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The 2021 Irish budget was the Irish Government Budget for the 2021 fiscal year, which was presented to Dáil Éireann on 13 October 2020 by Minister for Finance Paschal Donohoe, and the Minister for Public Expenditure and Reform Michael McGrath. [1] [2] [3]
The 2022 Irish budget was the Irish Government Budget for the 2022 fiscal year, which was presented to Dáil Éireann on 12 October 2021 by the Minister for Finance, Paschal Donohoe, and the Minister for Public Expenditure and Reform, Michael McGrath. [1]
The identification of a fiscal year is the calendar year in which it ends; the current fiscal year is often written as "FY24" or "FY2023-24", which began on 1 October and will end on 30 September. In 1843, the federal government changed the fiscal year from a calendar year to one starting on 1 July, [ 68 ] which lasted until 1976.
This is the list of countries by government budget. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. The following tables show the governmental budget balance, in millions of US dollars or millions of local currency units (LCU, the most commonly used in the country) and as ...
Ireland first experienced a short technical recession from Q2-Q3 2007, followed by a recession from Q1 2008 – Q4 2009. [37] After a year with stagnant economic activity in 2010, the Irish real GDP rose by 2.2% in 2011 and 0.2% in 2012. This growth was mainly driven by improvements in the export sector.
The Minister for Finance leads the Department of Finance and is responsible for all financial and monetary matters of the state; and is considered the second most important member of the Government of Ireland, after the Taoiseach. The current office holder is Jack Chambers, TD. [1] He is assisted by one Minister of State Neale Richmond, TD.
The Fiscal Council was formed as part of a programme of reform of Ireland's "budgetary architecture" post the Irish economic crisis. It was established on an interim basis in July 2011, and legally constituted under the Fiscal Responsibility Act 2012 [3] which was part of the EU-IMF Programme of Financial Support for Ireland (and whose terms required the creation of a "budgetary advisory ...
The EU's budget in 2022 was around €170bn. Of this, €54bn subsidised agriculture enterprise, €42bn was spent on transport, building and the environment, €16bn on education and research, €13bn on welfare, €20bn on foreign and defence policy, €2bn in finance, €2bn in energy, €1.5bn in communications, and €13bn in administration.