Budget 2024

The ERF has said the work permit and visa system needs further simplification and reform, to address skills shortages.

ERF: Investment needed to build labour market skills

The Employment and Recruitment Federation is calling for employment taxes that attract and reward workers, as part of its Budget submission.

Business • 31 Aug 23

Wind Energy Ireland warns that Budget 2024 will be the last opportunity to put in place the resources and expertise needed to achieve 2030 climate targets.

Budget: Wind Energy Ireland urges energy projects plan

Wind Energy Ireland has called on the Government to give the planning system the resources it needs to help accelerate renewable energy projects and to establish a National Climate Emergency Communications Unit.

Business • 22 Aug 23

"We do recognise that the cost of living is such a challenge for so many," said Minister Donohoe

Budget cannot add to inflationary pressures - Donohoe

The budget will help people with the rising cost of living, but cannot add to existing inflationary pressures, according to the Minister for Public Expenditure Paschal Donohoe.

Business • 10 Aug 23

Figures from the Central Bank yesterday show that the average interest rate on new mortgages rose from 3.84% in May to 4.04% in June

Varadkar: Govt not ruling out help for mortgage holders

Taoiseach Leo Varadkar has said that the Government has not ruled out doing something to help struggling mortgage holders, adding that any potential measures aimed at helping them would be very targeted.

Business • 10 Aug 23

This year's Tax Strategy Group paper on income tax included a discussion on refundable tax credits

Budget 2024: Will Government introduce third tax rate?

As the Tax Strategy Group papers are published, RTÉ's Economics Correspondent Robert Shortt considers the Budget options on the table and whether tinkering with Ireland's complicated tax system is the best choice.

Analysis and Comment • 22 Jul 23

Paschal Donohoe, the Minister for Public Expenditure and Reform

Capital spending up 34% so far this year - Donohoe

The Minister for Public Expenditure and Reform Paschal Donohoe said the Finance Minister is examining ways in which some corporate tax receipts could be used to insulate and protect spending in the future from the ups and downs of the economy.

Business • 11 Aug 23

Electricity tax is currently applied to supplies of electricity at a rate of €1 per Megawatt hour (MWh) for business and non-business uses.

New electricity tax could replace fossil fuel revenue

New taxes on electricity could be used to contribute to alternative revenue streams that may be required to replace fossil fuel revenues in the future, the Tax Strategy Group has suggested.

Business • 18 Jul 23

VAT on construction services in Ireland is already at a reduced rate of 13.5%.

VAT reduction on construction services considered

The Tax Strategy Group has considered reducing VAT on construction services and materials as part of the government's housing policy.

Business • 18 Jul 23

The Tax Strategy Group's report on corporation tax argues the benefits of establishing a long-term public savings vehicle would be two-fold.

Strong case for longer-term savings vehicle

There is a strong case for establishing a longer-term savings vehicle to bridge the gap between today's temporarily strong revenue from corporation profit tax and tomorrow's forecasted permanently strong expenditure requirements.

Business • 18 Jul 23

The Tax Strategy Group is comprised of officials and advisors from across different government departments.

TSG examines proposals to scrap PRSI min wage threshold

The Tax Strategy Group paper on Pay Related Social Insurance (PRSI) examines proposals to scrap the minimum wage threshold for paying PRSI as well as abandoning the lower employer PRSI rate.

Business • 18 Jul 23

The social protection paper also forecasts that were the monthly rate of Child Benefit to increase by €1, it would cost €14.8 million.

Paper explores cost of hiking social welfare payments

A €1 increase in the personal rates of all weekly paid social welfare schemes in October's budget would cost €69.4 million, according to new estimates.

Business • 18 Jul 23

Refundable tax credits could cost €1bn - TSG report

The Tax Strategy Group paper on income tax has examined the issue of refundable tax credits.

Business • 18 Jul 23

The employers' group wants measures on research and innovatio

Infrastructure deficit is stifling opportunities - Ibec

Ibec has warned that Ireland is currently losing out on business opportunities because of constraints in capacity in the economy, including around housing.

Business • 13 Jul 23

The warning came in Gabriel Makhlouf's annual pre-budget letter to the Minister for Finance

Central Bank Governor warns Govt not to stoke inflation

The Governor of the Central Bank has warned the Minister for Finance that it would be counter-productive for it to make policy decisions in the budget that would stimulate demand.

Business • 23 Jun 23

Minister Michael McGrath said a formal decision has not been made yet

Budget 2024 expected to take place on 10 October

The Minister for Finance has said he expects the budget will be announced on the second Tuesday in October.

Politics • 22 Jun 23

Budget 2024

ERF: Investment needed to build labour market skills

Budget: Wind Energy Ireland urges energy projects plan

Budget cannot add to inflationary pressures - Donohoe

Varadkar: Govt not ruling out help for mortgage holders

Budget 2024: Will Government introduce third tax rate?

Capital spending up 34% so far this year - Donohoe

New electricity tax could replace fossil fuel revenue

VAT reduction on construction services considered

Strong case for longer-term savings vehicle

TSG examines proposals to scrap PRSI min wage threshold

Paper explores cost of hiking social welfare payments

Refundable tax credits could cost €1bn - TSG report

Infrastructure deficit is stifling opportunities - Ibec

Central Bank Governor warns Govt not to stoke inflation

Budget 2024 expected to take place on 10 October

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