Tax package, energy and business supports to form part of October's giveaway budget

BUDGET DAY IS just over seven weeks away, but much of what is contained in the expected giveaway budget has already been well flagged by government leaders.

Varadkar insisted he has not given up on the €1,000 tax cut pledge and said Fine Gael-led governments have given some earning €40,000 a year a tax cut of €3,000 since 2014. In terms of the tax package itself, the programme for government sets out the indexation of tax bands and tax credits “so that more people don’t end up paying the higher rate of tax”, Varadkar said.The Taoiseach said the tax package of €1.1 billion announced in the summer economic statement is the net package not the gross package, stating that it is possible to add to that package through other revenue raising measures, similar to what was done last year.

Read Next Related Reads Double child benefit 'worked well' last year, says minister as repeat flagged for Budget 2024 Caution urged over spending corporate tax receipts, as Varadkar warns about fueling inflation Speaking to The Journal last year, O’Brien said that Government intends to increase the rent credit in Budget 2024.

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