Minister Pascal Donohoe on what’s in store for the budget
The Government will make €8.3 billion in additional funding available for use in Budget 2025, its last before the next general election.€1.4bn of that money is to be spent on funding tax cuts and €6.9bn is to be used for increased expenditure.It means that total spending will rise by 6.9% in 2025, once again breaching the Government's own National Spending Rule, which is supposed to limit overall annual spending increases to 5%.
Minister Pascal Donohoe joined Pat this morning in studio this morning.
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