Budget 2019 to be announced today

The Minister for Finance Paschal Donohoe is expected to reveal the details of Budget 2019 today at 1pm.

Some of the main points we know so far are:

Excise on cigarettes to increase by 50 cent.

No increase on carbon tax or excise on diesel.

The home carer tax credit is increasing by €300 and the earned income tax credit for the self employed is up by €200.

Social welfare payments will increase by €5.

Christmas bonus for social welfare recipients will be restored to a double payment.

€300 million has also been allocated to third level education for the period up to 2024.

The threshold income for families to access the highest levels of childcare support will be increased to €32,000.

Fuel allowances to be increased.

Up to 100,000 people may qualify for free GP care.

Prescription charge to be lowered by 50 cent for people aged over 70.

Overall health budget is set to be €17.2 billion.

Of that amount, 187 million will be allocated to the care of older people and people with disabilities.

€60 million will be allocated to tackling homelessness.

€300 million in an affordable housing scheme.

Capital spending on all housing will increase by €482 million to a total of €2.1 billion.

 

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