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Infrastructure spending, but 'no bonanza' in 2018 Irish budget

Europe
10.10.2017
By our dpa-correspondent and Europe Online    auf Facebook posten  Auf Twitter posten  
Dublin (dpa) - Ireland‘s national budget for 2018 is to contain extra money for housing and infrastructure as well as modest tax reductions, Irish Prime Minister Leo Varadkar said Tuesday.

"There‘s no fireworks, no big bonanza," Varadkar told Irish media ahead of the budget announcement.

Finance Minister Paschal Donohoe is expected to cut an unpopular universal social charge introduced during the austerity budget after Ireland‘s economy crashed in 2008.

It is also anticipated that working people will benefit from modest tax band changes, since Varadkar identified this as a priority.

The budget is also expected to contain provisions of at least 170 million euros (200 million dollars) for the reimbursement of water charges.

Widespread protest and non-payment of the water charges, introduced by the previous Fine Gael administration to comply with EU directives, pressured the government to scrap the scheme for a new one based on excessive use penalties. Those who paid the charges must now be reimbursed.

Ireland‘s homeless charities also have high hopes the budget will contain measures to tackle Ireland‘s deepening housing crisis. Charity focus Ireland says over 8,000 people have no fixed abode.

 

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