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Noonan to give away €400m in Budget 2017

Budget 2017 will be announced today - with a modest tax cut for every single worker. There'll also b...
TodayFM
TodayFM

6:49 AM - 11 Oct 2016



Noonan to give away €400m in B...

News

Noonan to give away €400m in Budget 2017

TodayFM
TodayFM

6:49 AM - 11 Oct 2016



Budget 2017 will be announced today - with a modest tax cut for every single worker.

There'll also be increases in welfare payments for older people after a deal late last night.

Today's Budget, which will be unveiled at 1 o'clock, will among the least dramatic of the six drafted by Michael Noonan.

He has around 400 million euro to give away, and will do it largely through cutting USC - worth half-a-percent to the vast majority of workers.

There'll also be increases in tax relief for landlords and the self-employed - and a major scheme to give tax breaks to first-time buyers, but only for new builds.

There'll also be 30 cent on the cost of cigarettes, though the other 'old reliables' will be untouched.

Paschal Donohoe's will follow at 1:45 to give his debut budget - with 800 million euro in extra spending money.

His announcements will include the biggest health budget ever, the extension of social protection benefits to the self-employed, and money for new nurses gardai and teachers.

And, as a result of a deal last night, there'll be a 5-euro increase in the pension and other payments to senior citizens, kicking in from March.



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