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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, ยฉ PA Wire/PA Images

The final touches are being put on budget 2023.

A once off โ‚ฌ500 payment for carers and people with disabilities has been confirmed.

The entry point for the higher rate of income tax is being raised to โ‚ฌ40,000.

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 โ‚ฌ600 will be given to people over three payments.

The final things to be decided include how much social welfare will increase, most likely by โ‚ฌ12 across core rates.

The amount of a renters tax credit is likely to be around โ‚ฌ400 or โ‚ฌ500 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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