The Minister for Finance, Michael Noonan, has said this year’s budget will see more spending than tax breaks.
Mr Noonan who was speaking earlier today, said although there will be some tax cuts for employees, the budget will actually see more spending in public services.
Mr Noonan said: “There is some money to spend, which there hasn’t been in previous budgets. We have decided the resources available will be divided on at least a 2:1 basis, between tax reductions and increased expenditure – in favour of public expenditure. There’ll be quiet significant increases in public expenditure.”
“There will be tax reductions, and they will apply to low paid and middle income people, but the big benefits of tomorrow’s budget will be improvements in the services; there’ll be extra money for health and education, and for law and order on the streets, and for childcare.”
Mr Noonan added: “These are issues the squeezed middle are very interested in as well. So the big benefits will be on the expenditure side, rather than on the tax side.”
H/T Irish Examiner