskilling in AI.
CIOB notes that apprenticeships, technical education and workforce development need sustained funding, and that skills investment should be embedded in the wider programme to ensure sufficient capacity.
Kilroy concludes: “Overall, Budget 2027 provides a significant opportunity to translate Ireland’s strong fiscal position into long-term improvements to the built environment, particularly national infrastructure. The focus now must be on delivery, productivity and ensuring that investment produces sustainable, high-quality places for people to live and work.”
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