Follow Ireland Investment Immigration and follow Ireland news: The Irish government recently submitted its 2015 budget to Parliament, announcing an end to austerity policies. The budget increases social welfare spending, such as child benefits, while lowering personal income taxes and other levies, and restarting recruitment for public sector employees.
According to the new budget, the total expenditure of the Irish government in the 2015 fiscal year will exceed 50 billion euros, an increase of 429 million euros compared to the 2014 fiscal year. This increase will be mainly used for social security, health services, education, and other areas of public welfare. In the 2015 fiscal year, Ireland's health service budget will increase to 13.1 billion euros, and the education budget will increase to 8.3 billion euros, with 1,700 new full-time teachers to be hired.
The Irish government will increase social welfare spending, with child benefits rising by 5 euros per month, and an additional 5-euro increase starting in 2016. The living alone allowance for the elderly will increase from the current 7.7 euros per week to 9 euros, and the Christmas bonus for social welfare recipients will also be increased.