Talks are ongoing.
But with Budget 2024 set to be announced on Tuesday and Coalition leaders hammering out the final details, it appears that families are set to benefit the most this year.
A double Child Benefit payment will be paid to all parents in advance of this Christmas, while Taoiseach Leo Varadkar has hinted that the average working citizen will see €1,000 put back in their pockets.
Another measure that will lighten the load on stretched homeowners is mortgage interest relief worth more than €1,000, which although unconfirmed was a hot topic in Government Buildings on Sunday night.
The relief could go some way in helping mortgage holders who have weather nine consecutive interest rate hikes, leaving householders feeling gloomy about their finances.
It’s looking like there could be some good news for students too, with college grants expected to get a €300 bump and grants of more than €7,000 for low-income families.
More electricity credits of between €300 and €400 are expected this winter, with a renters tax credit of up to €800 also mooted.
“I’ll be pushing hard to deliver a strong package that supports households with the cost of living and puts money back in people’s pockets, and there’s no secret that the groups I’m advocating strongly for are older people, are carers, people with disabilities and working families,” Minister for Social Protection Heather Humphreys told RTÉ’s This Week.
“I am proposing that we have an across-the-board increase in welfare payments and we’ll also have a package of lump sum payments that are targeted at specific areas, but again, it’s subject to negotiation and I don’t have the finer details yet,” Humphreys added.
Budget 2024, worth €6.4 billion, will be announced in full on Tuesday, October 10th, 2023.