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Budget 2027 GSA

Page 1

Budget 2027

Making Work Pay Budget


2

Budget 2027

BUDGET OVERVIEW ˗>JÁO>>DKÁͱ?ÁKH><ME:LBͱG Á BG:G<>Á&BGBKL>JÁ ,BFͱGÁ!:JJBKÁ:G=Á)M;EB<Á PH>G=BLMJ>Á&BGBKL>JÁ #:<DÁ A:F;>JKÁA:N>Á=>EBN>J>=Á M=@>LÁͬ ͬ &JÁ!:JJBKÁK:B=ÁLA>Á;M=@>LÁO:KÁ;>BG@Á=>EBN>J>=Á :LÁ:ÁLBF>Áͱ?ÁF:CͱJÁ@Eͱ;:EÁMG<>JL:BGLQ )>ͱHE>ÁG>>=ÁLͱÁ?>>EÁLA>Á;>G>˓LKÁͱ?Á><ͱGͱFB<Á @JͱOLAÁBGÁLA>BJÁͱOGÁ=:BEQÁEBN>KÁ:G= ÁBG=>>= ÁBGÁ LA>BJÁHͱ<D>LK ÁLA>Á-ƞG:BKL>ÁK:B= FͱG@ÁLA>ÁFͱKLÁGͱL:;E>ÁF>:KMJ>KÁBGLJͱ=M<>=Á O>J>Á<A:G@>KÁLͱÁLA>ÁAB@A>JÁJ:L>ÁL:PÁ;:G=K Á FͱGLAEQÁ<ABE=<:J> <ͱKLÁEBFBLKÁ:G=Á:ÁH>JKͱG:EÁ BGN>KLF>GLÁK<A>F> &JÁ A:F;>JKÁK:B= Á ÁF:JJB>=Á<ͱMHE>ÁOBLAÁͱG>Á <ABE=ÁBGÁ?MEE LBF>Á<ABE=<:J> Á;ͱLAÁOͱJDBG@Á:G=Á OBLAÁ:Á<ͱF;BG>=ÁG>LÁBG<ͱF>Áͱ?ÁÄ ͮ Á<:GÁ >PH><LÁLͱÁK>>Á:Á@:BGÁͱ?ÁͱN>JÁÄͭ ͮ ÁG>PLÁQ>:JÁ Á :Áͭ ґÁBG<J>:K>Á Á;><:MK>Áͱ?ÁLA>Á=><BKBͱGKÁO>Á :J>ÁF:DBG@ÁLͱ=:Q Camden Digital Centre, 12 Camden Row Dublin 8, D08 R9CN tel.: 01 4790547 fax: 01 4790549

www.gsassociates.ie


Budget 2027 WELFARE

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3


4

Budget 2027

HOUSING

ENERGY

• €9.4 billion has been allocated for housing

• Restoring of excise on petrol and diesel, due to begin on November 1st, has been postponed to February 28th.

• €2.2 billion to support social housing needs of 110,000 households • €3 billion to fund social housing delivery including 11,250 new build social homes • €225 million allocated to the Housing Infrastructure Investment Fund

INFRASTRUCTURE • €2.3 billion allocated to Uisce Éireann, €1.5 billion used to build capacity and increase resilience • MetroLink - an additional €6 billion to progress from 2027 to 2030

FARMING • Fuel Income Support scheme extended to cover further five-month period this year. • Removal of three-year holding period for applications around Succession Farm Partnerships. • Tax credit for Succession Farm Partnerships to double from €5,000 to €10,000. • Vat reduced from 23% to 9% on respiratory vaccines for livestock. • €31m for a new fertiliser scheme, €4m for the Straw Incorporation Measure (SIM).

• Gradual restoration thereaſter in four phases, with a full restoration not occurring until 30 June 2027. • Reductions in carbon tax on kerosene and natural gas have been announced to €48.50 per tonne. • Fuel allowance increase by €5 to €43 per week with higher income threshold for single people over 66 of €641.

CLIMATE • VRT relief for electric vehicles extended for another 2 years until December 31st, 2028. • VRT rates increasing by 1% on more pollutant cars in bands 3 to 20. • €654.5 million for SEAI residential and community energy upgrade schemes. • €170 million allocated to climate action & the environment.


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7

TA7 CREDITS FOR 8EAR 2027 PERSO-AL

RATES 2027

2027 2026

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8

Budget 2027

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