2024 Irish budget
The 2024 Irish budget was the Irish Government Budget for the 2024 fiscal year, which was presented to Dáil Éireann on 10 October 2023 by Minister for Finance Michael McGrath, and the Minister for Public Expenditure, National Development Plan Delivery and Reform Paschal Donohoe.[1]
| Presented | 10 October 2023 |
|---|---|
| Parliament | 33rd Dáil |
| Government | 33rd Government of Ireland |
| Party | |
| Minister for Finance | Michael McGrath (FF) |
| Minister for Public Expenditure, National Development Plan Delivery and Reform | Paschal Donohoe (FG) |
| Website | Budget 2024 |
‹ 2023 2025 › | |
Summary
Cost of living
- Three €150 energy credits for every household – due to be received between the end of 2023 and April 2024
- Fuel allowance recipients receive winter lump sum of €300
- Living alone allowance recipients to get €200 winter lump sum
- Categories including disability allowance, carer's support to get €400 winter lump sum
- Double week pay of all weekly welfare schemes in January
- 9% reduced VAT rate for gas and electricity extended for another year
Other
- Minimum wage increased to €12.70
- Weekly payments for working age recipients and pension payment increased by €12
- Double payment of Child Benefit before Christmas.
- The extension of child benefit in respect of children aged 18 in full-time education
- Employee PAYE and earned income tax credits increased by €100 each
- Packet of 20 cigarettes up by 75c, bringing the total price to €16.75
- Tax on vaping products to be introduced in Budget 2025
- 25% reduction in weekly childcare fees from September 2024
- Free books scheme extended to all Junior Cycle pupils
- One-off reduction in student contribution fee by €1,000 for free fees students
- One-off 33% reduction for contribution fee for higher education apprentices
References
- Reddan, Fiona (5 September 2023). "Budget 2024: What measures will we see - from tax and childcare cuts to electricity credits?". The Irish Times. Retrieved 10 September 2023.
- Nugent, Ryan (10 October 2023). "Budget 2024: From cost of living to housing, tax breaks and cigarettes – everything you need to know". Irish Independent. Retrieved 10 October 2023.
- "At a glance: Here are the key points from Budget 2024". RTÉ News. 10 October 2023. Retrieved 10 October 2023.
- Horgan-Jones, Jack (10 October 2023). "Budget 2024 main points". The Irish Times. Retrieved 10 October 2023.
- "ieExplains: Here's everything you need to know about the budget". Irish Examiner. 10 October 2023. Retrieved 10 October 2023.
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