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Budget

On October 11, the Government published its White Paper in advance of Budget 2009.Without taking into account changes to be introduced on Budget Day it shows an expected Budget deficit of nearly €15bn in 2009, a reduction in capital spending of 6.3% and an expected fall in tax revenue of more than €1bn in 2009.  Initiatives to be announced on Budget Day will cause these numbers to change. 

This Bill provides for increases in the rates of social insurance and social assistance payments and improvements in Family Income Supplement. It also provides for certain amendments to the social welfare code, as announced in Budget 2009, and includes amendments to PRSI. The Bill also provides for amendment to a number of other Acts, including the Pensions Acts 1990 to 2007, the Civil Registration.

The roots of the current economic crisis lie in a set of policy decisions taken in the late 1990s.  It is important that this fact be recognised and acknowledged before decisions are made on the second Budget for 2009.  Otherwise the decisions made may serve to worsen the situation rather than provide a pathway towards a solution. 

Over the past half century Ireland embraced the whole process of liberal globalisation with enthusiasm. It built on the policy of free trade from the 1960s onwards. Its imports and exports as a percentage of GDP are among the highest in the world.

Government published the Finance Bill on November 20th, 2008.  They also published an explanatory memo and list of the items contained in the bill.

Documents can be accessed below

Working Poor and Children Lose Out in Budget 2009 

Budget 2009 did not protect the vulnerable. The working poor and children lose out in Budget 2009. Other social welfare recipients will also be worse off in real terms in the coming year.

Working Poor and Children Lose Out in Budget 2009

Budget 2009 did not protect the vulnerable. The working poor and children lose out in Budget 2009. Other social welfare recipients will also be worse off in real terms in the coming year.

This happened despite the fact that the distribution of resources in Budget 2009 was very progressive with the only net beneficiaries being people in receipt of social welfare payments.

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