On Tuesday 11 October 2016 Minister for Finance, Mr. Michael Noonan, delivering his first budget since the general election.
Despite the Irish economy performing well during 2016, the government’s room for manoeuver on tax and expenditure matters was somewhat limited. The increased risk to the Irish economy as a result of Brexit and the need to put in place measures to prevent against possible economic shockwaves featured prominently in Mr. Noonan’s speech. The budget package for 2017 is €1.3bn, some €200m less than the current year’s budget, split three to one in favour of spending over tax cuts.
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