Your guide to Budget 2024

This guide provides a high-level overview of Budget 2024.

It aims to explain how money will be raised and spent in 2024.

(* Payment to people getting Carer's Support Grant, Disability Allowance, Blind Pension, Invalidity Pension, Domiciliary Care Allowance (one payment per person/household)

• an increase of €2,000 in the income tax standard rate cut-off point for all earners
• €200 increase in the Incapacitated Child Tax Credit
• €100 increase in the Personal Tax Credit
• €100 increase in the PAYE Tax Credit
• €100 increase in the Earned Income Credit
• €100 increase the Home Carer Tax Credit
• €100 increase in the Single Person Child Carer Credit
• a reduction in the middle rate of Universal Social Charge (USC) from 4.5% to 4.0%
• an increase of €2,840 in the threshold at which the middle rate of USC is paid, from €22,920 to €25,760
• increase in the Rent Tax Credit from €500 to €750
• 75c Increase in Excise Duty and VAT on a pack of 20 cigarettes
• extension of VRT relief for Battery Electric Vehicles to the end of December 2025

• [link broken] for junior cycle students at post-primary level
• 1,000 new Garda and 250 Garda Staff
• restoration of maintenance grants to postgraduate students on a similar basis to undergraduates
• 400 additional military personnel
• €67 million to provide 16,000 craft apprenticeship programmes
• 10,200 new tenancies under the HAP and RAS schemes
• 20% fare reduction on public transport continued to end of 2024
• 6,400 affordable homes for sale and rent
• 6,000 new households supported through Social Housing Current Expenditure Programme
• €207 million to bring back vacant and derelict units through the voids programme and Croí Cónaithe scheme
• €12 increase in the Weekly Social Welfare Rate for working age recipients
• €12 increase in weekly payments for Pensioners
• €54 per week increase in the Working Family Payment threshold
• €4 increase in weekly rate for a [link broken]
• up to 2,000 additional staff to enhance capacity across acute and social care services
• €1 million per day invested in cycling and walking infrastructure
• €1 billion for the development, protection and renewal of our road network
• €348 million to connect a further 100,000 homes to fibre broadband
• National Childcare Scheme hourly subsidy increased from €1.40 to €2.14 effective from September 2024
• €380 million for residential and community energy schemes
• additional €50 million for school transport scheme
• over 1,216 SNAs and 744 Special Education Teachers
• extension of Child Benefit to 18 years old in full time education