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Extra cost of living subsidies of up to €1b planned for Budget 2023

Extra cost of living subsidies of up to €1b planned for Budget 2023
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Up to €1 billion is expected to be allocated in the upcoming Budget in a series of once-off measures to help tackle the cost of living crisis.

A double child allowance payment is being considered for December, while another energy credit could be issued, to help households deal with spiralling electricity costs.

The €1 billion, part of the Government's "Cost of Living Budget", will go towards once off payments separate from the €6.7 billion already allocated to Budget 2023.

The Irish Times reports that while the exact size of the once-off measures have not been agreed upon yet, the extra subsidies are expected to kick in this year, rather than the following year as traditionally.

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Bilateral meetings at ministerial level on Budget 2023 will accelerate in early September, with both the cost-of-living package and the wider budget expected to be nailed down ahead of the budget at the end of the month.

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