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Budget 2026

2

Comments

  • Registered Users, Registered Users 2 Posts: 2,614 ✭✭✭combat14


    from rte - where exactly is the 5,900,000,000 extra in current expenditure going.. .

    "Is the Government spending too much?

    The overall spending increase is due to be €9.4bn in the Budget. Of that, €5.9bn will be the increase in current expenditure such as wages.

    Capital spending will rise by €2bn. That leaves €1.5bn for tax cuts. But the VAT reductions on hospitality, apartment sales and energy will eat into that figure.

    That will put huge pressure on ministers regarding where to allocate the other tax cuts. So, is the Government spending too much? Some economists think so.

    The Central Bank, the Irish Fiscal Advisory Council and the Economic and Social Research Institute all warn that the spending increase of €9.4bn is too large."



  • Moderators, Sports Moderators, Paid Member Posts: 32,738 Mod ✭✭✭✭Podge_irl


    Probably, but the Irish electorate has never valued prudent spending and never rewards parties who push it.



  • Registered Users, Registered Users 2 Posts: 2,614 ✭✭✭combat14


    irish workers also like to see indexed tax credits/bands and dislike real terms tax rises

    if the country is that fecked when we are running budget surpluses it is probably time for ordinary workers to stop spending and tighthen their belts



  • Site Banned Posts: 7,421 ✭✭✭gameoverdude


    Jaysus. Don't take it personally.

    I was just giving my opinion.

    I disagree with the vat decrease.

    Substantial amount of tax from the budget.

    Maybe look at dynamic pricing. No issue with establishments going under if pulling the phish.



  • Registered Users, Registered Users 2 Posts: 26,087 ✭✭✭✭Kermit.de.frog


    The Business Post is saying that next year the government will be spending over 50% of the windfall corporate tax receipts due to next week's budget and this leaves the public finances dangerously exposed if those receipts suddenly take a turn.

    All the windfall taxes should be put away in investment funds for future returns. The country will never have this opportunity again unless we strike serious amounts of oil.

    It's being squandered.



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  • Registered Users, Registered Users 2 Posts: 18,701 ✭✭✭✭Idbatterim


    Per the above post, the economic mismanagement here, for the last twenty years etc, is obscene! If the massive corporation tax take ceased, it would be a sight to behold ! Imagine them tinkering with the worlds most generous welfare state and how it would be torture for them to touch it.



  • Registered Users, Registered Users 2 Posts: 577 ✭✭✭Grassy Knoll


    in a nutshell there was a fixed quantum of resources available for tax cuts this year to pour more money into an overheating economy would have been reckless.. Simon Harris (he of the children’s hospital fiasco) committed to the VAT 9% so no resources then for a tax package. It’s a question of,trade offs, one which could well backfire. Joe public will not see a 4.5 % reduction in their hospitality bills, it will be trousered as a subsidy paid by us in terms of tax foregone to the Exchequer. I’m not sure many of his FG colleagues are happy with this including Pascal Donohoe …



  • Registered Users, Registered Users 2 Posts: 5,254 ✭✭✭jackboy


    Tightening belts may not work. In the next recession the Government may massively increase income taxes and go after people's savings and pensions. Where else could they possibly get money. They are not going to slash the dole and child benefit.



  • Registered Users, Registered Users 2 Posts: 577 ✭✭✭Grassy Knoll


    well based on Simon Harris’s commitment we are narrowing the tax base (rate cut to the hospitality sector / subsidy) so more than likely it will be workers who get it …



  • Registered Users, Registered Users 2 Posts: 18,701 ✭✭✭✭Idbatterim


     

    https://www.businesspost.ie/analysis-opinion/ian-guider-credibility-of-donohoe-and-chambers-at-stake-on-tuesday-in-budget-2026/

    "If it were not for the miracle of ongoing record corporation tax receipts, we would be heading for a deficit this year of around €8 billion, according to IFAC. This is no way to run an economy at the best of times, let alone amid today’s uncertainty."

