2021_Irish_budget

2021 Irish budget

2021 Irish budget

Add article description

The 2021 Irish budget was the Irish Government Budget for the 2021 fiscal year, which was presented to Dáil Éireann on 13 October 2020 by Minister for Finance Paschal Donohoe, and the Minister for Public Expenditure and Reform Michael McGrath.[1][2][3]

Quick Facts Presented, Parliament ...

Summary

[4][5][6]

COVID-19

  • €8.5 billion will be allocated for public services to address the challenges of COVID-19 – including €2.1 billion in contingency funding.
  • The Employment Wage Subsidy Scheme will continue until 31 March 2021.
  • Self-employed recipients of the COVID-19 Pandemic Unemployment Payment will be able to earn up to €480 per month without losing their payment.
  • €10 million will be allocated for the COVID-19 stability fund for community and voluntary organisations, charities and social enterprises.

Other

  • Carbon tax will be increased by €7.50 per tonne in 2021, from €26 to €33.50 per tonne.
  • The one-week Christmas bonus will be given to people on a welfare payment for at least four months up to December.
  • Tax on a pack of 20 cigarettes is to rise by 50c.
  • 300 new teaching posts will be created.
  • €2 billion will be provided to fund recruitment of 990 new special needs assistants.
  • 50,000 further education and training places in 2020/2021.
  • €500 million to facilitate the construction of 9,500 new social housing units in 2021.
  • Funding will be provided to train up to 620 new Garda recruits.
  • Up to 70 new garda cars will be bought to replace current models which are currently leased.

References

  1. [1]
    "Budget 2021". Moneyguideireland.com. 4 October 2020. Retrieved 6 October 2020.
  2. [2]
    "Budget 2021 will be revealed today - here's a look at how things will unfold". Journal. 13 October 2020. Retrieved 13 October 2020.
  3. [3]
    "BUDGET 2021 LIVE: CHRISTMAS BONUS FOR THOSE ON PUP, CIGARETTE PRICES UP AND NEW REBATE SCHEME FOR COVID-HIT BUSINESSES". Journal. 13 October 2020. Retrieved 13 October 2020.
  4. [4]
    Sherlock, Cillian (13 October 2020). "At a glance: What's in Budget 2021 for householders". RTÉ News and Current Affairs. Retrieved 13 October 2020.
  5. [5]
    Hennessy, Michelle (13 October 2020). "Budget 2021: Here are the main points you need to know". TheJournal.ie. Retrieved 13 October 2020.
  6. [6]
    Bray, Jennifer (13 October 2020). "Budget 2021 main points: Up to €5,000 a week for Covid-hit firms, hospitality VAT rate cut". The Irish Times. Retrieved 13 October 2020.
Share this article:

This article uses material from the Wikipedia article 2021_Irish_budget, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.