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13th October, 2021
Budget 2022 was announced in the midst of an ongoing global pandemic and in a world post-Brexit. The Budget focused on sustainable recovery after the events of the last 18 months. Despite suggestions that there would be an improvement in public finances, the budget is in line with the Summer Economic Statement and will total €4.7bn.
The budget package is split between expenditure, tax and revenue measures worth €4.2bn, €500m, and approximately €230m respectively. The Minister also announced the establishment of a contingency fund amounting to €4bn.
In our webinar below, Davy Chief Economist, Conall MacCoille was joined in studio by David Farrell, Head of the School of Politics and International Relations at UCD, Paula Finlay, Director of Pensions, Davy Private Clients and our host, Vincent Wall, Business Editor at Newstalk to discuss the economic and political impact of Budget 2022.
Watch recording in full to find out more.
This article is based on our understanding of Budget 2022 as presented by the Minister for Finance, which is due to be implemented in the forthcoming Finance Act. Changes may be made by the Minister prior to implementation. This article is general in nature and is not intended to constitute tax, financial or legal advice. It does not take account of your financial situation or investment objectives. Prior to making any decisions which have tax, legal or other financial implications, you should seek independent professional advice.
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12 October, 2021
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