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Dublin: 9 °C Thursday 17 October, 2019
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Poll: Are you worried about Budget 2020?

The government’s plans for spending and tax will be revealed in just over two weeks.

File photo
File photo
Image: Shutterstock/Anna Moskvina

BUDGET 2020 WILL be announced on 8 October.

Finance Minister Paschal Donohoe has to consider Brexit when preparing the plans, and whether Britain will leave the EU with or without a deal.

With fiscal space of about €700 million, it won’t be a giveaway budget. It’s expected to be bad news for workers hoping to see an increase in their take-home pay as it has been well flagged that any tax changes will be either moderate or non-existent.

Taoiseach Leo Varadkar earlier this year committed to increasing the point at which people pay the top rate of tax to €50,000 for a single person and €100,000 for a double-income couple. However, he later backtracked and this now looks unlikely.

A rise in carbon tax is expected, and there will be a lot of interest in terms of what will be spent in areas such as health and housing.

We want to know: Are you worried about Budget 2020?


Poll Results:

Yes (5093)
No (3419)
I'm not sure (762)



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About the author:

Órla Ryan

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