TAKING THE PAIN: BUDGET 2012 (PART ONE)

first_imgPART one of the Budget from Hell was presented to the Dail today by Minister Brendan Howlin – with more pain to follow tomorrow.In the first part of what will be seen as one of the most austere budgets in the history of the state, Minister Howlin presented a series of changes which will hit families, workers, the unemployed and businesses across Co Donegal.Speaking on RTE Sinn Fein Deputy Padraig MacLochlainn said it was “incredible” that billions of euro worth of cuts were being made “at a time when this Government is about to hand over another two billion euro to unsecured bondholders.” He insisted: “And they are doing this when every single economic observer says we shouldn’t be.”There are already rumours that several Labour Party backbenchers will vote against the austerity measures.AT A GLANCESOCIAL PROTECTION CHANGES No reduction in weekly rate of social welfare payments.Child benefit for first and second child to remain unchanged.Changes to the one-parent family payment will save €20.7mCut of six weeks in the cold weather allowance.Jobseekers’ benefit to be based on five day week. Changes to the redundancy and insolvency scheme will reduce the employer rebate from 60% to 15%.HEALTHThere will be extra charges on private treatment in public hospitals€543m will be saved in cuts to the health service. Drug Payment Scheme monthly threshold up from €120 to €132Secure 2% cuts in disability, mental health and children’s services, saving €50 millionEDUCATIONCapitation grants to schools cut by 2% – €7m savingIncrease of €250 in the third level student contributionChanges to fee and maintenance supports for new post-graduate studentsBack-to-school grants for two and three year olds scrappedREFORMReduced allowances and secretarial supports for former TaoisighReformed Ministerial transport arrangementsNumber of Oireachtas Committees reducedSavings of €105m in Dept of Agriculture, Marine, FoodSavings of €45m in Dept of Transport, Tourism, SportSavings of €34m in Environment, Community, Local Govt€20m to be allocated for new Labour Market Activation FundPublic service pay bill to fall by €400 million in 20126000 civil service jobs to be axed in 2012.TAKING THE PAIN: BUDGET 2012 (PART ONE) was last modified: December 5th, 2011 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:budget 2012last_img

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