The Budget is anticipated to provide significant financial relief to households; however, there are concerns over various increases that could offset this relief.
Experts warn that escalating PRSI payments, health insurance costs, and new taxes on carbon emissions and vapes may significantly diminish the benefits promised in the Budget.
In addition to hitting households with rising fuel costs, people will also see hikes in electricity levies and new taxes on cigarettes, compounding their financial strain.
While Finance Minister Jack Chambers’ upcoming speech is expected to propose tax cuts and welfare boosts, consumers should prepare for detrimental impacts on their finances due to various levies.
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