    You can read any number of articles today in the sunday business post, on the government's wreckless spending ... don't worry, all pf these absolute fools,POD, Chambers and mickey mouse, will be sailing off into the sunset with their big pay and pensions, when they bring the **** crashing down again...



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  • Registered Users, Registered Users 2 Posts: 2,614 ✭✭✭combat14


    unfortunately we need to widen the tax base - if you look at france/germany many lower paid workers pay at least some level of tax - its not all left to the squeezed middle



  • Registered Users, Registered Users 2 Posts: 18,701 ✭✭✭✭Idbatterim


    They need to massively up the lpt for a start, wont happen. Increase social housimg rents. Take far more into the tax net, as per the above. Non of this will happen...



  • Registered Users, Registered Users 2 Posts: 2,423 ✭✭✭Dr Robert


    More rent tax and mortgage tax reliefs no doubt. Ridiculous waste of money.



  • Registered Users, Registered Users 2 Posts: 1,350 ✭✭✭Fanny Wank


    I'm not sure why people are complaining. We had a general election less than 12 months ago. Over 80% of first preference votes were cast for the govt parties or parties with the same fiscal outlook. There has been budget after budget where the higher rate cut off point hasn't followed inflation, where welfare recipients get more than workers, where public expenditure has ballooned, where the split of expenditure increases vs tax cuts has massively favoured the former. Anyone shocked at this simply hadn't been paying attention

    We're getting what the vast majority of people voted for, end of. Not happy? Maybe think of that next time one has a ballot paper in one's hands

    Oh and are we going to carry on with the pretence that FF & FG are centrist or even *stifles laughter* right wing



  • Registered Users, Registered Users 2 Posts: 18,701 ✭✭✭✭Idbatterim


    Ffg are left wing. In their joke of an election manifesto, page 18, fg talk about the importance of continuing to raise the threshold. Nobody, could have foreseen that in 2026, when the economy is booming, that they wouldn't increase the threshold... you're right about welfare over work. There is no solution to that though, as there are no credible parties... that is why ffg Can get away with this lunacy..

    Post edited by Idbatterim on


  • Registered Users, Registered Users 2 Posts: 18,701 ✭✭✭✭Idbatterim


    It would be fascinating to see! Like you say, they'll do nothing. They'll borrow to the hilt again as that's the easy way out, like the last time... difficult decisions? Lol... the place is already a basket case, why not reform now ? They said they would... because they have no interest in it, too much like work...



  • Registered Users, Registered Users 2 Posts: 4,201 ✭✭✭HBC08


    Because we're in the absolutely unbelievable situation where the alternative party are actually worse.

    Hopefully by the next election we might have a viable party that represents the views of the ordinary working people of the country.



  • Registered Users, Registered Users 2, Paid Member Posts: 7,743 ✭✭✭Allinall


    It's mainly the ordinary working people of Ireland that voted in the current government.

    They make up the largest voting block by far.



  • Registered Users, Registered Users 2 Posts: 4,201 ✭✭✭HBC08


    I voted Aontu but all the other votes down the ballot to FG so im included in that.

    I'd probably do the same again.

    As I say it's truly unbelievable that theres no credible alternative after 15 years of a government that nobody is happy with.

    This hasn't happened in any other 1st world country in my lifetime (to my knowledge anyway)



  • Registered Users, Registered Users 2 Posts: 1,350 ✭✭✭Fanny Wank


    "Because we're in the absolutely unbelievable situation where the alternative party are actually worse"

    Why anger then and not relief?

    April is bonus month in my workplace. Without fail you'll hear people who've voted FF/FG complain that 52% has gone up in smoke. When I tell them to stop complaining about what they voted for I usually get a "but SF would be worse" response. There is then silence when I ask why are then not relieved it's only 52% and not higher?

    No party will move rightward (and any move right would simply pull them towards the centre) until they're forced to. Tell canvassers on the doorstep why you won't vote for their party and then follow through by not voting for them. Maybe we need a dail full of independents for parties to actually cop on.

    But this won't happen. People will continue to vote for the usual suspects when they know (or should know) what the outcome will be; then complain when they get that same outcome.

