Irish Budget, 2011
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The 2011 Irish Budget refers to the delivery of a government budget by the
Government of Ireland The Government of Ireland () is the executive (government), executive authority of Republic of Ireland, Ireland, headed by the , the head of government. The government – also known as the cabinet (government), cabinet – is composed of Mini ...
on 7 December 2010. It was also the fourth and final overall budget to be delivered by
Fianna Fáil Fianna Fáil ( ; ; meaning "Soldiers of Destiny" or "Warriors of Fál"), officially Fianna Fáil – The Republican Party (), is a centre to centre-right political party in Ireland. Founded as a republican party in 1926 by Éamon de ...
's Brian Lenihan as Minister for Finance. The budget for 2011 occurred in the context of a major recession, which followed the Irish financial crisis. The budget was described as the most draconian budget in the history of the State, with €6bn worth of savings.


Main points

This is a list of the main points contained in the 2011 Budget. *No reduction in state pension. *€10 reduction in Child Benefit rates. *€8 cut for social welfare, jobseekers payments. *4c on petrol, 2c on diesel from midnight. *Revised air travel tax of €3 from March 2011. *€40 payment for fuel allowance recipients. *New minimum wage not in tax net. *Public service pay will not be cut *Public sector salary capped at €250k *Public service pensions over €12k cut 4% *Taoiseach salary cut by €14k; ministers by €10k *Next President's salary to be capped at €250,000 *Employee PRSI/health levy pension relief gone *Income/health levies to be replaced by single universal social charge. Rates on the charge will be 0% below €4,004 a year, 2% up to €10,036, 4% from €10,036 to €16,016 and 7% above this level *Pension contributions subject to PRSI and Universal Social Charge *Employee PRSI contribution ceiling removed *Increase in the PRSI rate for the self-employed, higher earning public servants and office holders *1% tax on residential transactions up to €1m; 2% over €1m *All stamp duty exemptions abolished *Car scrappage extended for six months *No change to Ireland's corporation rate *Value of tax bands and credits to be reduced by 10% *DIRT increased by 2% *Online betting will be subject to the same betting duty as in bookie shops *Carer's Allowance for those under 66 to be cut by €8 to €212 a week *Disability Allowance being cut by €8 to €186 a week *Business Expansion Scheme to be revamped *15,000 activation places for unemployed *Third-level student charges are to rise by €500 to €2000 *Student grants are to be cut by 4% *New passport fees for over 65s


References


External links


Irish Government Budget 2011 website
{{DEFAULTSORT:Irish Budget, 2011 2010 in Irish politics 2011 in Irish politics
Budget A budget is a calculation plan, usually but not always financial plan, financial, for a defined accounting period, period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including tim ...
Budget A budget is a calculation plan, usually but not always financial plan, financial, for a defined accounting period, period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including tim ...
2011 government budgets 30th Dáil 11