The following table summarises the new measures included in Budget 2012 and Budget 2013 that impact on the White Paper ‘no policy change’ figures released the Friday before each budget.
Most of the figures come from the Economic and Fiscal Outlook released with each budget (Table 5 for 2012 and Table 7 for 2013). The current expenditure figures for each Vote are taken from the Expenditure Allocations (2012 and 2013).
The new Property Tax is expected to raise €250 million but as it replaces the Household Charge a figure of €90 million is included here.
The total for 2013 is more €726 million than the total for 2012. This is because of a lower capital reduction in 2013 and also because the White Paper for 2013 was done on the basis of expenditure ceilings which were issued with last year’s budget as part of the Comprehensive Expenditure Review.
The level of current expenditure savings included in Budget 2013 is comparable to those in Budget 2012, but increases in the current expenditure ceilings for most votes partially offsets the impact of the savings. A table that compares the expenditure ceilings for each vote as announced last year and adjusted this year is below the fold.
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