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Government set to announce 'bumper budget package' later today

Sep 27, 2022 08:38 By News Northern Sound
Government set to announce 'bumper budget package' later today
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The government is set to announce a bumper budget package worth more than €10 billion as it tries to battle the soaring cost of living.

The plans will be largely aimed at young families with students also set to significantly benefit.

It's a giveaway budget the likes of which hasn't been seen since the financial crash.

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Parents may get a number of benefits - a 25 per cent reduction in childcare costs leading to savings of between €1,200 and €2,100 per child; free primary school books and income tax changes worth €800 a year to those earning over 40-grand.

Students will see €1,000 slashed from third level fees and a double payment of the student grant, along with the reduction in public transport fares being kept.

While renters will get a €500 tax credit both this and next year.

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Core social welfare rates will be raised by €12, along with a €500 payment to carers and people with disabilities.

Free contraception will be extended to people aged 30 and under; publicly funded IVF will start next year and 1,000 extra Gardaí will be recruited in 2023.

Businesses will be given money to deal with energy price hikes up to €10,000 worth,  with households to get three energy credits worth a total of €600.

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Many people have been struggling, and many may think it's not enough, but it's a budget primed to put more money back in pockets than we've seen since the Celtic Tiger days.

 

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