Bertie Ahern is accompanied by his daughters Cecelia and Georgina at the press photo call prior to presenting his first budget.

Minister Ahern and his daughters appear outside Dáil Eireann in Dublin.

In his first budget, Minister for Finance Bertie Ahern broadened income tax bands and cut the two remaining rates to 27% and 48%. Measures were introduced to curtail employer and employee tax loopholes. The price of petrol came down 9p a gallon while the price of 20 cigarettes went up by 16p.