Budget 2023 - social welfare, energy payment and measures to be considered

Budget 2023 is just weeks away as the Government continues to discuss possible measures to tackle the cost of living crisis.Up to €1 billion is expected to be allocated as part of the Government's " Cost of Living Budget", which is separate from the €6.7 billion already allocated to Budget 2023.

The new payment under consideration could amount to €400 or €500 and would be paid between November and March. The last energy rebate of €200 paid to every household in the country last April was a huge success, so it is hoped that the same result would be achieved by the new measure should it be approved.

Finance Minister Paschal Donohoe published the Tax Strategy Group papers, which stated plans to be examined by the Government during the last month of budget negotiations. This would mean the majority of people receiving social welfare payments would receive €223 per week, while a person on the State pension would see their pay packet increase to €268 per week.

Those in receipt of a child benefit payments could be in line for a €280 one-off payment if they have one child or €560 if they have two.

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