The Irish Government Budget for the 2019 fiscal year was presented to Dáil Éireann on 9 October 2018 by Minister for Finance Paschal Donohoe.
During the budget announcement, Mr Donohoe said the Government has invested “record levels of funding into our key public services, including health” in recent years.
The Budget for 2019 continued this trend as a further €1.05 billion increase in funding was allocated to the Irish health sector for next year.
Health Budget rises to €17 billion
During Budget 2019, Mr Donohoe announced that the Irish health budget has reached €17 billion. Over the past two years, Ireland has seen “the highest level of Health investment in the history of the State”.
This investment will fund a range of additional services and new initiatives:
- There are plans for a €25 increase in the weekly income threshold for GP Visit cards
- Prescription charge for medical card holders aged over 70 years has been reduced by 50%, cutting the charge to €1.50 per item.
- €10 reduction in the monthly Drugs Payment Scheme
Separately, the Minister for Finance announced that “€84 million will be provided for Mental Health Services in 2019, bringing the total available funding for Mental Health to €1 billion.”
Healthcare Procurement in Ireland
This increase in spend makes Ireland’s healthcare sector a lucrative market for micro business and SME suppliers.
HSE spends its procurement budget on a wide variety of goods and services, which means that there is a range of healthcare tender opportunities for your business to bid for.
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