FX.co ★ Irish Exchequer Swings to €1.8 Billion Deficit in February 2026

Ireland’s Exchequer position moved sharply into deficit in February 2026, with the balance recorded at -€1.8 billion, according to the latest figures updated on 4 March 2026. This marks a significant deterioration from January 2026, when the Exchequer stood at a positive €0.1 billion.

The reversal underscores a substantial month-on-month shift in the State’s public finances between January and February. While detailed drivers behind the move were not disclosed in the data provided, the headline figures point to a notable weakening of the Exchequer’s cash position early in the year.

Investors and policymakers will be watching upcoming months’ returns closely to determine whether February’s shortfall reflects one-off factors or signals the beginning of a more sustained trend in Ireland’s fiscal performance in 2026.