BUDGET 2012BUDGET 2012

Health, Education, Social Health, Education, Social WelfareWelfare

BUDGET 2012

Health, Education, Social Welfare and Taxation.

By Laura Creagh, Alanna Smyth,Fiona Lynam, Hannah Ortega- McCormack and Anna Mielczarek

Loreto College, Mullingar

5th Yr EconomicsDecember Project

HEALTH

€543m in cuts

Extra charges on private treatment in public hospitals

Abolish existing system of designated private/public beds (+€143m)

Drug Payment Scheme monthly threshold up from €120 to €132

Reduction in the price of drugs

2% cut in disability, mental health and children’s services, saving €50mStaff ceiling of 103,800 employees to HSE in 2012Reduction in health service employment levels.Reductions in the volume of expenditure on agency staff, overtime and premium paymentsReductions in other measures to reduce pay costs, (+€145m)

Education

€132.3m in

savings

Higher Education(+€43.1m)•Increase current €2000 student contribution by €250•2% cuts in Higher Education funding in 2012 and 2013, with a further 1% in 2014 and 2015•Termination of Technology Sector research programme

School Transport•Double primary charge from €50 to €100•Double primary maximum charge to €220•Equalise the primary charge for concessionary students from €200 to €100, resulting in -€0.4m

Further Skills and Adult Education (+€3.7m)•Reduction in capitation grants across a range of further skills and adult education course eg. Post L.C by 2% in 2012 and 2013, and a further 1% in 2014 and 2015•Reduction in allowances paid to 16-17 year olds on Youth Reach Community Training Centres and FAS courses of €40

Student Support and Access (+€15.4m)

•Amend Grants System for post-grad studies by paying fees only (no maintenance grant) for a special rate students, and providing €2000 fee contribution grant to a further 4000 students. Measures apply to new members only

•3% reduction in rate of student maintenance grant from 2012

•Reduce allocation to fund for students with disabilities by 20%

Other savings (€39.3m)

(VEC, Earlier policy measures, minor policy adjustments, reviewing allowances)

SOCIAL WELF

ARE

€475m saving

€20.5bn spending

No rate cuts to primary weekly social welfare payments

Child Benefit for third and subsequent children reduced

No more grants for multiple births

Back to school clothing + footwear allowance age increased from 2 years to 4 years

One parent family payment age limit for youngest child to be reduced to 12 years in 2012

Jobseeker’s benefit to be based on a 5 day week, rather than on a 6 day weekNo more half payments for recipients of some other social welfare payments No more social welfare payments for community employment participants

Disability allowance age to increase from 16 to 18

Fuel Allowance season to be reduced by 6 weeks (from 32 weeks to 26 weeks)

Max hearing aid grant to drop from €750 to €500

TAXES

Carbon tax- increased from €15- €20VAT- Gone up from 21% to 23%Introduction of household charge of €100No change in personal income tax DIRT- Increased from 27% to 30% for annual payments.Universal Social Charge to have exemption levels raised from €4,004 to €10,036Increase in Capital Gains Tax from 25% to 30%Corporate Tax exemption for new start- up companies to be extended for the next 3 yearsIncrease in Motor Tax

Source- Budget 2012 (images)

COST OF

LIVING

Dublin is ranked as the 13th most expensive city in which to live

In Dublin, the monthly cost of living is…..

€1,000 for a single person

€3,000 for a family of four

€1,500 upwards to rent a good quality, two- bedroom apartment in the city

Household

Housing, electricity, household gas and fuels, mortgage and property taxes are very high compared to other countries

Education

Education costs are very low compared to other countries, regarding crèches, primary school and tertiary study fees.

Transport

Costs are very high in Ireland for public transport and are going to increase in 2012

That’ All Folks!!!!!!!!!!!!!!!!!

Thank You for Watching!!!!