Investor Presentaiton

Budget 2023 announces €11bn in measures Mix of permanent measures and one-offs equate to 4.2% of GNI* Permanent budget measures amounted to €6.9bn and one- off cost of living measures amounting to €4.1bn Spending Core One-off tax measures Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Temporary Taxation Business energy supports Source: Irish Department of Finance ▸ The one-off measures include: ▸ Households will receive €600 in electricity credits. ▸ Double child benefit payment in Q4 ▸ Other lump sum welfare payments ▸ Businesses receive up to €10K a month for energy bills. ▸ The permanent measures include: ▸ Tax band for highest income rate of 40% rising from €36.8K to €40K (€1.2bn cost). ▸ Increases to pension and unemployment payments. ►25% cut to childcare costs & college fees will be reduced. ▸ GG expenditure to increase by 4.8% in 2022. Excluding Covid spending, "core" expenditure will increase by 9.1% (& 6.3% for 2023). Both above the 5% spending rule the Government aims for. Plan to revert to its 5% rule in 2024. 25 25 7 896543210

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