Windsor Framework & Northern Ireland Protocol Overview slide image

Windsor Framework & Northern Ireland Protocol Overview

€bn 0 2 4 Budget 2024 measures amount to €14bn Most measures temporary but core spending up 7.4% in 2023 & 6.1% in 2024 Budget 2024 measures a mix of increased spending and tax cuts 6 Permanent Temporary Permanent Overview of Budget 2024 measures Core spending: €5.3bn Permanent tax cuts and credits: €1.2bn Temporary • • Non-core spending (including Ukraine and Covid) and Windfall Capital: €4.8bn Cost of Living Household and Business Supports: €1.4bn Energy Credits for Households: €0.9bn Temporary tax measures, including relief for mortgage interest, renters and landlords: €0.4bn Temporary Tax Measures Cost of Living Supports Permanent Tax Measures Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Energy Credits for Households Non-Core Spending + Windfall Capital Core Spending Source: Budget 2024 Note: The Government have a 5% spending rule as a self-imposed rule which aims to tie "core" spending to the estimated nominal growth rate of the Irish economy. 30 30
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