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Publication

The Budget

Published: 8 October 2019
From: Department of Finance and Department of Public Expenditure and Reform

Introduction

Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD, presented his Budget to the Dáil on 8 October 2019.

Below is an overview of some of the main changes announced in the Budget.

For further information on Budget 2020 and previous Budgets visit http://budget.gov.ie/Budgets/2020/2020.aspx.

Social Welfare Payments

  • Christmas bonus payment of 100% for all social welfare recipients in 2019
  • Qualified Child Payment increased by a further €3 for over 12s and €2 for under 12s
  • Fuel Allowance increased by €2 per week
  • Living Alone Allowance increased by €5
  • €15 increase for the One Parent Family Payment and Jobseeker Transition income disregards
  • €10 increase for the Working Family Payment income threshold

Tax Adjustments

  • Earned Income Tax Credit for the self-employed increased by a further €150, making it €1,500 per year
  • Increase of €100 to the Home Carer Tax Credit, making it €1,600 per year

Housing

  • Extending Help to Buy to the end of 2021
  • Living City initiative extended to end 2022

Brexit

  • Deal or No Deal, €200 million will be available next year for staffing and infrastructure needs
  • In the event of a No Deal, €650 million in contingency funding will be made available to support affected sectors. €220 million will be released immediately

Health

  • Free GP care to under 8s
  • Monthly threshold for the Drug Payment Scheme is being reduced by €10 and increasing medical card income thresholds by €50 for a single person or €150 for a couple over 70
  • Phased provision of free dental care for children under 6
  • 50c increase in excise on cigarettes

Climate Change

  • Increase in carbon tax from €20 to €26 per tonne – auto fuels increase on Budget day, other fuels delayed until May 2020
  • Diesel rebate scheme for hauliers
  • 1% diesel surcharge replaced with Nitrogen oxide emissions-based charge
  • Extension of BIK zero rate on electric vehicles and VRT reliefs for hybrids
  • Equalising electricity tax rates for business and non-business

Minister's Statement

For full details on the changes announced in Budget 2020, see the Minister's statement.