Is it teething time for your little one?

 

Yes, it's the Budget - and Michael Noonan has now done the honours, standing up in the Oireachtas to announce the financial poa for the nation for 2017.

 

Wrapping up this afternoon with the words, "it makes sense to avoid the mistakes of the past that could overheat our economy," here, we get to grips with the nitty-gritty detail that will have an impact on your pocket:

 

 

 

Cigarettes: 50c a pack increase

 

The one-and-only tax increase - a packet is shooting up by 50c from midnight tonight, meaning it will cost €11 for 20 cigarettes.

 

Alcohol: no tax increase

 

There has been lots of talk of raising the price of booze recently - but, for now, we can still enjoy €5 bottles of wine.

 

 

Property: buyer incentives 

 

First-time buyers will now get back 5 percent (up to a maximum of €400,000) on the purchase price of their homes until the end of 2019 - but only if they're snapping up new-build residences. 

 

Kids: affordable scheme

 

Kicking off in September of next year there will be means-tested subsidies, based on parental income, for children between six months and 15 years -independent.ie says it’ll be worth at least €20 a week.

 

 

Teachers: more jobs

 

An education recruitment drive from next year will aim to establish another 2,400 teaching posts - of which 900 will be resource teachers.

 

Social welfare: on the up

 

All welfare payments from the State - dole, pension, carers' allowance, disability allowance etc - will go up by €5 a week from March.

 

 

Universal Social Charge: middle earners rejoice

 

It's never been a popular one - and now the three lowest rates of USC will be cut; the 5.5 percent, 3 percent, and 1 percent rate bands will be slashed to just 0.5 percent. Medical card holders and those over 70 will now pay a maximum of 2.5 percent USC on their incomes.

 

Corporate tax rate: holding steady

 

Despite the recent European Court ruling in relation to Apple's tax affairs in Ireland, the 12.5 percent corporation tax is holding steady for the foreseeable future.

 

 

Gardaí: recruitment drive

 

Some 800 new members of An Garda áSíochana will be hired and trained in 2017. Our Defence Forces will furthermore be provided with facilities, pensions, housing and equipment.

 

The Dáil: pay-day

 

Enda's salary will shoot up by almost €15,000. Travel and subsidies will also increase for TDs.

 

 

Sugar tax: introduced

 

A so-called sugar tax will be applied on high-sugar foods from spring 2018 - in line with similar legislation in the UK. A public consultation process kicks off in January.

 

Health: more cash

 

An extra half a billion euro will be handed over to health - the largest ever budget applied to the sector.

 

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