Written answers
Wednesday, 13 July 2022
Department of Employment Affairs and Social Protection
Social Welfare Benefits
Gerald Nash (Louth, Labour)
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327. To ask the Minister for Employment Affairs and Social Protection the estimated cost to the Exchequer of an extra month child benefit payment with an increase in 2022 rates by €10, €15 and €20 respectively; and if she will make a statement on the matter. [38774/22]
Heather Humphreys (Cavan-Monaghan, Fine Gael)
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The estimated cost of providing an extra month Child Benefitis shown in the table below:
Rates | Cost of an Extra Month €m |
---|---|
€140 current rate | 170.4 |
€150 (€10 increase) | 182.6 |
€155 (€15 increase) | 188.7 |
€160 (€20 increase) | 194.8 |
Theannual cost of an increase in Child Benefitbased on the rates requested is shown in the table below:
Proposed Rates | Annual Cost €m |
---|---|
150 (€10 increase) | 146.3 |
155 (€15 increase) | 219.5 |
160 (€20 increase) | 292.6 |
These costings are based on 2022 recipient numbers and are subject to change in light of emerging trends and subsequent revision of the estimated number of recipients. Any increase of Child Benefit rates would need to be considered in an overall budgetary and policy context.
I trust this clarifies matters for the Deputy.
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