    The furore over this is basically "I can't believe we're getting left wing fiscal policies from the fiscally left wing parties we voted for"



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  • Registered Users, Registered Users 2 Posts: 18,701 ✭✭✭✭Idbatterim


    I'll tell you what I can't believe! That is all we have to choose from... a new party form's and this would be glorious, because it would force those ffg rats to compete, I.e start rewarding work more than welfare. Option 2. You vote sf etc, as a consequence of ffg piss taking, I'm not saying sf are good, their likely worse, but ffg will care if they lose seats. This is a win / win , they lose seats because they take the piss, if the whole thing blows up under sf, ffg have actually created this situation. My favoured outcome, the **** hits the fan with the ffg wasters, joined at the hip, before the next election.. there won't be any more we'll Fg in government wouldn't have done that, ff wouldn't haven't done that. The coalition of failure are in bed together now... bring it on...

    There needs to be restraint and sounding needs to be brought under control. They cam start with all pf the welfare bonuses... how many hundred million. A year is that farce ? Stert with welfare... that's what's miles out 9f sync with our european peers. A marginal tax rate thays insane, on a pittance income is also out of whack... but what a surprise, welfarers before workers os nothing new wurh this country...



  • Registered Users, Registered Users 2 Posts: 18,701 ✭✭✭✭Idbatterim


    Where is Lucinda Creighton when you need her, more balls and talent than the rest of those wasters in the Dail combined...

    Those wasters in rte were mentioned above, whike we are on them, they are massively responsible for where we are as a country, dir to being a government mouth piece. Have they ever done welfare documentary as are common in other states, ever held a debate on the welfare state ?

    There are also 30 000 extra homes a year being built. They will get the license fee from those, so why in god's name , should the license fee, ever increase again, to fund that overpaid, overstaffed government propaganda?

    Post edited by Idbatterim on


  • Registered Users, Registered Users 2 Posts: 4,201 ✭✭✭HBC08


    The choice we have from the main parties in this country are left,lefter and stupid left.

    Would you believe that " relief" is not my main reaction to this.



  • Registered Users, Registered Users 2 Posts: 18,701 ✭✭✭✭Idbatterim


    We're on the same page, simply tell them when you see them on the street, when they come to your door, email them. Tell them you're not interested in their **** governance and it needs to change...



  • Registered Users, Registered Users 2 Posts: 2,423 ✭✭✭Dr Robert


    Fine Gael left wing?

    🤣🤣



  • Registered Users, Registered Users 2 Posts: 18,701 ✭✭✭✭Idbatterim


    thats right. What would you call an obscene welfare state and a marginal rate of tax , that kicks in over a nothing income ? Right wing ? 🤣

    Post edited by Idbatterim on


  • Registered Users, Registered Users 2 Posts: 33,358 ✭✭✭✭breezy1985


    How in the sweet divine space pope is any of this thread within the rules of the politics forum.

    It's just the nonsense ramblings of people who live in bubbles. The budget isn't even out yet.



  • Registered Users, Registered Users 2 Posts: 18,701 ✭✭✭✭Idbatterim


    What are you talking about Willis? The no change regarding income tax, is from the horses mouth, pascale odonohue. If its more kite flying, it really is pathetic...

    Elaborate on the bubble bit, you're in the bubble, this is reality...

    Post edited by Idbatterim on


  • Registered Users, Registered Users 2, Paid Member Posts: 17,890 ✭✭✭✭astrofool


    You're calling FG left wing, that undermines most of your points and puts you quite far to the right on the economy.

    Far right economics has not been popular in this country thus far.

    Acknowledge and engage from that position and you may gain more traction.



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  • Registered Users, Registered Users 2 Posts: 4,282 ✭✭✭Dazler97


    doesn’t look like a good budget at all most aren’t but the last 2 years for me have been good , I also think instead of giving the energy credits in the past they should have just given more people eligible , I wonder if the government are worried about trumps tariffs or what



This discussion has been closed.
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