Posts Tagged: budget

Ireland was a net contributor to the EU budget in 2018

Ireland was a net contributor to the EU budget in 2018 Ireland was a net contributor to the European Union budget to the tune of €315m in 2018, according to the latest report by the EU’s financial watchdog. The sum represents an increase from €173m in 2017 and €181m in 2016. However, officials expect Ireland’s… Read more »

Donohoe says absolutely no surprises in Budget 2020

Donohoe says absolutely no surprises in Budget 2020 The Minister for Finance has said there will be “absolutely no surprises” in the Budget to be outlined this afternoon. Speaking as he arrived at the Department of Finance this morning, Paschal Donohoe said all of the main features of Budget 2020 are well known. He said… Read more »

Consumer sentiment falls to 6 year low on Brexit fears

Consumer sentiment falls to 6 year low on Brexit fears Consumer sentiment here fell to a six-year low last month, the third month in a row in which it has fallen. According to the KBC Bank Ireland Consumer Sentiment Index, Brexit uncertainty continues to drive people’s confidence in the economy and their personal finances lower…. Read more »

Economy on course for over €600m surplus

Economy on course for over €600m surplus The Government’s pre-Budget White Paper shows the economy is on course to deliver a surplus this year of €609 million. The White Paper also shows another significant overrun on corporate tax receipts, which are €800m higher than forecast at the start of the year. The White Paper is… Read more »

Blanket social welfare increase in Budget ruled out

Blanket social welfare increase in Budget ruled out Discussions are continuing between Government departments throughout the weekend ahead of Tuesday’s Budget. There is a particular focus on the Department of Social Protection, where an across the board increase in social welfare payments has been ruled out. Instead any rise in payments is set to be… Read more »

Govt should consider supplementary Budget to respond to Brexit – ESRI

Govt should consider supplementary Budget to respond to Brexit – ESRI The Economic and Social Research Institute has said the Government should consider a supplementary Budget in the New Year to respond to Brexit. Next month’s Budget will be drawn up on a “disorderly Brexit” scenario. In its latest Quarterly Economic Commentary, the think-tank warns… Read more »

Small firms need UK-style tax breaks to ‘fight back’, compete post-Brexit – Dublin Chamber

Small firms need UK-style tax breaks to ‘fight back’, compete post-Brexit – Dublin Chamber BUDGET 2020 must help small, indigenous companies to compete with a “more attractive” UK, chambers of commerce leaders told an Oireachtas committee yesterday. Dublin Chamber chief executive Mary Rose Burke, whose organisation represents more than 1,300 businesses, said capital gains tax… Read more »

IFAC urges Budget caution over Brexit, global risks

IFAC urges Budget caution over Brexit, global risks The Irish Fiscal Advisory Council has urged the Government not to rely on surges in corporation tax to cover spending overruns. In its pre-Budget statement, the economic watchdog has said the Government should be cautious because of the risks associated with Brexit and a “worsening outlook” in… Read more »

Help-to-Buy may cut higher value homes in Budget overhaul

Help-to-Buy may cut higher value homes in Budget overhaul The Help-to-Buy scheme could return in October’s Budget but in a heavily capped form that would essentially exclude Dublin homes, the Sunday Independent has learned. Finance Minister Paschal Donohoe plunged the future of the scheme into uncertainty when he refused to confirm that it would continue… Read more »