How your wallet is affected: What we know so far about Budget 2019The Government has €3.4bn for new spending next year, but €2.6bn of this has already been committed for public sector pay hikes and demographics. It is believed talks are taking place to find ways of mitigating the impact of carbon tax rises on low-income families and the elderly. Carbon tax is used internationally as a way of changing habits and encouraging people to use more green energy. There has been some speculation that as well as hiking carbon tax, Mr Donohoe could raise the excise duty on diesel in a bid to promote electric vehicles. Mortgage Interest Relief and education levyThe minister is hoping to get extra money for his budget by reducing Mortgage Interest Relief for 300,000 homeowners.

Source: Irish Independent October 02, 2018 12:45 UTC