Minister for Finance Michael McGrath and Minister for Public Expenditure Paschal Donohoe announced what cost of living measures people should be expecting. Read more: Cost of living Ireland: Who will qualify for the double payment before Christmas in Budget 2024
People will be given three separate instalments worth €150 each to help with the cost of their electricity and gas bills.Minimum wage and tax cuts Personal, Employee PAYE and earned income tax credits are being increased by €100 each. The Home Carer Tax Credit and the Single Person Child Carer Credit will be increased by €100 and the Incapacitated Child Tax Credit is being increased by €200.Childcare costs When it comes to childcare, a further 25% cut in childcare fees in publicly funded facilities has been confirmed.
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