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Dublin Live
Dublin Live
National
Ferghal Blaney

Budget 2023: €11bn bonanza as Tanaiste says preparations underway for cost of living crisis next year

Budget 2023 has unleashed the biggest giveaway in the history of the State as €11billion has been splurged to help households tackle the cost of living crisis.

Pension hikes, reduced college fees, free energy credits, cheaper public transport, slashed childcare fees and across the board welfare hikes are all part of the bonanza. But preparations are already underway to introduce another multibillion cost of living package in February – when the supports unveiled in the Budget run out.

Tanaiste Leo Varadkar exclusively told the Irish Mirror last night that the Government is already “putting money in the tank” to deal with the cost of living crisis next year. He indicated this could include even more energy credits, further supports for business, the temporary VAT cut for hospitality being kept and continued reductions in motor fuel taxes.

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