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Wednesday 31 May 2023 Dublin: 15°C

# Spending

30th May 2023
Opinion: 'How to spend the country's €65 billion surplus and make people happy'
Dr Mark Henry argues that Ireland’s budget surplus should be invested in the blueprint for national well-being.
Last year
Analysis: This year was a financial rollercoaster - what will 2023 bring for your money?
Financial advisor Ralph Benson looks at the highs and lows of the economy this year and asks if the future is brighter.
Eddie Howe hits back at comments on Newcastle's €243 million spending spree
Liverpool boss Jurgen Klopp recently included the Magpies in a list of clubs he suggested have ‘no ceiling’.
# Regulator
National Lottery spent €120 million of unclaimed prize money on marketing since 2015
Some TDs have taken issue with the licensing of the lottery.
Money Diary: An office worker in the east on €26K working in Dublin
This week, our reader is enjoying a hybrid work setup.
# Public Spending
Costs of climate action measures and Slaintecare not properly recorded, committee told
The pensions issue, climate financing and healthcare reform are the main challenges for Ireland’s finances.
# comparison
The good, the bad and the alright: Ireland's healthcare system compared to the rest of the EU
Our interactive graphs showing where Ireland ranks compared to other EU countries.
# Money Money Money
Spending watchdog warns that inflation crisis could hurt govt's budget for big ticket plans
The Irish Fiscal Advisory Council urged the government to properly factor in the cost of major health, climate and defence plans.
Opinion: Keeping your money working for you - how to deal with rising costs
Financial expert David Quinn says it’s tricky at the moment as the cost of living rises – but there are little changes you can make to help your pocket.
All time
# Spending
Exchequer spent estimated €17.1 billion as a result of Covid-19 in pandemic's first year
The Comptroller and Auditor General annual report was published today.
# spend spend spend
More than €1 billion spent in contactless payments during May as economy re-opens
The daily spend of individual contactless payment users exceeded €16 for only the second time since 2016.
Money Diaries: A project manager on €67K living in Wexford in a house she and partner just bought
This week, our reader is busy working from home while renovating a new house with her partner.
Money Diaries: A warehouse worker on €22K living and working in Dublin
This week, our reader is working late shifts and managing health and wellbeing.
Money Diaries: A primary school teacher on €45K living in Sligo
This week, our reader is enjoying life in Sligo during lockdown and watching her spending.
Money Diaries: An IT consultant on €126K living and working in London
This week, our reader is busy managing family time along with long working hours.
Money Diaries: A warehouse worker on €21K living at home because rents are so high
This week, our reader is glad to be still working during Covid and is trying to make his earnings work for him.
# Coronavirus
One in four people in Ireland cut spending on food and utilities during pandemic, study finds
That’s according to research carried out by Red C on behalf of St Vincent de Paul.
What does Budget 2021 mean for you? Financial planner Eoin McGee has some answers
Eoin McGee looks at yesterday’s budget and breaks down what it means for some members of the workforce.
# Pandemeconomics
No increase in income tax planned, says finance minister
Paschal Donohoe was speaking about what the upcoming Budget might look like.
# Central Bank
Money being spent on credit and debit cards is almost back to pre-Covid levels
There was a sharp drop in ATM withdrawals in April.
Money Diaries: A 25-year-old customer support technician living with flatmates in Galway
This week, our reader details how he’s working from home and hanging out with flatmates, while also playing Football Manager.
# Spending
Premiership Rugby could revamp salary rules after Saracens breach
The European champions were severely sanctioned for breaching spending rules that will now be subject to a review.
# Robert Watt
Top civil servant: 'Government should be able to walk away from projects if the cost works out greater than expected'
Watt previously warned ministers about not proceeding with the national broadband plan.
# Spending
TDs' and senators' salaries cost €19m last year - a 4.5% increase from 2017
Gardaí are also investigating one case of fraud in relation to an Oireachtas salary.
# Tax Cuts
Leo Varadkar says plan to raise top tax rate to €50k may have to wait
The Taoiseach defended the policy but said it may not happen immediately.
# First Holy Communion
Parents spending over €900 on average for their child's Communion
A quarter of children make over €800 on their Communion day.
# prudency
Government must 'wean itself off' bloated €10.4bn corporation tax receipts, says budget watchdog
The Irish Fiscal Advisory Council says corporation tax levels could be €6 billion above conventional levels.
# carlow arts festival
This transparent piggy bank will be put on a Carlow street - and the money can be used for anything
People will be invited to put money into the pig – and the money can be spent however the community agrees to spend it.
# Spending
Gardaí have spent €20 million on private tow truck firms since 2012
Gardaí say it’s the price to pay for good police work.
# hitting home
Christmas spending: We're not in 'panic mode' but Brexit is putting the brakes on plans to splash the cash
In the UK, consumer confidence registered the largest monthly decline in seventeen months in November.
# Shop Till You Drop
Retail group predicts Irish households will spend an average of €2,690 this December
Retail Ireland said that there will be an increase in sales this year of over €150 million.
'Our living standards aren't improving because of the unwillingness by govt to correct market failures'
Despite strong headline growth figures, living standards in Ireland are actually below Italy and just a little above Cyprus, writes economist Robert Sweeney.
Opinion: 'Can money buy you happiness? Not if you're spending it the wrong way'
Gill Hasson says that you should spend your money on experiences, not things.
# play it cool
Government wants future budgets to 'lean against the wind'
The Summer Economic Statement this year sets out the plans for next year’s Budget. And it’s all about cooling those jets in case Ireland overheats.
# lunch crunch
Poll: Are you planning a 'buy nothing' break this January?
Give it to us straight. Be honest.
# kakeibo
Could this Japanese budgeting journal help you save money in 2018?
We’ve had the Japanese art of tidying up – now it’s the Japanese art of saving money.
# Rulebook
Ireland needs to break EU rules in order to build more houses, says Solidarity-PBP
Richard Boyd Barrett said the government needs to declare Ireland’s housing crisis an emergency.
# let's get fiscal
Fiscal Council says Ireland is still vulnerable and warns against extra Budget spending
The council said any additional initiatives should be funded by tax increases or a re-allocation of spending.
# Personal finances
Irish consumer confidence hits highest level since recession
Ireland is now the fourth most confident country in Europe, overtaking the UK for the first time in almost nine years.
# Growth
Ireland's 'lost decade' ends as domestic spending returns to Celtic Tiger peak
Goodbody said the Irish economy will reach full employment by the end of next year.