Twitter reacts following the announcement of Budget 2021

Marco Green
October 16, 2020

Meanwhile, the cost of a pack of cigarettes has been increased by 50c - a move that was welcomed by the Irish Heart Foundation.

Under the budget, Value-Added Tax will increase from 5.4% to 5.6% from 2021, the minister said.

Twitter has reacted to Budget 2021 this Tuesday.

There will be a new scheme for businesses which have had to close because of Covid-19 and there will be a maximum of €5,000 per week made available.

The Employment Wage Subsidy Scheme has been extended to the end of 2021.

An extra €4 billion is to be provided to the health service in 2021, which will allow for a COVID testing capacity of 100,000 per week and ensure that PPE continues to be provided where needed.

Minister for Public Expenditure and Reform, Michael McGrath also provided his budget to the Dáil. Meanwhile, a total of €10.1 billion will be spent in capital expenditure.

€3.4 billion will go towards a recovery fund from the impact of Covid-19.

The minister has allocated €1.8 billion to the Department of Agriculture - an increase of some €179 million on 2020.

Despite the positive spin from Government, Sinn Féin TD Eoin O'Broin said the Budget was unlikely to make a big difference for the average person and was aghast that there is "nothing for renters".

The Government also announced 16,000 additional posts across the health sector.

Other reports by Click Lancashire

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