Coalition leaders and Ministers set to finalise measures likely to amount to less than €1bn
Taoiseach Leo Varadkar, Tánaiste Micheál Martin, Green Party leader Eamon Ryan and other senior Ministers are due to meet on Monday to finalise the cost-of-living measures ahead of consideration by Cabinet on Tuesday.
However, she also sought to dampen expectations, telling RTÉ News there was a “comprehensive” package of measures in the budget and “the scale of these measures will be considerably less”.Fianna Fáil Minister of State for Enterprise Dara Calleary said there was an €11 billion package in the budget, including €4 billion for measures before the end of 2022 and €7 billion for increased social welfare payments and lower taxes this year.
A Government source said the package of measures announced on Tuesday would focus on targeted supports, would “not be a mini-budget” and would likely be less than €1 billion. The final costs will not be known until the measures to be included are signed off on and considerations will also be influenced by any decisions that would increase revenues like ending the reduced VAT rate for the hospitality sector.
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