Wednesday November 25, 2020

€330 million in tax cuts for October Budget with USC cut expected

Government holds one billion euro in extra spending power

21st June, 2016
Minister Paschal Donohue arrives at government buildings. Pic: RollingNews.ie

Around €330 million in tax cuts will be announced in October's Budget as the government confirmed the availability of around €1 billion in extra spending power for next year.

The so-called fiscal space is outlined in the summer economic statement, published by finance minister Michael Noonan and public expenditure Paschal Donohoe this afternoon.

On the tax cut side, the government will focus on further reductions...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The party’s Housing spokesperson insists that when Mary Lou McDonald or Gerry Adams rail against the elites, ‘that‘s a populist strategic manoeuvre’

Rachel Lavin | 16 hours ago

With just under six weeks to go until the end of the Brexit transition period, businesses are braced for rocky times as the old way of doing things becomes a thing of the past

Aiden Corkery | 3 days ago

Kevin Nowlan sees future office developments as being occupied by a number of tenants, with large convertible spaces as well as gyms, food outlets and even bars

Ian Guider | 3 days ago