Your SlideShare is downloading. ×
0
Budget 2012
Budget 2012
Budget 2012
Budget 2012
Budget 2012
Budget 2012
Budget 2012
Budget 2012
Budget 2012
Budget 2012
Budget 2012
Budget 2012
Budget 2012
Budget 2012
Budget 2012
Budget 2012
Budget 2012
Budget 2012
Budget 2012
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Budget 2012

3,866

Published on

A summary of Budget 2012.

A summary of Budget 2012.

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
3,866
On Slideshare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
9
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Minister for Finance Michael NoonanMinister for Public Spending & Reform Brendan Howlin
  • 2.  Public Sector Social Welfare Education Transport Health Environment Enterprise Justice
  • 3.  €400m savings in Public Sector pay bill by 2013 10pc cut in overtime 5pc cut in allowances Reduced allowances and secretarial support for former Taoisigh Limited recruitment across public sectorEconomic impact?? Merit goods!
  • 4.  €250 increase in college registration ( €2,250). This will create an additional €18.5m per annum in revenue. Primary school transport increase to €100 Back-to-school clothing allowance for under-4 abolished. Reduced by €50 for primary and post-primary ( yield €30m) School Capitation down 2pc €30m investment for training initiatives for unemployed 950 teaching jobs to go (700 post-primary)
  • 5.  Threshold of drugs payment scheme to increase to €132 Charges for private beds in public hospitals to rise ( health insurance increase!!!) Free GP for long-term illness 2pc cut in disability, mental health and children services Reduction in use of agency staff Prescription charge to remain (50c)
  • 6.  Weekly social welfare payments unchanged Child benefit for first and second child unchanged- reduced from €167 to €148 for third child and from €177 to €160 for fourth plus Rent supplement change- pay €30 per week up from €24 Fuel allowance paid for 26 weeks not 32 weeks Disability payments down by 50pc for young people. Part time job seekers down 20pc ( saves € 5.9m) Economic impact??
  • 7. Household charge €100 from January 1stWaived for those on mortgage assistance and living in unfinished housing estates
  • 8.  31 Garda stations to close Garda budget cut by €79m
  • 9.  Income tax rates and bands unchanged at 20% and 41% Higher rate of VAT increased to 23% USC- exemption raised to €10,036 Carbon tax from €15 per tonne to €20 per tonne - petrol up 1.4c -diesel up 1.6c -€17.32 on oil -€14.46 on gas -no change on solid fuels
  • 10.  Cigarettes up 25c per pack of 20 Alcohol unchanged (legislation planned on low cost alcohol) Motor Tax changes from January 1st: Band A up €56 to €160 Band B up €69 to €225 Band C up €28 to €330
  • 11.  Capital Acquisitions tax up from 25pc to 30pc Capital gains tax up 25pc to 30 pc DIRT tax up 27pc to 30pc (discourage leakage of savings) Corporation tax unchanged at 12.5pc
  • 12.  30% relief buyers 2004-2008 25% first time buyers 2012 15% for non first time buyers
  • 13.  Gambling legislation to be introduced for online betting Research and development expenses of €100,000 can be used as a tax credit
  • 14. Forecast GDP 1.3 % growth for2012
  • 15. Currently over 14%unemployment

×