The Irish government is set to unwrap a hefty €2 billion cost of living package in the upcoming Budget 2025, according to sources close to the negotiations. This financial gift to the nation includes a series of once-off payments aimed at easing the burden on households before and after the festive season.
Families can look forward to not one, but two double child benefit payments before Christmas, bringing extra cheer to parents’ wallets. The government hasn’t forgotten about those feeling the chill, with additional fuel allowance payments on the cards. Those living alone will also see a boost to their allowance.
As winter approaches, a €250 energy credit is expected to light up the Budget announcement, helping to take the sting out of higher heating bills.
The Department of Social Protection isn’t playing Scrooge either, with a proposed €12 increase across most weekly welfare payments. However, jobseeker’s allowance might not see the same level of increase, as the government focuses on supporting carers, pensioners, and people with disabilities.
In a move that’s sure to delight parents and environmentalists alike, children under nine could be riding the rails and buses for free from next summer. This green initiative aims to encourage families to leave the car at home and hop on public transport.
The Budget, set to be revealed on Tuesday, is still being fine-tuned behind closed doors. Coalition leaders and senior ministers are burning the midnight oil to ensure all the festive financial trimmings are in place.
While some details are still being ironed out, such as the VAT rate for the hospitality sector, one thing is clear: the government is determined to deliver some early Christmas cheer to the Irish public.
According to The Journal, these generous measures are made possible by unexpectedly high tax revenues, giving the government more room to maneuver than initially anticipated in the Summer Economic Statement.
As the final touches are added to Budget 2025, it seems the government is hoping to strike a balance between addressing immediate cost of living concerns and investing in long-term initiatives like public transport. All eyes will be on Tuesday’s announcement to see if this financial package delivers the holiday spirit it promises.