Finance Minister gives update on cost of living measures for Budget 2025

The Finance Minister Jack Chambers has given an update on cost of living measures in the upcoming budget.

Minister Chambers, who took over the role two weeks ago, confirmed last week that the budget would take place this year on the 1st of October. When asked if the tax package could result in people being €1,000 a year better off, Minister Chambers said that Government has “made no decisions on what the tax bracket will be” ahead of the Budget 2025 announcement.

“Obviously, the tax package last year of €1.1 billion, it will be in and around €1.4 billion this year. We have to decide what the mix of that will be. Clearly, workers are our priority. They're seeing wage growth and they need to get a break in Budget 2025.”

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance Minister confirms early Budget 2025 date amid election speculationIt had been expected that Budget 2025 would take place on Tuesday, October 8 but Minister Jack Chambers, who took over the finance portfolio from Michael McGrath last week, confirmed the budget will be held earlier.
Source: IrishMirror - 🏆 4. / 98 Read more »

Budget 2025: Minister for Finance to reveal spending plan on October 1stJack Chambers says date moving forward not a signal of early election being planned and that Coalition will ‘run its full term’
Source: IrishTimes - 🏆 3. / 98 Read more »

Increase capital gains tax relief for company owners in Budget 2025, says DeloitteBig Four accounting firm also wants standard VAT rate cut to 21% and higher rate income tax threshold raised to €50,000
Source: IrishTimes - 🏆 3. / 98 Read more »