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Sunday 29 January 2023 Dublin: 5°C

# Budget 2014

All time
# Budget 2014
Kenny: It's a myth that the Economic Management Council makes all the decisions
The ECM is due to meet today to discuss the level of the budget adjustment.
# Budget 2014
'We're examining the options': Noonan says no decision on raising 9% VAT rate
The Finance Minister had previously said that in order to maintain the special rate for the tourism and hospitality industry he would need to find €360 million elsewhere.
# Fiscal Advisory Council
Charts: Here's how the government's liabilities have increased to €208bn in five years
The government’s liabilities last year were a whopping €208 billion.
# Budget 2014
Ex-IMF mission chief: 'Ireland needs a new jolt of growth'
Ashoka Mody has spoken out against austerity once again ahead of the October budget.
# Budget 2014
Tánaiste: Budget cut of €3.1 billion not necessary to meet deficit targets
Eamon Gilmore has set out his stall ahead of Budget negotiations.
# blind pension
'Sense of alarm' over Revenue investigation of blind pension
A report yesterday said Revenue is to start looking at records to see if individuals are in receipt of a second pension and assess their level of tax compliance.
# Budget 2014
"It's going to be a difficult budget" - Richard Bruton
The Minister for Jobs also said that Ireland has to “close the game out” while getting out of the bailout.
# Budget 2014
IBEC president calls for tax rises to be dropped
The new chairman of the Irish Business and Employers Conference told a dinner last night that the country had hit a “tax ceiling”.
# Budget 2014
Noonan: VAT rate for restaurants likely to rise
The Finance Minister said the reduction of the 13.5 per cent rate for the hospitality sector had always been a short-term “pump priming” measure.
# Budget 2014
'Another brick in the wall': Education minister on economic growth figures
Ruairí Quinn said there is still a long way to go…
# Social Housing
Concern about NAMA handing over properties it can't sell for social housing
Focus Ireland has said that there is a feeling that NAMA tries to sell off property and if they can’t, it is then proposed as social housing, though many of the agency’s properties are not suitable.
# Seanad referendum
"I don't want to embarrass you" - Taoiseach's excuse for not doing TV debate with Martin
Enda Kenny clashed with Fianna Fáil leader Micheál Martin at the first Leaders’ Questions of the new Dáil term today.
# Budget 2014
Government can avoid further cuts with tax hike for top 10% of earners
The Nevin Economic Research Institute said that €400 million could be raised with a 1.5 per cent increase on the top 10 per cent of earners.
# Budget 2014
Burton: Welfare cap not being considered for Budget
The Minister for Social Protection said the measure had been on the table, but was no longer being looked at ahead of next month’s Budget.
# Budget 2014
Enda Kenny: 'I feel the people's pain'
The Taoiseach has said that the Budget is going to be tough no matter what but that the coalition would aim to deliver it “in as fair a way as possible”.
# thinking
Fine Gael, Labour and Fianna Fáil think-ins to conclude today
Lots more thinking to be done on day two…
# Budget 2014
Noonan: We might have some leeway if figures ahead of Budget are positive
Michael Noonan indicated there may be a Budget adjustment of less than €3.1 billion if there’s good news contained in two key sets of data, but he said the final figure had not yet been decided.
# Smoking
Call for 50c 'environmental levy' on packs of 20 cigarettes
ASH Ireland said the levy should be imposed on the tobacco industry, on the ‘polluter pays’ principle.
# Labour Pains
Gilmore: The Irish people aren't going to punish the party that solved the crisis
The Tánaiste has defended the Labour Party’s record in government and said that Joan Burton is doing a “fabulous job”.
# Dáil
They're back: Here are 8 questions we're asking ahead of the new Dáil term
The Seanad is also back but will it be abolished? We look at that and seven other questions ahead of the return of TDs and Senators this week.
