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.
FINANCE MINISTER MICHAEL McGrath will be in the hot seat today, taking to his feet in the Dail at 1pm to announce Budget 2024.
McGrath is the first Fianna Fail member to hold the office since Brian Lenihan and the dark days of austerity which led to the downfall of the party after the crash.
This time around, McGrath says he will be telling a different story than his predecessor.
The total Budget 2024 package is about €6.4 billion, including taxation measures worth €1.1 billion.
Here’s what do we know so far:
Cost-of-living measures
Electricity credits amounting to €450
Double child benefit payment
Double fuel allowance payment
Delay in October’s excise restoration on diesel and petrol
Tax measures
Cut to lowest 2% of USC
Increase in the entry point to the higher rate of income tax to around €42,000
€12 social welfare payment increases, such as the pension
Social welfare recipients will get the usual Christmas bonus, followed by an additional payment in January. This will amount to an extra €140 (double) for Child Benefit, €100 for the Qualified Child Bonus, €200 for the Living Alone Allowance, €400 for the Carers Support Grant, €400 for the Disability Support Grant, €400 for the Working Family Payment, and €300 for the Fuel Allowance.
Justice
Gardaí trainee allowance will also see a boost, rising from €185 per week to €305 per week, in a bid to recruit and retain gardaí in the force. Change will kick in from today. While the increased payments will begin on January 1, those in training between Budget day and the new year will receive a backdated lump payment for this period in January.
Increased budget to hit target of 800 to 1,000 new recruits next year.
A 25% increase – up from €105 million to €131 million – in Garda overtime to support high visibility policing to tackle anti-social behaviour in towns and cities
€4m provided for Garda Wellbeing Initiatives and medical costs to support the men and women serving in An Garda Síochána
A new national centre of excellence for the expanded Garda Dog Unit in Dublin, with the expansion to all Garda regions on a phased basis involving 50 handlers with access to 100 dogs
Providing funding for CCTV, bodycams, body armour, mountain bikes and public order equipment·
Funding to provide for the first Garda Reserve recruitment campaign since 2017 – this will open early next year
€12 million increase in funding to tackle Domestic, Sexual and Gender Based Violence and establish a new agency next year·
€9m to increase fees for criminal legal aid by 10% in 2024 to make progress in restoring criminal legal aid fees.
Following the Budget, more work will be undertaken with the legal profession on further strengthening criminal legal aid.
Advertisement
Housing
Rent credit increased to €750
Landlord tax break described as ‘modest’ – could see tax relief of up to 20% off a proportion of their rental income, but this measure would be linked to landlord staying in the market for a certain period.
Mortgage interest relief will also be announced for homeowners who have been badly hit by rate hikes. Around 160,000 mortgage holders will benefit from time limited relief worth €1,250
Business
New Increased Cost of Business Scheme (ICOB) will be awarded based on a percentage of commercial rates a SME paid in 2023
Post-graduate students will be eligible for grant support of up to €2,300
Families with an income of less than €100,000 will have college fees for undergraduate students halved to €1,500 this year (this is on top of a €500 cut announced last years budget for this college year)
All other families will see college fees for full time undergraduate students cut by €1,000. This is part of a wider package of reforms and supports to reduce the cost of education, due to be announced on Thursday.
Childcare
Further 25% reduction in childcare cost reduction was agreed late yesterday after tense talks over the weekend between the Department of Finance and Children’s Minister Roderic O’Gorman. Discussions were ongoing late last night on the details, however it is understood the measure will be introduced later in 2024.
Health
Budget talks were described as ‘challenging’ when it came to the health budget this year and it is understood that due to the significant overspend there is little to be announced today in new measures. The budget allocation for health was finalised and the allocation is focused on dealing with continued high inflation and increased patient demand.
Sources state that due to many more patients presenting to Emergency Departments and additions to waiting lists this year, much of the increased budget in health will be used to maintain existing services.
Other measures
50c increase on cigarettes
New tax on vaping to be announced
No further public transport fare reductions
The finance minister has said that following today’s budget, people’s living standard will improve – however, he has sounded warnings about the need to prepare for clouds on the horizon.
Transport Minister Eamon Ryan confirmed yesterday that an increase in PRSI was also being discussed in the afternoon.
“We need some tax-raising measures. We have to careful to get the balance right. Our economy is at full tilt. We have to protect people from the cost of living impacts but at same time we have to make sure that we maintain sustainable public finances,” he told reporters.
Tanaiste Micheal Martin has said the Budget will provide support to deal with the pressures they are under with the cost-of-living, while specifically mentioning the that it should help young people aged in their 20s and 30s.
