ieExplains: What happens on Budget Day and how can you follow our coverage?
Public Expenditure Minister Paschal Donohoe and Finance Minister Michael McGrath. Picture: Sam Boal / RollingNews.ie
Budget Day is one of the most important in the Government calendar as the ministers for finance and public expenditure outline spending for the year ahead.
It will break down how much money the Government has to spend, and what it decides to spend it on.
Finance Minister Michael McGrath will take to his feet in Dáil Éireann at around 1pm to deliver the Budget Statement.
Then, Public Expenditure Minister Paschal Donohoe who will offer up the Expenditure Report — the Government's decisions on spending allocations.
You will be able to see the speeches live on IrishExaminer.com.
We already know that Budget 2024 is likely to benefit working families, pensioners, and carers, among others.
People can expect:
- Social welfare increases of around €12;
- A double child welfare payment before Christmas;
- Free schoolbooks for pupils in secondary school up to Junior Cycle;
- Mortgage interest relief capped at between €1,250 and €2,000;
- Changes to entry threshold of higher rate of income tax from €40,000 to €42,000;
- Energy credits will be between €400-€450.
IrishExaminer.com will feature a live rolling story where you can watch the budget speeches in the Dáil and get updates all day.
Check out news and analysis on our Budget 2024 homepage, which you can find here.
Listen to our Budget 2024 podcast to find out how the budget impacts you.
To subscribe to IrishExaminer.com, gain access to our ePaper or to avail of our home delivery service, click here.
