Catherine Murphy
Question:463. Deputy Catherine Murphy asked the Minister for Social Protection the estimated full-year cost if child benefit allowance increased by €10 per month. [36826/24]
View answerWednesday, 18 September 2024
Questions (463)
Written answers
Child Benefit is a universal monthly payment made to families with children up to the age of 16 years. The payment continues to be paid in respect of children until their nineteenth birthday who are in full-time education, or who have a disability.
Child Benefit is currently in payment to approximately 677,000 families in respect of over 1.2 million children with an estimated expenditure of approximately €2.2 billion in 2024. The estimated cost of increasing the monthly rate of Child Benefit by €10 is approximately €12.9 million per month or €154.7 million per year.
These estimates are based on a full year basis and on the number of recipients in 2024. It should be noted that this costing is subject to change in the context of emerging trends and associated revision of the estimated number of recipients.
I trust this clarifies the matter for the Deputy.