Minister for Finance Paschal Donohoe and Minister for Public Expenditure and Reform Michael McGrath will announce Bidget 2023 on Tuesday. Image: Sam Boal Minister for Finance Paschal Donohoe and Minister for Public Expenditure and Reform Michael McGrath will announce Bidget 2023 on Tuesday. Image: Sam Boal AS THE GOVERNMENT makes the final decisions on next year’s budget, new figures project that the surplus in public finances this year will be €4.415 billion.
Casting ahead to next year, the surplus is projected to balloon to nearly €11.8 billion, but this forecast does not take into account any decisions that will be announced in Budget 2023 on Tuesday.In April, finance minister Paschal Donohoe sought to downplay a potential budget surplus while in July the Government adjusted forecasts for this year from a deficit to a small surplus of around €1.2 billion.
To address this, the White Paper included alternative figures based on a possible collapse of more than €9 billion in corporation tax receipts. Some of the key measures in Budget 2023 are likely to be tax-based changes and tax breaks for both landlords and renters.A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article.
'Making the final decisions' 😂😂😂😂😂 Do you think the WEF would let Mehole, cLeo & Eamo run things? That budget was sent to them, weeks ago! Puppets
Things your never see with a SF government....
They are paying it down, by inflating it away.
Not a word about paying down national debt now but how we can spend the surplus & several years ago it was how future generations been burdened with the national debt.
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Public finance surplus projected to be over €4.4bnThe surplus in the public finances this year is projected to be just over €4.4 billion according to the Department of Finance. Next year, the surplus is projected to reach almost €12bn but this is before any decisions are made in next week's Budget Put it under the mattress, don't put it into the banks. The global economy is inching over a cliff and it's a long way down. There's a storm coming and we can't spend our way out of it. Great opportunity for government to invest in those key challenges that will become systemic threats to our democracy if left unaddressed. Start with a mass land acquisition and vacant buildings program an build homes in sustainable communities. 👏👏
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