The Irish government is set to announce “huge relief plans” for people suffering from rising living costs
Dublin: The Irish government is preparing to announce “huge relief plans” for people facing rising living costs. The government is introducing a €1.25 billion cost of leaving package to assist pensioners, carers, disabled people, and parents with school-aged children in resuming their lives.
The package is expected to be approved at today’s cabinet meeting. This has been agreed upon by the government’s allied leaders and senior ministers.
The package looks like this…
The package indicates that pensioners, carers, and disabled people will receive a one-time assistance of 200 euros. Each child receiving child benefit will receive a one-time payment of 100 euros. In addition, those who qualify for the back-to-school and clothing allowance will receive an extra 100 euros. The government plans to spend 400 million euros on child benefits.
As part of reducing the cost of living, the VAT in the hospitality sector was earlier reduced by 9%. This tax exemption may be extended for an additional six months. This benefit can be availed of until the end of August.
The previously announced temporary energy support scheme will be extended for another three months. There will also be plans to liberalise market entry criteria for companies such as Energy Heating.
Excise duty may be raised.
At the same time, the government is also moving to increase the excise duty on petrol and diesel in three phases. The increase will take effect on June 1, September 1, and October 31, respectively.
Petrol prices are expected to rise by six cents on June 1, seven cents on September 1, and eight cents on October 31.
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