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Budget 2023: Here's what we know ahead of the announcement tomorrow

Budget 2023: Here's what we know ahead of the announcement tomorrow
Budget 2022, © PA Wire/PA Images

The final touches are being put on budget 2023.

A once off €500 payment for carers and people with disabilities has been confirmed.

The entry point for the higher rate of income tax is being raised to €40,000.

The help to buy scheme is being retained for two more years while there will be a double payment of the carers allowance in the coming months.

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An electricity credit of €600 will be given to people over three payments.

The final things to be decided include how much social welfare will increase, most likely by €12 across core rates.

The amount of a renters tax credit is likely to be around €400 or €500 euro.

And the rate of an energy support scheme for businesses is still being decided, along with what the Department of Health will do with its budget allocation.

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