Details of Budget 2017 to be announced today

A pack of cigarettes is to go up by at least 30 cent

Details of Budget 2017 to be announced today

Finance Minister Michael Noonan at a press briefing on Budget 2016 at Government Buildings | Image: RollingNews.ie

Budget 2017 will be announced today, with a modest tax cut for every single worker.

There will also be increases in welfare payments for older people after a deal late last night.

The Budget, which will be unveiled at 1pm, will be among the least dramatic of the six drafted by Finance Minister Michael Noonan.

He has around €400m to give away, and will do it largely through cutting the Universal Social Charge (USC) - worth 0.5% to the vast majority of workers.

Who gets what? A look ahead to Budget 2017

There will also be increases in tax relief for landlords and the self-employed - as well as a major scheme to give tax breaks to first-time buyers, but only for new builds.

There will also be at least 30 cent put on the cost of cigarettes - with a figure as high as 50 cent being floated.

Health Minister Simon Harris welcomed the move.

However the other 'old reliables' are set to remain untouched.

Budget 2017: The strategic reality of what to expect

A speech by Public Expenditure Minister Paschal Donohoe will follow at 1:45pm to give his debut budget - with €800m in extra spending money.

His announcements will include the biggest health budget ever, the extension of social protection benefits to the self-employed, and money for new nurses, gardaí and teachers.

And as a result of a deal last night, there will be a €5 increase in the pension and other payments to senior citizens, kicking in from March.

We want to know what are the issues that affect you? Tweet us using #MyBudget and tell us what you think needs to happen on Budget day.