Tuesday’s Budget announcement by Finance Minister Paschal Donohoe and Minister for Public Expenditure, Michael McGrath of an €11 billion package to help households and businesses fight against the cost of living crisis, consists of a package of once-off measures (€4.1 billion) and budgetary measures for 2023 (€6.9 billion).
Some of the highlights include an increase in the higher rate tax band to €40,000; an overall social welfare package worth €2.2 billion and a reduction in childcare costs of about €170 per month. To assist with the skyrocketing energy prices over the winter period and into 2023, €600 energy credit will be paid out to households in three instalments, one this side of Christmas.
The Avondhu hit the streets of Fermoy and Mitchelstown on Wednesday to garner some reaction to Budget 2023.
Coverage in this week’s Print & Digital Edition
