Budget 2020: Cigarette price subjected to 50c hike
The price of cigarettes and fuel is set to increase from midnight tonight on the back of Paschal Donoghue's Budget 2020 announcement, while hundreds of millions of euro has been set aside as aid for the sectors set to be affected by Brexit.
8 October 2019 | 0
Finance Minister Paschal Donohue has delivered the details of Budget 2020 , which includes an increase in the price of cigarettes and a hike in carbon tax.
From midnight tonight, 50c will be added to the price of cigarettes, bringing the cost of a box of 20 to €13.50. Price hikes on other tobacco products will be applied on a pro-rata basis.
Meanwhile, a Brexit package of €1.2 billion has been announced in the event of a no-deal Brexit, which includes support of €5m for the food and drinks processing industry, €85m for beef farmers and €650m for the agriculture, enterprise and tourism sectors.
Reacting to the Budget announcements, IFA President Joe Healy said the funding provided for the agri-food sector will fall short of what will be needed as Ireland faces an agricultural Armageddon.
“While the funds committed to the Dept of Agriculture for next year is a step forward,” Healy said, “much more will be needed now as farmers are already suffering huge losses due to Brexit uncertainty.
“Beef farmers have incurred huge losses since May,” he added, “when the Beef Exceptional Aid Measure was introduced, and these have to be covered. Now that the Irish government has set out its plans, we need the EU Commission to put its Brexit funding cards on the table.”