Roxetten
Full Member
The largest budget in the state's history.
Paschal is on his feet right now.
What a time to be alive.
The Package - In the region of €20 billion - of that €14bn has already been earmarked, in particular for Covid-19 supports.
Economy - A €3bn- €5bn kickstart which will provide an additional stimulus to the economy against the dual threats of Covid-19 and Brexit, specifically aimed at businesses that have been affected by the pandemic and who may be affected in a hard Brexit scenario.
Taxes - income tax, USC and PRSI expected to remain untouched Commercial rates waiver - likely to be extended into 2021.
Health - an additional €3.5bn to respond to the Covid crisis and try to re-establish normal levels of service. €1.5bn for new beds and staff. Money for new ICU beds, as well as thousands of new staff and a €1.3bn investment in testing and tracing as part of the Covid-19 response.
Tobacco - the cost of 20 cigarettes to go up by as much as 50 cent.
Social Welfare - The core rates of social welfare are due to be protected. Unlikely to be any increases for the pension or jobseekers.
PUP - likely to be restored to the €350 rate though altered to allow self-employed to earn €480 a month through their work, while still claiming the payment, as well as three weeks paid parental leave on top of the existing two weeks.
Christmas bonus - One week bonus will be available to 400,000 people in receipt of the PUP and jobseeker's payment.
Housing - Continuation of the Help-to-Buy scheme, a new affordable housing plan and significant investment to fund directly-built homes. Expected that 12,750 new homes will be added to the social housing stock, the majority of which will be built and the rest acquired.
Environment - Carbon tax to be raised by €7.50 per tonne and spending on greenways will rise to €50m. The cost of filling a 60 litre tank of diesel will go up by almost €1.50 while for petrol it will be around €1.30.
Education - a 5% increase in its core spend, which will translate to 2,000 new posts - around 990 extra special-needs assistants (SNAs), 400 more special-education teachers and approximately 600 mainstream teachers across primary and secondary schools.
Arts - Grants of up to €10,000 for music and theatre venues.
Hospitality sector - to get a cut in the Vat rate from 13.5% back down to 9%.
Deficit of €20.5bn forecast for 2021.
Total loss of 320,000 jobs in 2020 with a recovery of 155,000 jobs next year.
€1.5bn rainy day fund to be fully utilised.
The Government is hoping to secure €2.5bn from the EU to fund the Temporary Wage Subsidy Scheme.
Some €270m in tax hikes coming our way.
Carbon tax on petrol and diesel to go up from midnight.
The carbon tax on other fuels to go up from May.
Paschal is on his feet right now.
What a time to be alive.
The Package - In the region of €20 billion - of that €14bn has already been earmarked, in particular for Covid-19 supports.
Economy - A €3bn- €5bn kickstart which will provide an additional stimulus to the economy against the dual threats of Covid-19 and Brexit, specifically aimed at businesses that have been affected by the pandemic and who may be affected in a hard Brexit scenario.
Taxes - income tax, USC and PRSI expected to remain untouched Commercial rates waiver - likely to be extended into 2021.
Health - an additional €3.5bn to respond to the Covid crisis and try to re-establish normal levels of service. €1.5bn for new beds and staff. Money for new ICU beds, as well as thousands of new staff and a €1.3bn investment in testing and tracing as part of the Covid-19 response.
Tobacco - the cost of 20 cigarettes to go up by as much as 50 cent.
Social Welfare - The core rates of social welfare are due to be protected. Unlikely to be any increases for the pension or jobseekers.
PUP - likely to be restored to the €350 rate though altered to allow self-employed to earn €480 a month through their work, while still claiming the payment, as well as three weeks paid parental leave on top of the existing two weeks.
Christmas bonus - One week bonus will be available to 400,000 people in receipt of the PUP and jobseeker's payment.
Housing - Continuation of the Help-to-Buy scheme, a new affordable housing plan and significant investment to fund directly-built homes. Expected that 12,750 new homes will be added to the social housing stock, the majority of which will be built and the rest acquired.
Environment - Carbon tax to be raised by €7.50 per tonne and spending on greenways will rise to €50m. The cost of filling a 60 litre tank of diesel will go up by almost €1.50 while for petrol it will be around €1.30.
Education - a 5% increase in its core spend, which will translate to 2,000 new posts - around 990 extra special-needs assistants (SNAs), 400 more special-education teachers and approximately 600 mainstream teachers across primary and secondary schools.
Arts - Grants of up to €10,000 for music and theatre venues.
Hospitality sector - to get a cut in the Vat rate from 13.5% back down to 9%.
Deficit of €20.5bn forecast for 2021.
Total loss of 320,000 jobs in 2020 with a recovery of 155,000 jobs next year.
€1.5bn rainy day fund to be fully utilised.
The Government is hoping to secure €2.5bn from the EU to fund the Temporary Wage Subsidy Scheme.
Some €270m in tax hikes coming our way.
Carbon tax on petrol and diesel to go up from midnight.
The carbon tax on other fuels to go up from May.
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