The Government have said this year’s Budget will focus more on public spending and helping middle income families rather than implementing large tax breaks.
In what will be a decisive day after this afternoon the Fine Gael led minority Government will be put under the microscope as it looks to deliver a budget that will please everyone.
Although there has been no official confirmation from anyone within the Dail it is expected that middle income earners will benefit the most from today’s long awaited announcement.
Initial reports suggest that working parents will recieve a significant pay boost with along with a number of other key benefits including a number of tax breaks that will leave them with more money in their pockets.
It is also thought that the Government is solely focused on delivering a Budget that will see more public sector positions being created throughout 2018 and the coming years ahead, with spending expected in a number of areas including health, housing and state infrastructure such school’s and transport.
However it is widely expected that the average consumer will experience a pinch of sorts as taxes on a number of items including tobacco and alcohol are expected to be increased, whilst a sugar tax is also expected to be introduced.
Meanwhile the much debated USC is set to see a change as the Government have reportedly agreed to reduce the rates for second and third tier workers.
The topic of social welfare will also be on the agenda as pensioners and those on jobseekers benefit are set to see major announcements that includes the annual 85% Christmas bonus and a €5 pay increase per week.
There will also be a number of changes to property taxes as those currently holding vacant properties expected to be hit the hardest.
It also believed a number of other key topics including disability entitlements, Water charge refunds and tax credits will also be discussed in the Dail chamber later this afternoon.
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