Information on Budget 2019...Issued October 9th 2018
Excerpts from the Minister of Finance Mr. Paschal Donohoe T.Don Budget Day 2018....
A decade on from the financial and economic crisis that wrought havoc with the lives and aspirations of so many of our citizens, I can report that our economy is again growing strongly and sustainably. A record number of people have jobs and many of our citizens who left in the wake of the economic crisis are returning home. Our public finances are balanced. The policies pursued by this Government and its predecessor facilitated this. This has enabled us to invest record levels of funding into our key public services, including health and education. The shared progress we have made is real
However, the risks and challenges that we now face are equally real. We are working hard to deliver sufficient housing to provide secure and affordable homes for all our people. Brexit, the outcome of which is still unclear, edges closer each day.
Increasing trade barriers are raising the spectre of protectionism and the international tax landscape is changing rapidly. For these reasons, we must continue to maintain a broad and stable tax base, ensure our spending is efficient and sustainable and that our economy is as resilient in bad times as it is dynamic in good times.I will run a budgetary policy that will see a budget balanced and will be designed based on what is right for the economy at each stage of the economic cycle. I want to acknowledge the input of all colleagues in Government in preparing this Budget and the constructive engagement of the main opposition party in the context of the Confidence and Supply Agreement.
The Budget I am setting out to the House today will further develop the underlying strength and resilience of our economy. We will 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; protect the most vulnerable in our society and promote real and sustainable increases in living standards for all and prepare the economy for the challenges of Brexit – the best preparation for which is responsible budgetary policy.
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