The budget announcement for 2002 will take place on 5 December 2001. From next year the income tax year and calendar year will be the same, commencing on 1 January. Tax changes will apply from the beginning of January while increases in social welfare weekly payments will be payable from the pay day in January 2002.
When this Government came into office in 1997, budget increases in weekly social welfare payments were payable for 29 weeks, that is, from early June. Child benefit increases were payable for three months, that is, from September. Over the last four years I have ensured that social welfare recipients receive their Budget increases earlier. For example, this year's increases in weekly payments were payable for 39 weeks, i.e. from the first week in April, in line with changes in the tax code. Child benefit increases became effective three months earlier, that is, from June 2001. Some 270,000 short-term recipients, mainly unemployment and illness recipients and supplementary welfare recipients, are paid weekly by cheque and electronic forms of payment via the integrated short-term scheme computer system. Budget increase payments to 99% – 267,500 – of these customers will be made on time, while the remaining 1% – 2,500 customers – will receive the bulk of their increase on time with a small balancing arrears payment to follow in February.