Related Reads
Opinion: 'I am one of those trapped in fuel poverty - please don't forget us in the budget'
'I am broken mentally, physically and financially': What readers want to see in Budget 2024
He said the government will protect this age cohort’s future entitlements and secure their futures.
Meanwhile, Public Expenditure Minister Paschal Donohoe said “we really never know what is around the corner”, stating that the government is attempting to get the “balance right” in a way that will keep Ireland economically safe.
So, how will the day play out?
McGrath will begin his speech at 1pm, followed by Donohoe at 1.45pm. The speeches are expected to conclude at 2.30pm.
Sinn Fein will get an hour to reply, followed by Labour, the Social Democrats, People-Before Profit, and the three independent groups, with each party or group getting 45 minutes to speak.
All speeches are due to finish at 8pm and any Dail debate on any overnight financial resolutions will take place from between 8.30pm to midnight.
The Journal will bring you all the latest from Budget 2024 with a liveblog running throughout the day.
Our newsroom team and the politics team based in Leinster House will bring you all the latest as it happens, with breakdowns of what Budget 2024 will mean for you.
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.
To embed this post, copy the code below on your site
Close
45 Comments
This is YOUR comments community. Stay civil, stay constructive, stay on topic.
Please familiarise yourself with our comments policy
here
before taking part.
If people kept to the speed, and gave a proper distance when pulling in in front of vehicle after passing there would be less accidents! Knowing that even when the speed limited is 100km in heavy rain slow bloody down to at least 70/80km! Ediots!
If you’re being pedantic about it- and the commenter above undoubtedly was- “less accidents” should have been “fewer accidents.”
This is because of a rule that says “less” is used for non-count nouns (words like sand, for example, where you can’t talk about “a sand, two sands” etc.) and “fewer” is used for count nouns (“an accident, two accidents,” etc.)
While “less” is used in this context in speech and in casual writing to a huge extent (indicating that the rule is dying) it is technically incorrect in formal language. The fact that this rule is becoming less and less relevant to actual language use is nicely illustrated by the fact that you, a native speaker of English, were completely unaware of it.
What happens when public services are privatised, the new owners milk you for every penny, after lots of wonderful promises. So people are paying taxes but now they’re also paying separately for all the stuff their taxes used to pay for and all the money you pay in taxes is going towards grants for multinationals and tax breaks for the very wealthy, senior executive salaries, vanity building projects, bail bailouts etc, its a total scam, people need to know it is.
Mark,
Are you one of the self-appointed speed guardians who stick religiously to the overtaking lane to stop others from driving at their chosen speed ?
What is too fast? Do you mean to suit road conditions, or over the speed limit? The RSA have increased the speed limit from 70mph to almost 75mph on certain motorways.
It was only EUR2 when the tolls were there and people could pay there and then and not bloody forget 2 days lated and end up having to pay EUR12. That’s for someone not using it all the time and may just use it 2/3 times a month. Bring back the booths!
I don’t drive as i live in central London, ive seen how some drive on the M50 and way over the speed limit, and in and out of lanes, some crazy driving. You could never drive over the limit on the M25 in London as it is covered with speed cameras.
Anyone else notice that women don’t use the left hand lane on 3 lane roads? Unless exiting of course…
First noticed this on the day of the mini marathon when I came across what I though was a funeral procession on the M50. Huge line of cars in only the middle lane driving too slow and too close together. Alas it was only hoards of marathonetts on their way to the race (walk).
All afraid to use mon-sat bus lanes on a Sunday too…
It not just silly women it’s very much men also! Friday afternoon, in pouring rain most ediots were driving 100km +!!! some like myself slightly slower, because there was no way of seeing more than a car length ahead of me. There was a male driver, pulling a caravan, in the middle lane, refused to pull into inside lane. When I actually passed him to avoid the spray he was throwing up, I looked across, he was drinking coffee/tea from a flask mug and eating a huge cookie!
I disagree. There is a shit lot of drivers not only women that drive in the middle of 3 lanes. Mainly car drivers. Sickens me. Been a truck driver I end up undertaking cars not before I give a warning flash an blow the shite out of the horn….
@ Sheila – I’m not trying to be a grammar / spelling Nazi here, but as you’ve spelt ‘idiots’ as ‘ediots’ twice now, you’ve got me curious…is it slang for something else or what!?!
I do beg your pardon! I try my best to read over my comment a couple of times before posting, I am dyslexic. I wish journal.ie would allow us to re-write our comments if needs be.
add delays to that, not having ramps gritted during snow and ice. or re-embursement of tolls when lucan exit was closed due to the queen. I hate using M50, if I have to be some place that’s important I’ll use other roads rather than risk tailbacks.
