The countdown is on for the Budget 2027, with Minister for Finance Simon Harris and Minister for Public Expenditure Jack Chambers to stand in the Dáil and outline the €8.5 billion spending package for 2027.
While we are yet to know full details, several expectations have emerged ahead of today's announcement.
For many employees, the biggest changes could be in income tax.
The Government is expected to increase the tax Cut-Off Threshold from €44,000 to €46,000. If confirmed, the measure would leave many middle-income earners with additional disposable income worth roughly €400 annually.
Tax relief may not stop there. Reports suggest the Government is also examining changes to capital gains tax and inheritance tax.
The Government is also expected to abandon future carbon tax increases on home heating fuels, a move designed to shield households from further energy-related costs.
Alongside tax changes, social welfare recipients are expected to receive increases.
Weekly welfare rates could rise by between €12 and €15, while pensioners are widely expected to receive at least a €8 increase in the State pension. Several one-off payments are also being discussed, including a €300 Fuel Allowance bonus and a disability support payment worth more than €400.
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Students and families could see further assistance through a proposed €500 college grant for families with multiple students in higher education, as well as a €250 reduction in student fees.
16 and 17 year olds could receive a €100 culture card aimed at encouraging participation in arts and cultural activities.
There are expected cuts of at least €1,000 for the full time childcare for young children, set to be central to this year's Budget.
However, indications that the monthly rate of €140 will remain unchanged for Child Benefit.
Despite growing calls for the return of electricity credits, the Government has signalled that the scheme is unlikely to make a comeback. As energy bills continue to place pressure on households nationwide, many have argued that direct energy supports should be reinstated.
The expected welfare increases and once-off supports are intended to provide assistance to those most affected by rising costs without reintroducing broad energy subsidies.
The full details will become clear when the Budget 2027 is formally announced later today.
