Workers, pensioners and social welfare recipients are to see more money in their pockets as a result of the Budget when it’s announced today
Meanwhile, childcare rates are to drop by another 25 per cent, in details to be revealed this lunchtime Among the measures to be included in this years Budget is a 12 euro across-the-board increase to social welfare and pension payments.
There will be a temporary mortgage relief of up to 1,250 euro for struggling households. The entry point to 2.5 percent rate of USC will be increased, while the 4-and-a-half percent rate will be reduced to 4 percent.
Parents will see a further cut in childcare fees – as Minister Roderic O’Gorman secured the full 25 percent reduction which yesterday wasn’t looking likely.
There will be a double payment of child benefit in December, but the rate of 140 euro will remain as is. The free school book scheme will be extended to first, second and third year students in post-primary.
The half-price young adult transport ticket has been extended to include 24 and 25 year olds. Families earning less than 100,000 euro a year will see college fees halved to 1,500 euro.
In Justice, an additional 800 to 1000 new Gardai will be trained in Templemore, while there will be a Garda Reserve recruitment campaign for the first time since 2017. All the details will be revealed by Ministers Michael McGrath and Paschal Donohoe this lunchtime.
