The government’s unprecedented €10bn Budget is designed to benefit all citizens, particularly the squeezed middle, with measures such as tax cuts and one-off payments that could add thousands to household incomes.
Finance Minister Jack Chambers confirmed the introduction of a 'mansion tax', which will impose a higher stamp duty rate on properties over €1.5 million, making wealthier homebuyers contribute an additional €100 million to the economy over the next two years.
Despite concerns of echoing past economic mistakes by injecting billions when the economy is at full employment, measures aimed at increasing welfare rates reflect an effort to support low-income families amid rising living costs.
The budget’s family-friendly initiatives include universal access to free school books for all primary and secondary students, as well as a commitment to extend free school meals to every primary school student to combat food insecurity.
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