Budget 2023: when and where to see what we know so far in the €10 billion package to deal with the cost-of-living crisis

Finance Minister Paschal Donohoe will unveil Ireland’s response to the cost of living crisis when he announces the 2023 budget in the Dáil tomorrow.

The measures expected by the government to relieve the public will amount to almost 3 billion inflation on the people of Ireland.

Rising rents, fuel prices, electricity and inflation are the top consumer concerns ahead of the state’s fiscal announcement tomorrow.

Some budget details are closely guarded, but Independent.ie has compiled a list of what you need to know and where to find the 2023 budget details.

Where can I see the budget?

RTÉ is broadcasting the household as part of a special on RTÉ One, RTÉ Radio One and RTÉ News Now.

Independent.ie will be running a live blog Tuesday from 9am covering every aspect from informative to humorous throughout the day.

When will the budget be announced?

Treasury Secretary Paschal Donohoe will be in the Dáil at around 1pm to announce the 2023 budget, followed by Public Expenditure Secretary Michael McGrath at around 1:45pm.

What do we know so far?

As usual, some budget details have been hinted at and leaked in advance.

Here’s what we know so far:

  • A child care package is intended to reduce the costs for families by 170 euros per month and child.
  • Social benefits such as unemployment benefits and pensions are set to increase by €10 to €15 per week, with an amount of around €12 seen as a likely landing spot.
  • A tax credit for tenants will also be part of the package, expected to be between 200 and 400 euros.
  • An energy rebate will be included with deductions from bills worth €600, expected in three installments over the next six months.
  • A 20 percent reduction in public transport costs introduced earlier this year is being extended.
  • The shopping aid will be extended by a further two years.
  • A reduction in the cost of tier three fees is announced from €3,000 to €2,500.
  • The top income tax rate of 40 percent applies only to income over 40,000.
  • Dual benefits are also being announced, likely once just after the budget and once before Christmas.
  • Caregivers of people with disabilities receive a bonus of 500 euros.
  • A double payment of child benefit before Christmas
  • The fuel subsidy scheme will be extended to more retirees.

https://www.independent.ie/irish-news/budget-2023-when-and-where-to-watch-what-we-know-so-far-in-10bn-package-to-tackle-cost-of-living-crisis-42018665.html Budget 2023: when and where to see what we know so far in the €10 billion package to deal with the cost-of-living crisis

Fry Electronics Team

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