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Here's everything you need to know to stay on top of Budget 2017

When does it start? How can I watch it? For that matter – what will be in it?

ONE OF THE most predictable and least talked-about Budgets in recent memory will be announced today.

There’s been little controversy about the contents of Budget 2017 – but that’s mostly as a result of the way the whole thing’s been negotiated.

Fianna Fáil, as a result of the ‘confidence and supply’ deal it struck with Fine Gael in the wake of February’s inconclusive general election result, has had a heightened role in negotiating this year’s measures.

As a result, most of the main announcements have been discussed on the airwaves in recent weeks. In addition, the various pet projects of the independent and Independent Alliance members of Government are well known – meaning few surprises are expected this afternoon.

So what can we expect? And what do you need to know to stay on top of developments?

Your questions, answered:

When is it on?

Michael Noonan, the finance minister, is expected to rise to his feet in the Dáil at 1pm this afternoon. He’ll be followed directly by Minister for Public Expenditure Paschal Donohoe at around 1.45pm. 

The Budget has been divided into two parts, with the Finance Minister announcing the tax measures and the Public Expenditure Minister announcing the spending adjustments, since the first Fine Gael-Labour Budget in December 2011.

14/10/2014 Budget Day 2015 Reporters watch the Budget last year in Buswells Hotel. Sam Boal Sam Boal

How can I watch it?

Forgive us for suggesting TheJournal.ie as your first port of call… We’ll be liveblogging the whole thing from mid-morning, and you’ll be able to watch a livestream of the speeches on the site as you keep track of updates from our dedicated team.

If you’re not keen on us (something we said?) you can always go straight to the source and watch it on Oireachtas TV. RTÉ will be broadcasting its usual Budget special throughout the afternoon from 12.40pm (RTÉ One) too.

If – for whatever reason – you want to read the entire speeches as soon as they go up and check out related data, this is the link to the Government’s dedicated Budget website.

(We’ve been sent this riveting Youtube video featuring Noonan and Donohoe in advance of today’s announcement… ).

MerrionStreetNews / YouTube

What will be in it?

We’ve known about the big ticket announcements for weeks at this stage:

  • On the much-reviled USC, Noonan has confirmed that, yes, there will be a cut – it just won’t be as big as the 1% promised in the Fine Gael manifesto. It’s understood there could be cuts to all three bands of 0.5%
  • A tax break for first-time buyers is also expected, backdated to July and applying to new builds. It’s likely to take the form of a refund from Revenue
  • The threshold for Inheritance Tax for children inheriting the family home is also set to rise from €280,000 to above €300,000
  • In the ‘old reliables’ category, we can expect another hike in the price of cigarettes
  • A universal childcare payment is also likely to be unveiled
  • And we can expect an increase to the State pension at some stage next year too, following intensive talks between the Government and Fianna Fáil in recent days.

Will it pass?

In short, yes – barring any last-minute surprises or changes of heart.

That FF-FG agreement, signed in May following weeks of talks, states that Fianna Fáil will facilitate Budgets that are “consistent with the agreed policy principles” within the confidence and supply document.

Speaking yesterday, Michael Noonan said Micheál Martin’s party had been very responsible in its role so far.

Fianna Fáil finance spokesman Michael McGrath said it would be unthinkable that there wouldn’t be a deal – given that the stakes were so high.

Any surprises we should look out for?

Spikey, envious tweets to Paschal Donohoe from his predecessor, Brendan Howlin?

An unlikely prospect, sadly.

Read: The majority of people aren’t feeling at all positive about the Budget >

Read: Mike Pence denies he ever considered quitting the Republican ticket after emergence of THAT Trump video > 

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36 Comments
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    Mute Thomas Meaney
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    May 25th 2020, 5:42 PM

    Which bookies are giving odds on this whole fiasco being a disaster and Liveline being jammed solid with complaining parents when the results are released

    154
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    Mute John Egan
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    May 25th 2020, 5:46 PM

    @Thomas Meaney: odds are too short

    19
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    Mute Mary Ward
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    May 25th 2020, 6:51 PM

    @Thomas Meaney: anything to take our minds of what coming down the tracks say june july .. desperate when all they needed to do was pen up a few more classrooms stocke them u with gloves soap and water and get a few more supervisors and let students sit exam they prepared for .

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    Mute Paul Quirke
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    May 25th 2020, 7:05 PM

    @Mary Ward: any teacher that lives anywhere near their school is rural Ireland now has a target on their back…it could be the same in cities.

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    Mute Gordon Walsh
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    May 25th 2020, 5:44 PM

    I’m guessing the main bit of the registration process involves agreeing to the terms and conditions on how the calculated grades system works

    59
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    Mute Richard Carroll
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    May 25th 2020, 7:00 PM

    Good luck to all the LC students, I hope you all get what your looking for, but if ur don’t be assured it will not define you. Best of luck.

