Ireland will hand voters billions of euros of tax cuts and spending increases and outline plans to use a whopping Apple back tax windfall to improve the country's creaking infrastructure in Tuesday's bumper pre-election budget.

Ireland’s government is about to present a giveaway budget to woo voters as it takes advantage of a financial position that’s the envy of many European countries.

Ireland’s government on Tuesday outlined how it intends to deploy more than $14 billion in back taxes from Apple.

Now that the EU's ruling on Apple's back taxes in Ireland is final, the country's government says the $14 billion could be "transformational."

Ireland plans to invest the 14 billion euros ($15.5 billion) that Apple has been ordered to pay in back taxes into housing, energy, water and transport infrastructure, Finance Minister Jack Chambers told parliament on Tuesday.

Earlier this month, Apple was ordered to pay €14bn in back taxes to Ireland, following a long-standing legal battle with the European Commission. The unexpected financial windfall is set to play a crucial role in Ireland’s infrastructure development,