The 2022 Irish budget was the

Irish Government The Government of Ireland ( ga, Rialtas na hÉireann) is the cabinet that exercises executive authority in Ireland. The Constitution of Ireland vests executive authority in a government which is headed by the , the head of government. The governm ...

Budget A budget is a calculation play, usually but not always financial, for a defined period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including time, costs and expenses, environmenta ...

for the 2022

fiscal year A fiscal year (or financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many ...

, which was presented to

Dáil Éireann Dáil Éireann ( , ; ) is the lower house, and principal chamber, of the Oireachtas (Irish legislature), which also includes the President of Ireland and Seanad Éireann (the upper house).Article 15.1.2º of the Constitution of Ireland read ...

on 12 October 2021 by the

Minister for Finance A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation. A finance minister's portfolio has a large variety of names around the world, such as "treasury", ...

Paschal Donohoe Paschal Donohoe (born 19 September 1974) is an Irish Fine Gael politician who has served as Minister for Public Expenditure and Reform since December 2022 and President of the Eurogroup since July 2020. He has been a Teachta Dála (TD) for the ...

, and the

Minister for Public Expenditure and Reform The Minister for Public Expenditure and Reform ( ga, An tAire Caiteachais Phoiblí agus Athchóirithe) is a senior minister in the Government of Ireland and leads the Department of Public Expenditure and Reform. The current Minister for Public ...

, Michael McGrath.

Summary

COVID-19

* Employment Wage Subsidy Scheme will remain in place, in a graduated format, until 30 April 2022 - the scheme will close to new employers from 1 January 2022.

Other

* Excise duty on a packet of 20 cigarettes rises by 50 cent, with a pro-rata increase on other tobacco products. * €520 million of income tax reductions include increasing the standard rate band by €1,500 and increasing each of the personal tax credit, employee tax credit and earned income credit by €50. * Reduced VAT rate of 9% for the hospitality sector will remain in place to the end of August 2022. * Minimum wage rises 30 cent to €10.50 per hour. * Income tax deduction amounting to 30% of vouched expenses for heat, electricity and broadband incurred while working from home. * €5 increase in main weekly welfare payments and State pension confirmed, including young jobseeker's allowance. * Weekly fuel allowance rises by €5 from midnight. * Double payment of welfare allowances at Christmas agreed - the Christmas Bonus. *

Carbon tax A carbon tax is a tax levied on the carbon emissions required to produce goods and services. Carbon taxes are intended to make visible the "hidden" social costs of carbon emissions, which are otherwise felt only in indirect ways like more sev ...

will rise by €7.50 per tonne to €41. * Petrol and diesel costs will increase from midnight. * €202 million fund for people to improve the energy efficiency of their homes in 2022. * Maternity benefit and parental leave payments to be increased by €5 per week. * 980 additional special education teachers and 1,165 additional Special Needs Assistants. * Additional 800 Gardaí and 400 civilian staff to be recruited. * Free GP care to be extended to children aged six and seven years of age. * €360 million allocated to boost Active Travel and Greenways. * €40 million to market Ireland overseas as a tourist destination.

References

External links

2022 Irish budget
at ''Irish Independent'' {{DEFAULTSORT:Irish Budget, 2022 2021 in Irish politics

2022 government budgets 2022 in Irish politics

33rd Dáil 21 October 2021 events in Ireland