Dáil Éireann Debate, Tuesday - 5 December 2023
467. Deputy Kathleen Funchion asked the Minister for Children, Equality, Disability, Integration and Youth the estimated first year, full year and annual cost to increase core funding by 10%, 20%, 25% and 33% effective from January 2024. [53422/23]
View answer468. Deputy Kathleen Funchion asked the Minister for Children, Equality, Disability, Integration and Youth the estimated first year, full year and annual cost to increase core funding by 10%, 20%, 25% and 33% effective from September 2024. [53423/23]
View answerI propose to take Questions Nos. 467 and 468 together.
As announced in Budget 2024, €303.31 million has been allocated for Core Funding in 2024, a 14% increase on the 2023 investment in the scheme, with additional funding of €14.65m being made available from September 2024. This translates into a full year allocation of €331m for year 3 of Core Funding, an increase of €44m, or 15%, on the current allocation of €287m.
Any increases are secured through annual estimates process and implemented from the outset of the next programme year, that is, increases announced in Budget 2024 take effect from September 2024.
Where the increases are modelled from January 2024, it is assumed that the increase is applied to the 2024 allocation of €303.31m, which increases the full year costs associated with years 2 and 3 of Core Funding (Please see table below).
From January 2024
|
Current allocation |
10% |
20% |
25% |
33% |
|
|
2024 (January to December) |
€303.31 |
€333.64 |
€363.97 |
€379.13 |
€403.40 |
|
Increase on current allocation |
€0.00 |
€30.33 |
€60.66 |
€75.82 |
€100.09 |
|
Full year costs for Core Funding year 3 (September 2024 to August 2025) |
€331.04 |
€364.14 |
€397.25 |
€413.80 |
€440.28 |
|
Increase on current year 3 allocation |
€0.00 |
€33.10 |
€66.21 |
€82.76 |
€109.24 |
Where the increases are modelled from September 2024, it is assumed that the increase is applied to the currently available funding in 2024 for year 3 of Core Funding (September to December), which increases the full year costs associated with year 3 of Core Funding (Please see table below).
From September 2024
|
Current allocation |
10% |
20% |
25% |
33% |
|
|
2024 (January to December) |
€303.31 |
€314.32 |
€325.33 |
€330.84 |
€339.65 |
|
Increase on current allocation |
€0.00 |
€11.01 |
€22.02 |
€27.53 |
€36.34 |
|
Full year costs for Core Funding year 3 (September 2024 to August 2025) |
€331.04 |
€364.14 |
€397.25 |
€413.80 |
€440.28 |
|
Increase on current year 3 allocation |
€0.00 |
€33.10 |
€66.21 |
€82.76 |
€109.24 |
