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The Ireland government announces Christmas bonuses: Increased child benefits and support for businesses….

Dublin: The Irish government has unveiled a plan to double child benefit payments before the holiday season to alleviate the mounting cost of living. These increased payments will be disbursed partly within the budget and in the lead-up to Christmas.

This significant measure is set to be officially announced on Tuesday as part of the upcoming budget.

Support for Small and Medium-Sized Businesses:

In addition to families, small and medium-sized enterprises (SMEs) are set to receive a one-time financial boost ahead of Christmas to help offset rising operational expenses.

Details regarding the exact amount of this support have not been finalised, but the finance ministry has indicated that it will be tailored to the size of each company. Multinational corporations (MNCs) operating in the country will not be eligible for this assistance.

Enhanced Allowance for Trainee Gardaí:

Trainee gardaí undergoing training are poised to benefit from a substantial increase in their allowances, with weekly payments set to rise from €184 to €305. This adjustment comes following a request from Justice Minister Helen McEntee.

Electricity Credits:

The government is considering offering two installments of energy credits as part of this month’s budget. However, the total credit provided is expected to be less than €200 in both cases.

Rent Credit:

While the rent credit is unlikely to double, as previously suggested, it is certain that an increase in credit will be implemented.

Additional Tax Measures for Homeowners:

The government is contemplating further tax measures for homeowners, including a proposal to tax rental income above a certain threshold. However, this proposal has encountered significant opposition.

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