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2016 Irish budget

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2016 (2016) Irish budget
Presented13 October 2015
Parliament31st Dáil
Government29th Government of Ireland
Party
Minister for FinanceMichael Noonan (FG)
Minister for Public Expenditure and ReformBrendan Howlin (Lab)
WebsiteBudget 2016
‹ 20152017›

The 2016 Irish budget was the Irish Government budget for the 2016 fiscal year, which was presented to Dáil Éireann on 13 October 2015.

The Minister for Finance Michael Noonan outlined the taxation measures with Public Expenditure Minister Brendan Howlin detailing the spending.

Families were the big winners in the Budget, with a €5 increase in the monthly child benefit, free GP care for the under 12s and extra free pre-school childcare announced.

Summary

  • A pack of 20 cigarettes is to increase by 50 cent from midnight of the 13 October.
  • The entry point to the USC will rise from €12,012 to €13,000
  • Free pre-school childcare will be available for children from 3 years until they reach five and a half.
  • The Christmas bonus for social welfare recipients restored to 75 per cent of the recipient's weekly payment.
  • Old age pension will increase by €3 per week from January 2016.
  • Child benefit to increase by €5 per month to €140 from January 2016.
  • Fuel allowance will be increased by €2.50 per week to €22.50.
  • 600 extra gardaí to be recruited.
  • 2c charge every time cash is withdraw from an ATM using a debit card capped at €2.50 for ATM cards and €5 for combination ATM / debit cards.
  • Minimum wage increased from €8.65 to €9.15 per hour from January 2016.

References

  1. "What to expect from Budget 2016". Irish Independent. 11 October 2015. Retrieved 12 October 2015.
  2. "Budget 2016: Christmas bonus to be increased while cigarette prices will see rise of 50 cent". Irish Independent. 12 October 2015. Retrieved 13 October 2015.
  3. "Here's everything we know about the Budget so far". The Journal. 12 October 2015. Retrieved 13 October 2015.
  4. "Budget 2015 live". The Journal. 13 October 2015. Retrieved 13 October 2015.
  5. "BUDGET 2016: Workers may be €1k a year better off". Irish Examiner. 14 October 2015. Retrieved 14 October 2015.
  6. "LIVE: All your questions answered as budget slammed as 'too expansionary' by Gov't advisors". Irish Independent. 14 October 2015. Retrieved 14 October 2015.
  7. "Budget 2016: Families the big winners in 'giveaway' last budget before election". Irish Independent. 13 October 2015. Retrieved 14 October 2015.
  8. "Cash back in our pockets: Budget gains aimed at low and middle-income families". Irish Independent. 14 October 2015. Retrieved 14 October 2015.
  9. "The Morning After: Here's what the papers made of Budget 2016". The Journal. 14 October 2015. Retrieved 14 October 2015.
  10. "Budget 2016: The key points". RTÉ News. 14 October 2015. Retrieved 14 October 2015.

External links

Irish budgets
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