2024 Irish Budget
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The 2024 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 2024
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 10 October 2023 by
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", ...
Michael McGrath, and the
Minister for Public Expenditure, National Development Plan Delivery and Reform The Minister for Public Expenditure, National Development Plan Delivery and Reform ( ga, An tAire Caiteachais Phoiblí, Seachadta ar an bPlean Forbartha Náisiúnta, agus Athchóirithe) is a senior minister in the Government of Ireland and lead ...
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 ...
.


Summary


Cost of living

* Three €150 energy credits for every household – due to be received between the end of 2023 and April 2024 * Fuel allowance recipients receive winter lump sum of €300 * Living alone allowance recipients to get €200 winter lump sum * Categories including disability allowance, carer's support to get €400 winter lump sum * Double week pay of all weekly welfare schemes in January * 9% reduced VAT rate for gas and electricity extended for another year


Other

* Minimum wage increased to €12.70 * Weekly payments for working age recipients and pension payment increased by €12 * Double payment of Child Benefit before Christmas. * The extension of child benefit in respect of children aged 18 in full-time education * Employee PAYE and earned income tax credits increased by €100 each * Packet of 20 cigarettes up by 75c, bringing the total price to €16.75 * Tax on vaping products to be introduced in Budget 2025 * 25% reduction in weekly childcare fees from September 2024 * Free books scheme extended to all
Junior Cycle Junior Cycle ( ga, An tSraith Shóisearach ) is the first stage of the education programme for post-primary education within the Republic of Ireland. It is overseen by the State Examinations Commission of the Department of Education, the State ...
pupils * One-off reduction in student contribution fee by €1,000 for free fees students * One-off 33% reduction for contribution fee for higher education apprentices


References

{{DEFAULTSORT:Irish Budget, 2024 2023 in Irish politics
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 ...
2023 government budgets 33rd Dáil 24