The Taoiseach, Leo Varadkar, announced that the budget set to be released on Tuesday, October 10th will include a significant package aimed at improving the cost of living.
During a press conference held in Dublin, he mentioned that the budget is not expected to be finalized before October 7th and will be subject to Cabinet approval on October 9th.
The Government has indicated that the budget will comprise of pension increases, welfare increases, and a rise in the minimum wage.
Mr. Varadkar has also stated that the budget will not feature any significant one-off measures, unlike last year.
Mr Varadkar while he was warning against speculating on budgetary measures, the Taoiseach said: “What I can say is that it will contain an income tax and USC package which will reward work and put money back into people’s pockets. The amount you gain will depend on how much you earn and your circumstances. That’s always the case,” reports Breaking News.
“There will be a significant cost-of-living package which people will feel the effect of before Christmas because petrol/diesel prices are high, energy prices are still high, gas prices are still high. There will be help for business and farms because of the high costs they’re facing. There will be a focus on children, and you’ll see that in the social protection area, education and childcare,” he added, reports Breaking News.
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