Cowen's budget sets out to reward workers with an increase in tax credits, and a widening of the tax bands.
This is Brian Cowen’s third budget and the last before next year’s election. In his opening statement, Minister for Finance, Brian Cowen attributed the success of the Irish economy to the hard work of the Irish people.
Cowen’s budget sets out to reward this effort with an increase in tax credits, and a widening of the tax bands. Economic buoyancy enabled Cowen to reduce the top rate of tax from 42% to 41%, with a promise of a further reduction to 40% the following year if the coalition government is returned to office.
The budget also marked the achievement of the promise made by Fianna Fáil to increase the old-age pension to €200. Furthermore, with a €20 increase in the weekly rate of unemployment benefit, Mr. Cowen described the budget as the biggest support package for those on low incomes in the history of the state.
Title: |
Brian Cowen Delivers His Third Budget |
Clip Duration: |
00:04:14 |
Material Type: |
Video |
Clip Title: |
Income Redistribution or Electioneering? |
Series Title: |
RTÉ News |
Information: |
A RTÉ News report by David Davin-Power. This report is introduced by RTÉ Newsreaders, Brian Dobson and Sharon Ní Bheoláin. |
Local Keywords: |
Memorable Budgets, 2007, Budget, Brian Cowen |
Coverage: |
Ireland |
Topic: |
Politics and Economics |
Contributor(s): |
David Davin Power (Reporter), Brian Dobson (Newsreader), Sharon Ní Bheoláin (Newsreader) |
Publisher: |
RTÉ |
First Broadcast Channel: |
RTÉ One |
Broadcast Date: |
06/12/2006 |
Production Year: |
2006 |
Country of Production: |
Ireland |
Original Identifier: |
BN06/340 |
IPR Restrictions: |
Rights Reserved - Free Access |
Rights, Terms and Conditions: |
Copyright RTÉ. This material may not be replicated in any form or manner without the prior express permission of RTÉ. Any form of reproduction in print, television, video, multimedia, web site or other electronic media or any form of dissemination for commercial or non-commercial use must be licensed by the RTÉ Archives. If you wish to licence video or audio clips, still images or text, or would like further guidance please contact us. RTÉ Archives are committed to respecting the copyright of others and have attempted to source and credit the copyright owners of all material used here. RTÉ would like to hear from any copyright owners who are not properly identified here so that the necessary corrections can be made. If you feel your copyright has not been respected please contact us. |
Item Type: |
part/extract |
Colour: |
Colour |
Sound: |
Mono |
Aspect Ratio: |
16:9 (widescreen) |
Language: |
English (eng) |
