Minister Finalizing Plans For...

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Minister Finalizing Plans For COVID & Brexit Focused Budget

Niall Colbert
Niall Colbert

12:36 PM - 12 Oct 2020



Ministers are meeting this lunchtime to finalise the details of tomorrow's budget.

COVID, Brexit and getting people back to work will be the main issues for Budget 2021.

It's understood there will be as much as €4 billion of an increase in the Department of Health's budget.

That will be aimed at COVID but also non-covid healthcare including hundreds of additional hospital beds.

An overall 'super-fund' of between €4 billion and €5 billion will be set aside to deal with Brexit and COVID.

There will be targeted financial supports for businesses who've had to close as well as the entertainment industry.

There will also be a cut in the VAT rate for tourism and hospitality businesses.

That's set to drop to 9%.

Housing will get a big focus through the planned affordable housing scheme and an extension of the help-to-buy scheme.

Carbon taxes will increase by €7.50 a tonne.

That will result in people paying more for petrol, diesel and home heating.

A €300 million home retrofit scheme will also be launched.



Read more about

Brexit Budget Covid Health

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