Irish Government Budget

Irish Government Budget

The Irish Government's 2013 budget was the fifth austerity budget in a row amounting to 3.5 billion euro in spending cuts and tax increases. Legal Panda created this budget infographic to make the complex data as simple as possible to digest. Minister for Finance Michael Noonan and Minister for Public Expenditure and Reform Brendan Howlin jointly delivered the annual speech that affects the purse strings of the government and public. With unemployment at it's highest level since the 1980's and a high debt to GDP ratio, the budget had to reduce the deficit much like other countries around the world following the banking crisis of 2008. Among the most controversial changes in the budget was a new property tax just as the sector has stabilised after a collapse in pricing since 2008. An increase of 1 euro on wine duty, higher fees for third level students, lowering the dole support, building of a new youth detention facility, and the closing of 100 garda stations were all other major talking points from this Fianna Gael / Labour budget. In this infographic, we use an analogy of a 40ft truck to compare how much cuts and taxes are going to bring in when compared with the budget last year.

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Posted Dec 9, 2012
 
Views: 764
Tags budget, Government, Infographic, ireland
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