Child benefit is paid to 630,000 qualifying adults in respect of over 1.2 million children with an annual cost in 2018 of €2.1 billion.
The estimated full-year cost of issuing a double child benefit payment to parents on the birth of a child is approximately €8.72 million.
This estimate is based on the number of child benefit claims (61,856) received in respect of first and additional children in 2018. It assumes the payment of €140, representing an additional month’s payment in respect of these children. Multiple births are paid a higher rate and this additional cost has been factored in to the estimate.
I hope this clarifies the matter for the Deputy.