Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Brendan Howlin and Michael Noonan posing for photographs before today's Budget speech. Mark Stedman/Photocall Ireland

In numbers: Budget 2014

Taxes, cuts and savings – here’s a numerical round-up of the key figures from Budget 2014.

IT WAS THE seventh austerity-filled Budget in a row, and despite some small concessions, it was as tough as any of its predecessors.

Ministers Michael Noonan and Brendan Howlin announced €2.5 billion worth of taxes and cuts in today’s Budget, with the Departments of Health and Social Protection bearing the brunt.

Here, in numbers, is a roundup of some of the measures announced today.

0 – Percentage change to income tax, the Universal Social Charge and VAT on consumer goods. Phew.

€2.50 - The cost per item in prescription charges, with a cap of €25 per family per month. The charge originally began as a levy of 50c in 2010.

9 – The number of drinking hours available between the announcement that the cost of a pint is going up by 10c and the introduction of said measure.

9 – The special reduced VAT rate for tourism, which is to be retained for next year after it proved successful.

10 cent – The increase in the cost of a packet of 20 cigarettes from midnight tonight. Bottles of wine will increase by 50 cent from tonight.

41 – The new higher single unified rate of tax on DIRT accounts.

€100 – The amount of money that new claimants of the dole aged 24 and under will receive each week from 1 January 2014.

130 - The percentage increase in the number of people receiving Jobseeker’s payments between 2008 and 2012 – working out at almost 200,000 people – according to Brendan Howlin in his speech.

€230 - The amount that maternity benefit is to be standardised at from January next year. The current rate lies between €217 and €262.

€850 – The amount of the Bereavement Grant, given to people based on their PRSI contributions, to help pay for a funeral. The payment is being abolished to save an estimated €17 million.

1,250 – The number of new classroom and resource teachers for the school system to be recruited in the coming years. Minister Howlin emphasised that class sizes will not be increased at either primary or post-primary level.

€37 million – The estimated cost of providing free GP care for all children aged 5 and under, in the Government’s first step towards providing universal free doctor care.

€44 million – The amount the Government says it will save by abolishing the telephone allowance for older people. The move has been criticised by groups representing older people who say it will make them more isolated and lonely.

€113 million – The amount of money Brendan Howlin estimates will be saved by a review of all medical cards to cancel any ineligible or redundant cards which people may have.

€150 million – The amount of money that Irish banks will have to contribute to the Exchequer every year under a new bank levy.

€290 million – The reduction in spending in the Department of Social Protection alone – the largest single area of public spending.

€500 million – The amount by which the public sector paybill is to be reduced next year – despite the fact that the Government said today it will be hiring in schools, hospitals and An Garda Síochána.

€2 billion – The amount that NAMA will invest in the Irish commercial property market over the next few years.

€2.5 billion – The total amount the Government aimed to save through taxes and cuts in today’s Budget. The figure is a reduction on last year’s figure of €3.1 billion.

LIVEBLOG: Budget 2014 as it happens >

Budget 2014: the key things to know from today’s announcement >

In full: TheJournal.ie’s coverage of Budget 2014 >

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
39 Comments
    Install the app to use these features.
    Mute Lambo Moonski
    Favourite Lambo Moonski
    Report
    Sep 5th 2018, 7:50 AM

    That’s the way to do it

    147
    Install the app to use these features.
    Mute Dreyfus
    Favourite Dreyfus
    Report
    Sep 5th 2018, 7:52 AM

    @Lambo Moonski: yeah extrajudicial murder. Right on

    185
    Install the app to use these features.
    Mute TheHeathen
    Favourite TheHeathen
    Report
    Sep 5th 2018, 7:55 AM

    @Lambo Moonski: Good man, showing up your complete ignorance. A man getting rid of all opposition. No wonder these people get into power with the uneducated and dim-witted masses.

    217
    See 4 more replies ▾
    Install the app to use these features.
    Mute Vincent
    Favourite Vincent
    Report
    Sep 5th 2018, 8:35 AM

    @TheHeathen: As if the idiots we voted in are any better

    34
    Install the app to use these features.
    Mute Larissa Nikolaus
    Favourite Larissa Nikolaus
    Report
    Sep 5th 2018, 8:58 AM

    @Vincent: When did an Irish elected official condone extrajudicial murder?

    47
    Install the app to use these features.
    Mute Mark McDermott
    Favourite Mark McDermott
    Report
    Sep 5th 2018, 9:43 AM

    @Vincent: Its not like we see anyone in government going around with a hit list and people then going out and shooting them. Kop onn.

    23
    Install the app to use these features.
    Mute John Ryan
    Favourite John Ryan
    Report
    Sep 5th 2018, 1:13 PM

    @Larissa Nikolaus:You’re kidding right ?

    7
    Install the app to use these features.
    Mute FlopFlipU
    Favourite FlopFlipU
    Report
    Sep 5th 2018, 7:54 AM

    I would be afraid to buy aspirins in that country

    111
    Install the app to use these features.
    Mute Greg Blake
    Favourite Greg Blake
    Report
    Sep 5th 2018, 9:28 AM

    @FlopFlipU: yet many of the infamous no go areas are now safe to walk through.

