Irish budget to include 2.4 billion euros of 'one-off' supports - source

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Irish budget to include 2.4 billion euros of 'one-off' supports - source
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A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtipsDUBLIN - Ireland will add one-off financial supports totalling around 2.4 billion euros to planned permanent spending measures and tax cuts in Tuesday's budget for 2024, a source familiar with the process told Reuters.

Ministers pledged that the additional temporary supports to help households and businesses with cost-of-living pressures would not be on the scale of the 4 billion euros introduced a year ago when inflation was still surging. The supports, which will be spread across the rest of this year and early 2024, will include boosts to welfare payments, help with energy bills and extensions to excise duty cuts on petrol and diesel costs, ministers have said.

The government will also detail in the budget how it intends to turn years of projected large budget surpluses into a new sovereign wealth fund to ease future healthcare and pension costs linked to Ireland's growing and aging population.

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