Politics watch: Budget 2024 to dominate agenda

Politics Watch: Budget 2024 To Dominate Agenda
Normally there are numerous issues on the agenda, but it will be all about the budget, which is to be announced on Tuesday, October 10th.
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James Cox

Here, we have a look at the issues on the political agenda for the week ahead, with Budget 2024 set to dominate proceedings.

Normally there are numerous issues on the agenda, but it will be all about the budget, which is to be announced on Tuesday, October 10th.


Minister for Finance Michael McGrath will be publishing his first, and potentially last, budget, which will be crucial for the coalition ahead of the next general election. That will be held no later than March 2025, but it is likely to be called before then.

Mr McGrath has said the main aim of the budget is to improve people's living standards.

Mr McGrath also said that the drop in corporation tax receipts is “no cause for panic”, but did signal the Government needed to make the most of the billions in revenue “quickly”.

The Budget 2024 package is set at €6.4 billion, with taxation measures amounting to €1.1 billion.


However, Mr McGrath has warned that there will be “a limited amount of space available” for temporary supports, which will be targeted.

Several measures that could be included in Budget 2024 have been floated in recent months, including a reduction in the Universal Social Charge (USC) and an increase in the threshold that the higher rate of tax is introduced.

This would put more money in the pockets of middle-income workers.

Taoiseach Leo Varadkar has said that cost-of-living measures in Budget 2024 will have people feeling the benefits before Christmas.


Opposition parties have also set out their alternative budgets.

Sinn Féin has promised to boost social housing numbers and impose a three-year rent freeze; the Social Democrats committed to a €2 minimum wage increase and a super wealth tax, and the Rural Independents want to abolish the USC entirely.

Fine Gael criticised the measures in their proposals, while some political analysts accused Mary Lou McDonald's party of trying to show Fianna Fáil a coalition would be possible after the next general election.


Hamas' attack on Israel is likely to overshadow any other issues on the world stage in the week to come.


US president Joe Biden on Saturday decried the “appalling assault” by Hamas militants and his administration pledged to ensure Israel has “what it needs to defend itself”.

President of the European Commission Ursula von der Leyen wrote that the attack “is terrorism in its most despicable form”.

She said that “Israel has the right to defend itself against such heinous attacks”.

Tánaiste Micheál Martin called for “all hostilities” to stop.

“I strongly condemn the firing of rockets into Israel by Hamas and attacks against Israel from Gaza,” Mr Martin said.

“I deeply regret the loss of life and the impact on civilians. I call for an immediate cessation of all hostilities.”

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