Budget prediction: be prepared for more take than give

Financial advice for farmers

Bearish budget prediction: it might be worthwhile taking action ahead of likely budget changes in tax rates, reliefs, and thresholds.

We will have Budget 2021 within six weeks or so, as Ireland battles two headwinds of Covid-19 and a potential Brexit fallout if no free trade deal can be hammered out.

The economic outlook is muted at best, and having carried an extra estimated €30bn of debt to fund Covid measures in 2020 and 2021, the Government will be quick to arrest expenditure, and enhance exchequer takings over the coming 12 months.