The government announced a parallel cost-of-living package costing €2bn, promising financial support for citizens through one-off payments, amidst rising economic challenges.
Significant tax cuts will adjust the top rate of income tax, raise tax credits, and reform inheritance taxes, with an increase in the €2,000 income threshold.
Conversely, new tax initiatives will target housing and consume products, including a hike in stamp duty on bulk home purchases and increased taxes on vapes.
Welfare provisions are set for raises, but a debate continues regarding equal increases in Jobseeker's Allowance for the long-term unemployed amid coalition tensions.
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