BUDGET
2019
Colm
BROPHY TD Tel: 01-6183196
A Responsible & Affordable Budget Fine Gael in Government manage the public finances responsibly Provide significant additional capital investment to enhance the growth potential of our economy and to improve the quality of life for our people
INVESTING NOW FOR THE FUTURE
Protect the most vulnerable in our society and promote real and sustainable increases in living standards for all Prepare the economy for Brexit - responsible budgetary policy is the best preparation
Budget 2019 will deliver the largest increase in capital investment in a decade. We will invest an additional €1.5bn to provide more & better schools, hospitals, primary care and public transport for our people. This is almost a 25% increase bringing overall capital spending to €7.3bn in 2019.
CAREFUL & RESPONSIBLE MANAGEMENT OF THE PUBLIC FINANCES We will continue to manage the public finances in a careful and responsible way by balancing the Budget for the first time since 2007. When the economy is growing, we will run surpluses and use them to pay down debt and build up the Rainy Day Fund (€500m p.a.), to protect ourselves in the long-term. And we will continue to enhance living standards through steady and sustainable increases in day to day Government spending. We are cutting borrowing so that we are more prepared for future risks, not least Brexit.
CBrophy_BudgetOverviewLeaflet_Oct18.indd 1
DELIVERING LASTING PROSPERITY TO ORDINARY WORKERS AND FAMILIES The entry band to the higher 40% rate of income tax is being increased by €750 to €35,300 for a single worker. The USC has been cut again: the 4.75% rate reduced to 4.5%. Self-employed: increased ‘Earned Income Tax Credit’ by €200 to €1,350; and will become eligible for Jobseeker’s Benefit from Quarter 4, 2019. We will increase the minimum wage to €9.80, the 5th time that Fine Gael has increased it.
18/10/2018 17:07