Posts Tagged ‘budget’

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Changes to the tax system could bring in almost €3bn extra for spending on housing, health, and welfare services next year, according to Social Justice Ireland (SJI).

A boost in self-assessment tax receipts and a bumper flow of capital gains tax to the exchequer has sent the government’s borrowing bill to its lowest January level in 17 years.

Saudi Arabia has already been forced to tighten its belt. Now it’s preparing for four more years of austerity.

With the 2017 budget coming under withering criticism, the government is continuing to mount a defence of it, contending today that new tax measures will pump $9.5b into the economy.

The treasury released its long-awaited 2017-18 budget proposal on Monday, which calls for across-the-board spending cuts of 2 billion shekels ($520 million) for all ministries as well as plans to squeeze money from non-tax sources.

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