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Irish Mirror
Irish Mirror
National
Louise Burne

Michael McGrath appears to tamper Budget expectations following last year's massive giveaway

Budget Inflation John McCarthy Leo Varadkar Paschal Donohoe Ireland The Department of Finance

Finance Minister Micheal McGrath has once again ruled out further cost of living measures until the Budget, despite a forecasted €10bn budget surplus for the year.

He also appeared to warn that Budget 2024 will not be as generous as last year’s €11bn package.

Officials in the Department of Finance now believe that inflation rates will fall “fairly dramatically” in the second quarter of this year and will be two percentage points less than expected.

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