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Wednesday 6 December 2023 Dublin: 8°C

# Finance Minister

This year
2023
Budget 2024: Some changes kicked in at midnight - others won't take effect for quite a while
A report by
Muiris O'Cearbhaill
Here’s what you need to know.
The changes announced yesterday included tweaks to the USC and tax bands, tax reliefs for landlords, social welfare hikes and an increase in the minimum wage.
Here are the new measures that have already kicked in or been extended - and what to expect in the months to come.
New legislation will allow credit unions to take part in loan syndications
Credit unions will also be given powers to refer members to another credit union in situations where it could not provide the service the customer was requesting.
Budget 2024: What exactly can we expect in next week's package?
All will be revealed this day next week.
It's Michael McGrath's first time in the driving seat as Finance Minister.
This year's package is expected to be supplemented by a number of one-off measures.
Finance Minister rules out introduction of 30% income tax rate in this year's Budget
Taoiseach Leo Varadkar initially floated the idea of such a rate ahead of last year’s Budget.
Minister says €1 billion drop in corporation tax highlights ‘vulnerabilities’ in public finances
Corporation tax receipts this August dropped by 36% when compared to last August.
Finance Minister wants 'full account' of what happened with BOI glitch
The glitch saw Bank of Ireland customers able to withdraw more money than what was available in their accounts.
Ireland has one of the highest per capita debt burdens in the world, around €44,250 per citizen
The burden of public debt for each person in Ireland was around €8,000 higher than the euro area average in 2022.
These are the Budget 2023 measures that will take effect from today
While some of budget measures kicked in almost immediately, others take effect from today.
Last year
2022
Finance Minister Paschal Donohoe set to be re-elected as Eurogroup president this afternoon
Donohoe was the only minister to put his name forward for the role when nominations closed two weeks ago.
Restoring bankers bonuses and removing pay caps an 'insult' to working families, Dáil hears
The decision was criticised by Social Democrats co-leader Róisín Shortall.
Budget 2023: What measures have already kicked in?
Some measures included in the €11 billion budget have already been enacted.
Analysis: Minister Donohoe, this is what you should and shouldn't do tomorrow
Economist Victor Duggan has some good advice for the finance minister ahead of tomorrow’s budget.
All time
Taoiseach says he won't make commitments ‘one way or the other’ to companies about corporation tax rate
The Finance Minister told the European Commission it is “not appropriate” at present for Ireland to sign up to the deal.
Budget 2021 will be revealed today - here's a look at how things will unfold
Today the biggest budget in the history of the State will be revealed – here’s what we know.
Yanis Varoufakis calls Paschal Donohoe a 'chronic and pathetic finance minister'
Varoufakis served as the Greek Finance Minister from January to July 2015.
Paschal Donohoe says it's 'frustrating' to see another costs row over National Children's Hospital
BAM released a statement saying that it was excluded from the government’s Covid-19 ex-gratia payments, which it called “unfair”.
Paschal Donohoe: 'Wage subsidy scheme will not disappear overnight'
The Pandemic Unemployment Payment and the Temporary Wage Subsidy Scheme will be extended beyond the original June end date.
Paschal Donohoe says ministers won't take pay cut during Covid-19 pandemic
The finance minister had previously said he would consider actions taken by other governments in terms of pay cuts for politicians.
Future changes to pandemic payment and wage subsidy scheme to be considered, says minister
Paschal Donohoe says people may have to move to normal social welfare schemes and wages subsidy scheme will have to be tapered.
Minister says he expects insurers to 'play their part and act reasonably' by honouring claims
Claims are being rejected as Covid-19 is not on the list of infectious diseases on some policies.
Paschal Donohoe accused of 'scaremongering' for saying Sinn Féin policies would 'scorch the economy'
Fine Gael, Fianna Fáil and Sinn Féin were accused by the Greens of “sprinkling magic” in their manifestos.
Minister urged not to scrap special tax relief scheme for top executives of foreign companies
Business Minister Heather Humphreys said ‘for reputational reasons’ the government should not remove the tax relief scheme.
Minister writes to Grealish asking him to clarify 'apparent ethnic basis' of Nigerian money statement
The Galway West TD singled out Nigeria while raising questions in the Dáil about money being sent out of Ireland.
Behind-the-scenes pressure on minister to raise inheritance tax threshold in the Budget
A tax-free threshold on transfers between parents and their children currently stands at €320,000.
Will there be a 2020 Christmas bonus? No decision's been made yet
Pearse Doherty said Christmas comes every year, yet the bonus hasn’t been factored into spending.
Bank bosses may face fines and sanctions in the future, but won't get jail time under new law
The new laws were drawn up in the wake of the tracker-mortgage scandal.
Labour Court to hold talks this afternoon between unions and government as nurses strike looms
Minister Paschal Donohoe issued a warning earlier today over reaching a pay deal with nurses.
Minister moves to reassure public that reformed property tax will be 'affordable' and 'fair'
Due to the rapid increase in house prices, there have been concerns about the massive leap in tax homeowners will have to pay.
Government hopes to make €27m from sugar tax this year alone
The new tax kicked in on 1 May.
Minister concedes homeowners who engaged with PTSB may not have deals honoured
PTSB, which is 75% State owned, has been defending its plan to sell off a book of non-performing loans.
France to lend priceless Bayeux Tapestry to Britain - but is Macron just trolling?
Historians and political commentators can’t agree on whether this is a gesture of goodwill, or a “wonderful joke”.
Property Tax: Donohoe says he wants 'moderate, affordable' changes by 2020
He also spoke about the €13 billion Apple Tax bill and defended Ireland’s 12.5% corporation tax rate in an interview on Morning Ireland.
Enda Kenny praises 'extraordinary' Noonan as he announces plan to step down
The Finance Minister says he will not be seeking re-election to the Dáil.
Garda gets €250k damages after being forced to retire early due to 'vicious' pub assault
Gerard Walsh said he thought he would die in the attack, which happened in 1992.
Michael Noonan spent Christmas in hospital due to fluid on his chest
The Finance Minister says he is “well on the mend”.
Greece has met its new finance minister as the ECB hits the country where it hurts
The European Central Bank raised the haircuts on its Emergency Liquidity Assistance to Greece this evening.
Poll: Is the Greek government right to hold a referendum on its bailout deal?
Tsipras is going to let the people decide – is that the right thing to do?
Here's why AIB staff are warning they might go on strike
The union Unite wants to meet the Finance Minister over the issues.
Anglo junior bondholders may still get pay-outs
Finance Minister Michael Noonan said it is unclear whether the €280 million worth of bondholders will pursue their claims but if they do, they may be legally entitled to a dividend.
The Universal Social Charge isn't going anywhere - Noonan
Michael Noonan says it’s here for the “foreseeable future”.