Finance Minister Paschal Donohoe has indicated that Ireland's 2020 Budget will reflect a hard Brexit scenario.
A new report from the Economic and Social Research Institute (ESRI) has warned of the risk of a potential recession posed by a no-deal exit and advised an additional budget may be needed to deal with the fallout.
Despite this the Finance Minister has indicated that there will be no supplementary Budget in the event of a no-deal Brexit.
Mr Donohoe says that his department has already made preparations for such eventualities.
When is the budget?
The date of Budget 2020 is Tuesday October 8th.
What is the budget?
The Budget is generally regarded as one of the most important dates in the Government's calender and affects almost every Irish citizen.
The Budget refers to the Irish Government's monetary budget for the 2020 fiscal year - the Budget for a given year is always announced in the previous year.
Of the budgetary package of €2.8 billion for 2020, €2.1 billion has already been committed to expenditure measures as set out in the Summer Economic Statement.
The balance of €0.7 billion will be allocated further in the coming weeks.
It is delivered by the Finance Minister at Leinster House.
What is expected?
According to the latest Budget 2020 leaks there are a few changes that appear likely.
The Minimum Wage is expected to increase from €9.80 per hour to €10.10 for adults.
Carbon Tax is likely to be increased by €10.
Tax Cuts - Universal Social Charge cuts have all but been ruled out and so too have changes to our income tax bands.
Capital Projects - €900million has been flagged for Capital Projects next year.
Social Welfare - It is expected that there will be some increases to social welfare and State Pensions, but it may be targeted towards families and those in need, rather than a €5 flat-rate increase for everyone
Christmas Bonus is expected to be paid out at 100% rate as it was in 2019.
Public Sector - Mr Donohoe has indicated that this Budget will make resources available to ensure that we have enough teachers and nursers to cater for our changing demographics.
Health Care - According to Money Guide Ireland, Budget 2020 willconfim the extension of free GP care for those aged under-eight and free dental care for those aged under-six.
