Irish Water charges could be refunded to all who paid by Christmas, the White Paper on Estimated receipts and Expenditure for 2018 has revealed, as reported by RTEnews.
The documents outline plans to refund Irish Water charges to the tune of €173 million, with a social welfare christmas bonus also on the agenda for the upcoming budget. The documents were released as part of the Budget process, with projections and forecasts of spending for the next year.
The White paper predicts the budget deficit for this year to be better than the 0.3% forecast, while they predict next year’s to be 0%. The White paper also lists an increase in spending on this year’s budget by €167 million. This means an improvement in the budget deficit of approximately €200m.
The social welfare Christmas bonus will be obtained from the surplus in the social insurance fund for the year. The paper shows that spending in the country has increased by just over €1.1billion, with tax revenue projected to increase by €2.5 billion.
These figures are prepared Pre-Budget, with any potential new policy measures expected to be announced Tuesday.