    46
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    Mute Milkybar Kid
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    May 25th 2020, 6:50 PM

    T minus 30 days till “But my little Timmy couldn’t of failed maths. He is a genius.”

    41
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    Mute Joe Vlogs
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    May 25th 2020, 7:01 PM

    @Milkybar Kid: couldn’t ‘have’ failed – I daresay English might be the test to look out for.

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    Mute Gordon Walsh
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    May 25th 2020, 7:31 PM

    @Joe Vlogs: Milkybar Kid is right, that’s how the parent of a genius would of phrased it

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    Mute Colmok
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    May 25th 2020, 7:18 PM

    Leaving could be going ahead in the next month. Put tables 2m apart and up supervision or stick a few cameras up. Spread it out over an extra week or 2 if needed.

    23
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    Mute Yurt
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    May 25th 2020, 7:23 PM

    @Colmok: but your forgetting no school since 12th March and the internet divide. I haven’t had any contact with any teacher since we closed. That isn’t fair on anyone.

    30
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    Mute Paul Quirke
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    May 25th 2020, 9:13 PM

    I bet this website will be down or very slow tomorrow. No way it’ll handle all students connecting

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    Mute Eimear Griffin
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    May 25th 2020, 10:30 PM

    Students will be asked to opt in through the portal to indicate if they wish to receive Calculated Grades. What happens if students opt against receiving Calculated Grades? Is the only option to sit the Leaving Cert when schools reopen and if they do so will they get to university this year? I feel for all the students doing their Leaving Cert this year and wish them all the best in the future.

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    Mute Jack Cass
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    May 25th 2020, 5:36 PM

    I thought PPS cards could only be used to claim Social Welfare benefits? Correct me if I am wrong.

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    Mute Gordon Walsh
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    May 25th 2020, 5:49 PM

    @Jack Cass: no one said public service card – pps number is the number used for everything from tax to social welfare to health care to pension benefits to college grants – perfectly reasonable info to ask for – the CAO even use it

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    Mute Claire Greaney
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    May 25th 2020, 6:21 PM

    @Jack Cass: Your PPS number is used if you engage with any Public Service, Education, Health, etc.

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    Mute Sam Glynn
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    May 25th 2020, 6:51 PM

    @Jack Cass: I remember 20 years ago when I turned 16 a pps card was sent to my house with my number on it. No photo or anything. I presume it was issued to me at that age back then as I would be allowed to legally work and pay tax from 16 onwards…. Everyone I knew got one back then….. Although I had started working at age 14 weekends and summer holidays anyway but was always cash in hand and paid fairly luckily.

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    Mute Jack Cass
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    May 25th 2020, 6:56 PM

    @Gordon Walsh: Cheers lads, I must apply for an eye test.

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    Mute Virus-free Turkey
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    May 25th 2020, 7:23 PM

    @Jack Cass: Jack Ass.

    Oops! Sorry!

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    Mute Andrew Letcher
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    May 25th 2020, 7:49 PM

    @Jack Cass: am guessing ur grades weren’t great.

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    Mute sean o'dhubhghaill
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    May 25th 2020, 7:03 PM

    What will happen if they don’t register?

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    Mute Colleen
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    May 25th 2020, 7:12 PM

    @sean o’dhubhghaill: I think the department assumes that they’re not accepting calculated grades and they will sit all of the exams at a later date. Everyone should sign up for them though and just sit the exams in the subjects they think they would have done better in.

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    Mute Lydia McLoughlin
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    May 25th 2020, 8:31 PM

    @Colleen: I would have thought that having paid their examination fees that this way was the way they were doing this anyway and that IF they weren’t happy about what they got they could sit a written exam later in the year.. this is ridiculous! I had no idea they had to register for this.

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    Mute Rach O'Sullivan
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    May 25th 2020, 9:43 PM

    @Lydia McLoughlin: examination fees were waived for this year….anyone who paid them were given a refund

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    Mute Lydia McLoughlin
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    May 26th 2020, 10:00 AM

    @Rach O’Sullivan: Its not really the refund I’m pointing out but rather I’m asking why do they need to register again, shouldn’t the grades be automatically calculated as a matter of course for them anyway? They registered already to do their leaving cert so this was done once no? If they want to sit an exam as they’re not happy with the result later in the year then they can then do this.

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    Mute Lydia McLoughlin
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    May 25th 2020, 8:33 PM

    I’m confused why they need to select higher or lower if its calculated grades then its average no?? If doing pass maths why not now say I’ll do hons and collect the extra 25pts!!!

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    Mute Rach O'Sullivan
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    May 25th 2020, 9:40 PM

    @Lydia McLoughlin: Students can only move down to ordinary level they cannot move up to higher level. Your school should be communicating all of this with you.

    12
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