# Get thinking
Budget likely to top agenda as Fine Gael, Labour and Fianna Fáil hold think-ins
Fine Gael’s holds its two-day meeting in Portlaoise, Co Laois while Labour is meeting in Enfield, Co Meath and Fianna Fáil is holding its annual think-in in Waterford.
# Budget 2014
Watch: Gerry Adams talks the Seanad, Dáil reform and Budget 2014
The Sinn Féin president says that his party will “ferociously argue” against budget measures that would “heap the burden” on families and carers.
# Budget 2014
IMF want Ireland to 'continue track record' of budget cuts
The IMF’s Gerry Rice wants Ireland to keep pace with cuts but did not rule out a reduction to deal with the “drag on growth”.
# Budget 2014
TDs to be told: 'Coalition needs to live up to staffing promises in mental health'
Mental Health Reform will address TDs and Senators today on issues in the sector; the group is highlighting shortfalls in promised staffing levels and concerns about ring-fencing of funding.
# Budget 2014
Government called on to address housing shortage in Budget 2014
Threshold has said that up to 30,000 new houses need to be constructed annually to meet demand.
# Budget 2014
Finance Committee demands forecast data from department ahead of budget
The committee wants access to the same data and presentations that will be provided to the Economic Management Council.
# Moving On?
Gilmore: "I am not wedded to Foreign Affairs"
The Labour leader has not ruled out moving to a domestic post in the lifetime of the coalition, but has rejected the suggestion he needs to spend more time in the country in order to address problems within the party.
# Budget
Number of new homeless people rises by at least 7 a day
Focus Ireland launches its 2014 pre-Budget submission today and said that the government needs to avoid forcing more households into homelessness.
# Austerity
Honohan: The government's budgetary policy makes sense
The Irish Central Bank governor has said that the ‘steady course’ the government charted and stuck to has been key to restoring lender credibility.
# Budget 2014
'Austerity hawks' want to use Ireland as 'economic experiment' - Gilmore
Táinaiste Eamon Gilmore said in an interview with the Financial Times said that the Government will not let others ‘drive the speedometer’ on Irish austerity.
# Budget 2014
Ruairí Quinn: 'The budget cut has to be less than €3.1 billion'
The Education Minister was speaking with just over a month to go until Budget 2014.
# Your Say
Poll: Should the government ease up on austerity in this budget?
The Labour Party wants to see just €2 billion in cuts in the next budget but economists have said we must stick to the plan. What do you think?
# Budget 2014
Lynch: Labour wants €2bn worth of budget cuts instead of proposed €3.1bn
Minister for State Kathleen Lynch said she has yet to discuss this with coalition partners Fine Gael.
# Up In Smoke
Charities call for 60 cent Budget hike in cigarette prices
The pre-Budget call from the Irish Cancer Society and the Irish Heart Foundation is aimed at tackling the “enormous economic cost of smoking-related illness”.
# Politicians' Pay
Pearse Doherty: Most TDs and Ministers use their pay to buy a new car or go on holiday
While the Sinn Féin TD said he and colleagues take home the average industrial wage most other TDs and ministers use some of their wages to buy a new car, go on holiday, put it in the bank or buy shares in the bank, he claimed.
# Exchequer Returns
Exchequer returns: VAT receipts nearly €250 million behind target
But the deficit for the first eight months of this year was over €4 billion less than it was in the first eight months of 2012.
# shifting plates
New '132' reg system drives huge increase in August car sales
There was a 20 per cent increase in new car sales in August compared to the same month last year. However, looking at the year as a whole, sales are down 8 per cent.
# Budget 2014
Labour TD says protect social welfare, but FG TD says spending is not sustainable
Two government backbenchers have outlined vastly different approaches to Budget 2014 in columns for TheJournal.ie in the last 24 hours.
Voices
Column: 'Now is not the time for excessive cuts that will damage our recovery'
Labour TD Kevin Humphreys believes that an unnecessary €3.1 billion adjustment, as some in Fine Gael have proposed, would result in lower growth and loss of confidence and says that promissory note savings should be used.