    38
    Install the app to use these features.
    Mute Anne Marie Devlin
    Favourite Anne Marie Devlin
    Report
    Sep 5th 2018, 10:35 AM

    @Greg Blake: It’s just all other areas that are unsafe now!

    17
    See 1 more reply ▾
    Install the app to use these features.
    Mute John Ryan
    Favourite John Ryan
    Report
    Sep 5th 2018, 1:16 PM

    @FlopFlipU: Nah, as long as you buy your illegal drugs from the presidents friends you’d be okay..

    10
    Install the app to use these features.
    Mute Joe Kelly
    Favourite Joe Kelly
    Report
    Sep 5th 2018, 8:06 AM

    The Wild West is Alive and Well in the Phillipines !

    42
    Install the app to use these features.
    Mute Kenneth Hayden
    Favourite Kenneth Hayden
    Report
    Sep 5th 2018, 8:28 AM

    Can’t wait for Netflix to get on This!!!

    42
    Install the app to use these features.
    Mute Sorcha Hendry instagram: @SorchaHendry86
    Favourite Sorcha Hendry instagram: @SorchaHendry86
    Report
    Sep 5th 2018, 8:10 AM

    The Philippines not a country to go if you want to survive

    22
    Install the app to use these features.
    Mute Frank Scanlon
    Favourite Frank Scanlon
    Report
    Sep 5th 2018, 9:09 AM

    @Sorcha Hendry instagram: @SorchaHendry86: I was there for a few weeks last year, it was grand, not dangerous at all

    57
    Install the app to use these features.
    Mute Anthony Davoren
    Favourite Anthony Davoren
    Report
    Sep 5th 2018, 9:13 AM

    @Sorcha Hendry instagram: @SorchaHendry86: I was there this year and it was perfectly safe. One of the nicest places I’ve visited

    46
    See 2 more replies ▾
    Install the app to use these features.
    Mute Richy
    Favourite Richy
    Report
    Sep 5th 2018, 11:13 AM

    @Sorcha Hendry instagram: @SorchaHendry86: heading over in November. Can’t wait. Nice break before Christmas

    18
    Install the app to use these features.
    Mute Dave O Keeffe
    Favourite Dave O Keeffe
    Report
    Sep 5th 2018, 1:24 PM

    @Richy: enjoy, don’t make any enemies, by the sounds of it all they have to do is tell a cop you have drugs and you’re dead

    8
    Install the app to use these features.
    Mute Joe Kelly
    Favourite Joe Kelly
    Report
    Sep 5th 2018, 9:09 AM

    He’s only doing what Trump wishes he could do.
    Kill anyone who gets in his way!
    I wonder if they’re both related.
    Pair of Nut Jobs.

    30
    Install the app to use these features.
    Mute Sean Conway
    Favourite Sean Conway
    Report
    Sep 5th 2018, 8:18 AM

    latin american countries can’t seem to make progress to clean up the drug gangs. with the killing of judges and so on. duterte would be long gone.

    16
    Install the app to use these features.
    Mute B9xiRspG
    Favourite B9xiRspG
    Report
    Sep 5th 2018, 8:59 AM

    @Sean Conway: lucky so that philippines is in Asia.

    70
    Install the app to use these features.
    Mute B9xiRspG
    Favourite B9xiRspG
    Report
    Sep 5th 2018, 9:09 AM

    @Sean Conway: I’m the idiot yet it’s you that doesn’t know where Philippines is located. Nice one.

    22
    See 4 more replies ▾
    Install the app to use these features.
    Mute Greg Blake
    Favourite Greg Blake
    Report
    Sep 5th 2018, 9:33 AM

    @B9xiRspG: I think Sean was making a comparison to areas where drug lords reign. They we’re heading down that road. He didn’t say it was in the americas.

    20
    Install the app to use these features.
    Mute Joe O'riordan
    Favourite Joe O'riordan
    Report
    Sep 5th 2018, 9:42 AM

    @Sean Conway: you clearly think that the Philippine islands are in central America…Clearly ….

    14
    Install the app to use these features.
    Mute Sean Conway
    Favourite Sean Conway
    Report
    Sep 5th 2018, 9:56 AM

    @Greg Blake: The philippine gangs are not as ruthless as the latin american gangs. sorry for not making it more clear.

    11
    Install the app to use these features.
    Mute Dave O Keeffe
    Favourite Dave O Keeffe
    Report
    Sep 5th 2018, 1:26 PM

    @Joe O’riordan: no he clearly said in the last sentence that Duterte would be long gone if he was in charge of a Latin American country.

    9
    Install the app to use these features.
    Mute andyearley
    Favourite andyearley
    Report
    Sep 5th 2018, 8:52 AM

    The bloke is a psycho.
    Seems to me he has the attitude of someone sniffing the bejaysus out of it.

    33
    Install the app to use these features.
    Mute Daithi
    Favourite Daithi
    Report
    Sep 5th 2018, 12:11 PM

    Funnily enough he hasn’t shot his own son yet.

    7
Submit a report
Please help us understand how this comment violates our community guidelines.
Thank you for the feedback
Your feedback has been sent to our team for review.
JournalTv
News in 60 seconds