Donohoe unveils €11bn budget to combat inflationary squeeze

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Minister for Finance Paschal Donohoe has announced a near-record budget spend of €11 billion in a bid to shield households and businesses from the impact of rising prices, via IrishTimesBiz

Sinn Féin finance spokesman Pearse Doherty claimed the credit would be pocketed by landlords with further rent hikes.

He admitted “too many people cannot afford to buy their own home, or are paying too much of their income in rent” but hailed the increase in housing supply with some 25,000 new homes built in the past 12 months. The changes could be worth €800 to a single person and €1,600 to a two-income couple. Core social welfare payments are also to increase by €12 per week. Third-level students will see a once-off €1,000 reduction in their fees this year.

 

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