Happy Budget Day

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Happy Budget Day

Kim Buckley
Kim Buckley

7:39 AM - 13 Oct 2020



Covid-19, Brexit and housing will be the main focus of Budget 2021 which will be announced this afternoon.

Billions of euro in additional spending is expected as part of the largest budget in the history of the state and the first of this coalition government.

One of the last measures agreed was to give some 400,000 social welfare recipients a Christmas bonus at a cost of 350 million euro, as long as they've been on the payment for a total of 4 months this year.

Health is to get an extra 4 billion euro to spend between Covid and other healthcare including extra beds and ICU capacity.

There will be a multi-billion euro fund including targeted supports for businesses that have been forced to shut because of Covid and the live entertainment industry.

At least 500 million euro will be given to the Department of Housing which will tell local authorities to directly build social housing.

There will be money for affordable housing and the help-to-buy scheme is being retained at the higher 30,000 euro rate.

Carbon taxes are going up by 7.50 a tonne which will mean it will cost 1.47 extra to fill a tank of diesel and 1.28 for a tank of petrol.

A bag of coal will cost 90c more and a bale of briquettes 20c more.

Motor tax and VRT are also set to rise for high polluting vehicles.

The cost of a pack of cigarettes will go up 50c but alcohol is expected to be left alone.

Income tax rates are also not going to change under the first budget of this coalition government.

Reporting by Sean Defoe



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Brexit Budget Day Covid-19

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