Here's What To Expect In Budge...


Here's What To Expect In Budget 2024

Emily Keegan
Emily Keegan

09:06 10 Oct 2023

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Details of the €6.4 billion budget package will be revealed today at lunchtime.

The Cabinet is set to sign off on the proposals when it meets this morning.

There's something planned for everyone in the proposals. Here's what you can expect to hear:

The minimum wage will be increased by €1.40, going up to €12.70, with the likes of coffee shops, hairdressers and other small businesses being able to apply for the State to cover half of their rates.

There will be changes to some USC rates, as well as the entry points to the higher rate of income tax.

Energy credits are making a return for the winter. They'll be worth €450 and form part of a cost-of-living package worth over €2.3 billion.

The Renters Tax Credit is also set to increase from last year. It'll go up to €750, with a 'modest' tax relief scheme for small landlords to be announced, to encourage them to stay in the market.

The lower rates for public transport are to be extended to 24 and 25-year-olds.

There'll be double payments for child benefit and fuel allowance.

Cigarettes are to go up by 50 cent a packet. A tax will also be announced for vaping products.

The free schoolbooks scheme is set to be extended to Junior Cycle students.

Similar to last year, it looks like there'll be a €1000 refund on the student contribution charge for the current year.

Carers are expected to receive lump sum payments, and there are talks of a carer's pension being introduced.

All final details for Budget 2024 will be announced this afternoon.

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