Protection of living standards is priority in upcoming budget, says Irish Finance Minister

The video discusses the upcoming budget planning for 2024, highlighting the economic challenges such as inflation and monetary policy tightening. It emphasizes the need for careful budgetary decisions due to the windfall nature of corporation tax receipts. Key priorities include housing, protecting living standards, investing in public services, and addressing future demographic and climate-related costs. The government aims to balance support for society and the economy without exacerbating inflation. Achievements in housing and economic surpluses are noted, with a focus on continued careful decision-making.

What are the main challenges mentioned in the first section that affect the budgetary planning for 2024?

• Falling inflation and tightening monetary policy

• Rising inflation and decreasing monetary policy

• Increasing inflation and stable monetary policy

• Stable inflation and relaxed monetary policy

Which of the following is NOT listed as a priority in the second section for the upcoming budget?

• Providing homes for people

• Increasing corporate tax rates

• Investing in public services

• Protecting living standards

What is one of the key focuses of the government in terms of housing, as mentioned in the third section?

• Reducing the number of new homes

• Limiting housing development to urban areas

• Supporting the delivery of more homes

• Increasing taxes on first-time home buyers

According to the third section, what has contributed to the financial surpluses?

• Random economic growth

• Unplanned government spending

• Careful government decisions

• Increased public borrowing

What is the significance of the financial surpluses mentioned in the third section?

• They highlight the importance of continued careful decision-making

• They reduce the need for housing development

• They allow for unlimited government spending

• They eliminate the need for future planning