Home > Ireland > Ireland boosts total budget package to just over €2.9bn

Ireland boosts total budget package to just over €2.9bn

Written by Business World, on 8th Oct 2019. Posted in Ireland

article headline

Irish Finance Minister Paschal Donohoe on Tuesday increased the amount of additional money available for his 2020 budget package to 2.9 billion euros by raising additional revenue elsewhere.

Donohoe said current spending will increase by 3.5% in 2020 compared to what the government expects to spend by the end of this year, which he said represented an appropriate rate at this stage of Ireland's economic cycle.

The tax increases to the net value of around 300 million euros included a rise in the rate of stamp duty on commercial properties to 7.5% from 6%, the second successive year the sector was hit by an increase that Donohoe said it could bear. (Reuters)

Source: www.businessworld.ie

More articles from Ireland

image Description

Taoiseach welcomes Brexit deal as unique solution for N.Ireland

Read more
image Description

Sterling sinks as DUP says cannot back Brexit deal

Read more
image Description

Brexit talks hit standstill over future trade deal as DUP rejects it

Read more
image Description

Irish border still the main obstacle in brexit talks

Read more
image Description

Irish financial system ready for Brexit says new Central Bank Chief

Read more