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

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.

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's finance minister said Wednesday $14.4 billion in Apple tax payments will be used for key infrastructure investments to support economic development, including housing, transport, electric, and water systems.

The government intends to use the money to invest in "housing, energy, water and transport infrastructure".

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,