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?
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