The main points of the 2009 budget
Tuesday 16 September 2008
The government's 2009 spending plans include a €2.5bn package of tax cuts, a sharp reduction in home help services and no changes to basic income tax rates.
Tax cuts to total €2.5bn
State debt to fall to 39.6% of GDP
Budget surplus to reach 1.2%
Economic growth to reach 1.25% in 2009
Inflation will hit 3.25%
Tax breaks for those who work past the age of 62 and 65
Spending power to go up by an average 0.5%
No more unemployment benefit premiums (WW) for workers
No changes to income tax rates or mortgage tax relief
€115m extra for urban renewal
€100m extra for youth social workers
€112m extra to cover the increase in asylum seekers
Healthcare spending to rise by 4.5% to €58bn
Sleeping pills no longer part of basic health insurance package
Home help provision to be slashed
Parental leave to double from 13 to 26 weeks
€500m to stimulating expertise and innovation
€558m for sustainable energy and offshore wind parks
Free entry to ‘approved museums’ for under-12s
12.9 million traffic fines to be issued, generating an extra €40m
A ban on sending spam, higher priority for fighting cyber crime
Law on reporting unusual financial transactions to be tightened, with a target of almost doubling reports
Total spending on defence to be cut slightly
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