Published • loading... • Updated
Larger Package of Tax Measures in Budget than Expected
Families are expected to save more than €1,000 a year per child, with the cap set to begin in September 2027.
- Finance Minister Simon Harris and Minister for Public Expenditure Jack Chambers will announce an €8.65bn budget package in the Dail on Tuesday, comprising €7bn in new spending measures and €1.65bn in tax changes.
- Protracted negotiations between government departments preceded the final agreement, as Chambers insisted on a 6 per cent spending increase ceiling across government to manage mounting service costs.
- Families will benefit from a €550 monthly childcare fee cap, while middle earners see relief through a €2,500 increase in the 40 per cent tax rate threshold, now set at €46,500.
- Pensioners and welfare recipients will receive a €10 weekly increase, while the government extended excise duty cuts on petrol and diesel through February to address ongoing cost-of-living pressures.
- A new €500 disability support payment is included as the state manages a €6.9bn surplus, though officials face criticism for avoiding universal energy credits despite strong fiscal position.
Insights by Ground AI
21 Articles
21 Articles
What we're expecting to see in the Budget 2027
With Budget Day here, much of what to expect is already out there. That said, there are a few well-flagged items that might not make the final cut when Jack Chambers and Simon Harris get up to speak from 1pm on Tuesday. Here's what to keep an eye out for in the Budget this afternoon... […]
Evening Standard+2 Reposted by 2 other sources
Pension increases and cuts to childcare costs likely to feature in Budget 2027
Finance Minister Simon Harris and Minister for Public Expenditure Jack Chambers will unveil the spending plan in the Dáil later on Tuesday.
·London, United Kingdom
Read Full ArticleCoverage Details
Total News Sources21
Leaning Left3Leaning Right0Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
Factuality
To view factuality data please Upgrade to Premium
