Budget 2018 provides highest ever spending on health and education
Oct 10 2017 by Kathy Alvarado
Minister for Finance, Paschal Donohoe has delivered his Budget speech in the Dáil, setting out the governments' budgetary measures for the year ahead.
There will be a 50c rise in the excise on a packet of cigarettes which will mean the price of 20 will top €12 for the first time.
However Donohoe also announced a €200 increase in the Earned Income Credit which will benefit 147,000 self-employed people in Ireland.
A 30c per litre sugar tax on drinks with over 8g of sugar per 100ml, and a 20c per litre tax on drinks containing 5g to 8g of sugar per 100ml.
The idea has been floated in recent years by Junior Minister Patrick O'Donovan.
The VAT rate on tourism & services sector WILL NOT change.
There will be a €5 euro per week increase in social welfare payments as well as a €5 increase to the pension from March next year. This year, social welfare recipients can look forward to a Christmas bonus of 85%, the Minister has announced.
Health spending will be almost €15.3 billion next year, an increase of 5%, making it the biggest health budget in Irish history.
There'll be a 0% benefit in kind on electric vehicles.