ESRI: Budget 2024 likely to put more money in public’s pockets - and more pressure on inflation

Group says tax cuts and welfare measures will protect households from inflation but warned that big spend could overstimulate economy

Tax and welfare measures introduced in Budget 2024 are likely to increase the real income of Irish households, the Economic & Social Research Institute has said.

According to the institute, the announced measures - which include tax cuts, welfare increases and one-off payments - are set to average at roughly 2 per cent of an average household’s disposable income, and will likely “insulate” most households from rising prices next year.

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