After weeks of one-on-one and full-cabinet negotiations, the Government has agreed on the 2015 budget proposal. The proposal is mainly based on decisions made in the General Government Fiscal Plan last spring and in the Government Programme in June. In the budget negotiations, the Government also agreed on a supplementary budget for 2014 and decided on strengthening the implementation of the Structural Policy Programme.
Under the budget, child subsidies will be cut – but lower-income families will be granted an annual tax credit of 100 euros per child – rather than 50 as initially reported. The credit will be granted for up to four children. Families with a combined annual income of more than 42,000 euros will not be eligible for the tax break.
