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National

What to expect from Budget 2023

RedFM News
RedFM News

08:17 27 Sep 2022


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The government is set to announce a bumper budget package worth more than €10bn as it tries to battle the soaring cost of living.

The plans will be largely aimed at young families with students also set to significantly benefit.

Parents may get a number of benefits - a 25% reduction in childcare costs leading to savings of between €1,200 and €2,100 euro per child; free primary school books and income tax changes worth €800 a year to those earning over €40,000.

Students will see €1,000 slashed from third level fees and a double payment of the student grant, along with the reduction in public transport fares being kept.

While renters will get a €500  tax credit both this and next year.

Core social welfare rates will be raised by €12 euro, along with a €500 to carers and people with disabilities.

Free contraception will be extended to people aged 30 and under; publicly funded IVF will start next year and 1,000 extra gardaí will be recruited in 2023.

Businesses will be given money to deal with energy price hikes up to €10,000 a month; with households to get three energy credits worth a total of €600..

Many people have been struggling, and many may think it's not enough, but it's a budget primed to put more money back in pockets than we've seen since the Celtic Tiger days.


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Budget Budget 2023

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