Eh, what’s the problem. If you cause damage and are at fault then you pay the bill through your insurance policy. Accidental damage to a road barrier is the same as an accidental rear ending.
cjmalone1969. It’s a long time since I took a bus but do CIE allow scaffolding planks and 8X4 sheets of ply, with a large steel box of tools? Ah I think I’ll stick to the van, but thanks anyway.
Personally, I think it’s reasonable enough. If you do cause damage as a result of negligent driving, you should be liable for the cost of damage caused.
But as other posters have mentioned, the service providers have a duty of care to the users of the M50 as well, which I personally think is lacking a lot of the time. And this is most evident come the winter months.
I recon the repair companies have a lottery on this. They could put any amount through an they would pay up. I’d love to know how much a foot of barrier is….
This totally understandable. I mean if you are driving carelessly than fork out. Well unless you will die than there is the problem. But I suppose not your anymore.
18,000 for a barrier?More likely 200 max & as for the labour involved this highway maintanence shower pay there staff by the week not the job.I could pick up a new car for 18,000 & a hell of a lot more work goes into that.
Man sentenced to 24 years for manslaughter of Longford woman Sarah McNally in New York
1 hr ago
8.6k
the Epstein files
Larry Donnelly: Is this the beginning of the end for Donald Trump?
16 mins ago
647
7
Tramore
One person dead after light aircraft crash in Co Waterford
Updated
21 hrs ago
61.1k
Your Cookies. Your Choice.
Cookies help provide our news service while also enabling the advertising needed to fund this work.
We categorise cookies as Necessary, Performance (used to analyse the site performance) and Targeting (used to target advertising which helps us keep this service free).
We and our 251 partners store and access personal data, like browsing data or unique identifiers, on your device. Selecting Accept All enables tracking technologies to support the purposes shown under we and our partners process data to provide. If trackers are disabled, some content and ads you see may not be as relevant to you. You can resurface this menu to change your choices or withdraw consent at any time by clicking the Cookie Preferences link on the bottom of the webpage . Your choices will have effect within our Website. For more details, refer to our Privacy Policy.
We and our vendors process data for the following purposes:
Use precise geolocation data. Actively scan device characteristics for identification. Store and/or access information on a device. Personalised advertising and content, advertising and content measurement, audience research and services development.
Cookies Preference Centre
We process your data to deliver content or advertisements and measure the delivery of such content or advertisements to extract insights about our website. We share this information with our partners on the basis of consent. You may exercise your right to consent, based on a specific purpose below or at a partner level in the link under each purpose. Some vendors may process your data based on their legitimate interests, which does not require your consent. You cannot object to tracking technologies placed to ensure security, prevent fraud, fix errors, or deliver and present advertising and content, and precise geolocation data and active scanning of device characteristics for identification may be used to support this purpose. This exception does not apply to targeted advertising. These choices will be signaled to our vendors participating in the Transparency and Consent Framework. The choices you make regarding the purposes and vendors listed in this notice are saved and stored locally on your device for a maximum duration of 1 year.
Manage Consent Preferences
Necessary Cookies
Always Active
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work.
Social Media Cookies
These cookies are set by a range of social media services that we have added to the site to enable you to share our content with your friends and networks. They are capable of tracking your browser across other sites and building up a profile of your interests. This may impact the content and messages you see on other websites you visit. If you do not allow these cookies you may not be able to use or see these sharing tools.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then these services may not function properly.
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not be able to monitor our performance.
Store and/or access information on a device 177 partners can use this purpose
Cookies, device or similar online identifiers (e.g. login-based identifiers, randomly assigned identifiers, network based identifiers) together with other information (e.g. browser type and information, language, screen size, supported technologies etc.) can be stored or read on your device to recognise it each time it connects to an app or to a website, for one or several of the purposes presented here.
Personalised advertising and content, advertising and content measurement, audience research and services development 227 partners can use this purpose
Use limited data to select advertising 185 partners can use this purpose
Advertising presented to you on this service can be based on limited data, such as the website or app you are using, your non-precise location, your device type or which content you are (or have been) interacting with (for example, to limit the number of times an ad is presented to you).
Create profiles for personalised advertising 141 partners can use this purpose
Information about your activity on this service (such as forms you submit, content you look at) can be stored and combined with other information about you (for example, information from your previous activity on this service and other websites or apps) or similar users. This is then used to build or improve a profile about you (that might include possible interests and personal aspects). Your profile can be used (also later) to present advertising that appears more relevant based on your possible interests by this and other entities.
