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The key points from today's budget and how it will affect you
10 October 2017, 07:02 | Melissa Porter
Fianna Fáil launched its budget submission today
By increasing the relatively low threshold at which people hit the higher rate of income tax and trimming the amount they actually pay, Prime Minister Leo Varadkar said an average family would be a "modest" 500 to 600 euros better off a year.
One of the first major announcements from Mr Donohoe confirmed plans for the so-called "rainy day" fund to protect against future economic downturns.
Efforts to tackle the homeless crisis could see developers offered cheap loans and a new housing agency set up to take over NAMA owned lands.
HAPS scheme getting additional € 149 million to support an additional 17,000 households in 2018.
A new entity, Home Building Finance Ireland (HBFI), will be created with €750 million from the Ireland Strategic Investment Fund being allocated for commercial investment in housing through this.
But Donohoe focussed much of his speech on housing as the government scrambles to boost a chronic under-supply across the country, including a significant increase in a planned levy on vacant sites that owners fail to build on.
The Minister wants an increase in the Value-Added Tax rate for sunbeds, as a health protection measure.
Funding has also been announced for an extra 1,800 frontline staff.
However Donohoe also announced a €200 increase in the Earned Income Credit which will benefit 147,000 self-employed people in Ireland.
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