Saturday 19 April 2014

Seamus Coffey: It’s clear the Government has no overall vision for where it wants to take the country

THE two halves of Budget 2013 have finally being presented to us. In introducing the Budget it was indicated that there would be €1.5 billion of tax increases and €2 billion of expenditure adjustments.

The taxation measures introduced are expected to have an impact of €1.1 billion in 2013, with the full impact occurring once the 12-month property tax and changes to pension limits become effective in 2014.

Brendan Howlin delivered what is classed as the public expenditure element of the Budget but contained within that are many revenue-raising measures. In health, increased prescription charges for medical card holders and increased charges to private patients are expected to raise over €100 million next year and €150 million in 2014.

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