Use profiles to select personalised advertising 146 partners can use this purpose
Advertising presented to you on this service can be based on your advertising profiles, which can reflect your activity on this service or other websites or apps (like the forms you submit, content you look at), possible interests and personal aspects.
Create profiles to personalise content 56 partners can use this purpose
Information about your activity on this service (for instance, forms you submit, non-advertising content you look at) can be stored and combined with other information about you (such as your previous activity on this service or other websites or apps) or similar users. This is then used to build or improve a profile about you (which might for example include possible interests and personal aspects). Your profile can be used (also later) to present content that appears more relevant based on your possible interests, such as by adapting the order in which content is shown to you, so that it is even easier for you to find content that matches your interests.
Use profiles to select personalised content 52 partners can use this purpose
Content presented to you on this service can be based on your content personalisation profiles, which can reflect your activity on this or other services (for instance, the forms you submit, content you look at), possible interests and personal aspects. This can for example be used to adapt the order in which content is shown to you, so that it is even easier for you to find (non-advertising) content that matches your interests.
Measure advertising performance 200 partners can use this purpose
Information regarding which advertising is presented to you and how you interact with it can be used to determine how well an advert has worked for you or other users and whether the goals of the advertising were reached. For instance, whether you saw an ad, whether you clicked on it, whether it led you to buy a product or visit a website, etc. This is very helpful to understand the relevance of advertising campaigns.
Measure content performance 80 partners can use this purpose
Information regarding which content is presented to you and how you interact with it can be used to determine whether the (non-advertising) content e.g. reached its intended audience and matched your interests. For instance, whether you read an article, watch a video, listen to a podcast or look at a product description, how long you spent on this service and the web pages you visit etc. This is very helpful to understand the relevance of (non-advertising) content that is shown to you.
Understand audiences through statistics or combinations of data from different sources 125 partners can use this purpose
Reports can be generated based on the combination of data sets (like user profiles, statistics, market research, analytics data) regarding your interactions and those of other users with advertising or (non-advertising) content to identify common characteristics (for instance, to determine which target audiences are more receptive to an ad campaign or to certain contents).
Develop and improve services 132 partners can use this purpose
Information about your activity on this service, such as your interaction with ads or content, can be very helpful to improve products and services and to build new products and services based on user interactions, the type of audience, etc. This specific purpose does not include the development or improvement of user profiles and identifiers.
Use limited data to select content 55 partners can use this purpose
Content presented to you on this service can be based on limited data, such as the website or app you are using, your non-precise location, your device type, or which content you are (or have been) interacting with (for example, to limit the number of times a video or an article is presented to you).
Use precise geolocation data 69 partners can use this special feature
With your acceptance, your precise location (within a radius of less than 500 metres) may be used in support of the purposes explained in this notice.
Actively scan device characteristics for identification 42 partners can use this special feature
With your acceptance, certain characteristics specific to your device might be requested and used to distinguish it from other devices (such as the installed fonts or plugins, the resolution of your screen) in support of the purposes explained in this notice.
Ensure security, prevent and detect fraud, and fix errors 147 partners can use this special purpose
Always Active
Your data can be used to monitor for and prevent unusual and possibly fraudulent activity (for example, regarding advertising, ad clicks by bots), and ensure systems and processes work properly and securely. It can also be used to correct any problems you, the publisher or the advertiser may encounter in the delivery of content and ads and in your interaction with them.
Deliver and present advertising and content 151 partners can use this special purpose
Always Active
Certain information (like an IP address or device capabilities) is used to ensure the technical compatibility of the content or advertising, and to facilitate the transmission of the content or ad to your device.
Match and combine data from other data sources 112 partners can use this feature
Always Active
Information about your activity on this service may be matched and combined with other information relating to you and originating from various sources (for instance your activity on a separate online service, your use of a loyalty card in-store, or your answers to a survey), in support of the purposes explained in this notice.
Link different devices 78 partners can use this feature
Always Active
In support of the purposes explained in this notice, your device might be considered as likely linked to other devices that belong to you or your household (for instance because you are logged in to the same service on both your phone and your computer, or because you may use the same Internet connection on both devices).
Identify devices based on information transmitted automatically 135 partners can use this feature
Always Active
Your device might be distinguished from other devices based on information it automatically sends when accessing the Internet (for instance, the IP address of your Internet connection or the type of browser you are using) in support of the purposes exposed in this notice.
Save and communicate privacy choices 126 partners can use this special purpose
Always Active
The choices you make regarding the purposes and entities listed in this notice are saved and made available to those entities in the form of digital signals (such as a string of characters). This is necessary in order to enable both this service and those entities to respect such choices.
have your say