The election for the 27th Dáil was held on November 25, 1992.
Albert Reynolds fought his first and only election as leader of Fianna Fáil. It was one of the worst election performances for the Party in its history. John Bruton fought his first election as leader also and fared just as badly. The Labour Party recorded its best ever result and effectively held the balance of power. Having promised before the election that it wouldn't enter into coalition with Fianna Fáil thats exactly what happened. Against all the expectations Albert Reynolds was back as Taoiseach with Dick Spring becoming Tánaiste.
Notable retirees: Two former Taoisigh, Charles Haughey and Garret FitzGerald.