Government’s €1.3bn budget package breached EU rules – but won’t draw fines

Ireland’s 2017 budget goes beyond the limit of prudent policy, the country’s fiscal watchdog said Wednesday after the government announced a €1.3bn package of spending increases and tax cuts. The measures appear to break European Union budgetary rules, but not by a significant enough margin to justify fines, the head of Ireland’s Fiscal Advisory Council […]

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Budget 2017: Anti-burglary initiative Operation Thor to continue for another year

The garda anti-burglary initiative, Operation Thor, is to continue next year after €71.5m was set aside for overtime payments. But Tánaiste and Justice Minister Frances Fitzgerald has said no additional money is being set aside for garda pay claims. The funding for Operation Thor is part of the €2.5bn Department of Justice Budget for 2017 […]

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Restauranteurs rejoice at decision to retain reduced 9pc VAT rate

Hoteliers and restauranteurs have welcomed the decision to retain the reduced 9pc VAT rate in Budget 2017. But Michael Noonan appeared to fire another warning shot across the bow of the tourist industry in particular, noting that the economic case for the special rate has arguably diminished. “The tourism and hospitality industry has recovered well,” […]

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Five things Budget 2017 did for the motorist

The main speeches have been given, the briefcase has been pictured and we’re trying to figure out what it means for us. If you’re a motorist, no fear, here are the five things it means for you: 1. Push to go electric VRT relief (€5,000) on electric vehicles is extended for five years. Buyers benefit […]

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Jobs: 4,500 new nurses, gardai and teachers to be recruited in coming months

Rural job creation will form the cornerstone of a multi-million Euro plan to spread Ireland’s recovery throughout the country. And about 4,500 frontline staff, such as nurses, gardai, and teachers will be recruited in the coming months, as part of a far-reaching employment package announced in the budget. In addition, €52 million has been allocated […]

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Sinead Ryan: Five ways we’re richer after Budget 2017

WITH the detail of the latest Budget still being examined, personal finance expert Sinead Ryan has a snap reaction on some of the measures that will benefit us financially: *OAPs getting fiver extra and a restoration of 85pc of their Christmas bonus. If they’re smokers, it’ll probably get spent though… *Anyone on housing assistance programmes […]

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