Tax increase on cigarettes expected to be the only price hike in budget
A tax hike on cigarettes is expected to be the only increase in next week's budget.
The price of cigarettes will be increased by at least 20 cent in the upcoming budget. Smokers are to be hit again following a 40 cent increase in last year's budget.
Minister for Public Expenditure Brendan Howlin, Minister for Finance Michael Noonan, Tanaiste Joan Burton and the Taoiseach will be meeting this morning to discuss the tax package.
According to reports the only tax increase being considered is an increase on cigarettes and tobacco.
Speaking last month, Minister Noonan hinted an increase on cigarettes was to be expected.
“We may raise some taxes, obviously on health grounds. There's always an interest in raising duty on tobacco. We won't rule it out completely,” he said at the Fine Gael think-in in Limerick.
The Finance Minister went on to say that October’s Budget will be framed to ensure it reaches “every door of every household in the country”.
The Fine Gael politician spoke of plans to introduce major housing and childcare programmes, as well as measures aimed at making it easier to women to re-enter the workforce.