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Budget: Half Price Fares, Free Contraception, Fuel Allowance Hike

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06:26 12 Oct 2021


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Half price public transport for young people, free contraception and a hike in the fuel allowance are among some of the measures to be announced in today's budget.

The €1.5 billion in additional spending will be largely aimed at addressing the rising cost of living.

Among the last measures agreed yesterday was a €5 a week rise in the fuel allowance, effective from midnight tonight. That's in a bid to offset fuel costs - which will also rise at midnight due to a 7.50 a tonne increase in carbon tax.

The point at which people pay the higher rate of income tax will rise by €1,500 - worth about €8 a week.

Minister Eamon Ryan has secured a €25 million fund to give half price public transport to students and anyone aged between 19 and 23.

Pensions and most social welfare rates will rise by €5 a week - with a full Christmas bonus to be paid. A €100m package from Minister Catherine Martin for the tourism sector will include a pilot universal basic income scheme for artists.

A loan guarantee scheme for financial institutions who lend to fund home retrofits forms part of a €350m climate package.

The Department of Justice has secured funding for 800 new Gardaí and 400 Garda civilian staff in 2022.

The Help to Buy Scheme is being extended by a year, while the Employment Wage Subsidy Scheme is being extended until the first quarter of 2022.

The Department of Health budget is set to see a decrease in Covid funding, while new spending will see a scheme to provide free contraception to young women.

Reporting by Sean Defoe

Follow @98FM on Twitter for the latest Dublin news


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