Budget 2024

Tuesday, 10 October 2023 15:19

By Clem Ryan

€7.6 billion overall in spending and cost of living measures.

The average worker will be 780 euro better off after a number of income tax measures were announced by MIchael McGrath.

The higher rate of income tax entry point will go up to 42 thousand, while there are cuts to USC.

A packet of cigarettes will go up by 75 cents, while petrol and diesel will go up by 2.1 and 2.5 cents respectively due to an increase in carbon tax

5.3 billion has been committed in spending, along with 2.3 billion euro cost of living package

However the overall health spending of 22.5 billion is down from last year's total budget of 23.4 billion.

There is yet to be any clarification on what will happen with the 7 billion euro housing fund, other than what has already been announced through Housing For All.

Childcare casts will be cut by a quarter from next year, there will be 1000 new Gardai and a 12 euro weekly increase in core social welfare rates.

1.23 billion euro for the Defence sector.

There will be funding for 400 more military personnel, including in cyber security

1.9 billion euro in funding for the Department of Agriculture Food and the Marine has been announced.

The Government has provided funding for up to 1,000 members of An Garda Síochana, as well as 250 civilian staff in specialist roles.

1000 Gardaí and up to 250 civilian staff in specialist roles to be hired in An Garda Siochana

Public Expenditure Minister Paschal Donohoe says there will also be a 25 million euro increase to the Garda overtime budget

380 million euro to residential and community energy schemes.

1.35 billion for the development, protection and renewal of roads network

1.9 billion euro for the Department of Agriculture