Budget to include free school books for children and €600 energy credits

The budget is expected to include energy credits of €600 for all households.

06.53 26 Sep 2022

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Budget to include free school...

Budget to include free school books for children and €600 energy credits


06.53 26 Sep 2022

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The budget is expected to include energy credits of €600 for all households and a double child benefit payment in November.

Negotiations on the €14bn budget package continued late into the night ahead of tomorrow’s announcement at Leinster House.

The package is expected to include a large increase in the rate at which people pay the top rate of tax.


Currently the 40% rate kicks in on income above €36,800; however, ministers are expected to raise that by €3,200.


There will be a similar increase for married couples and those in civil partnerships, for whom the rate currently stands at €45,800.

Meanwhile, a special double payment of child benefit is expected in November alongside double payments of several other supports.

In general, social welfare payments are likely to increase by between €10 and €15 a week.

Childcare costs will also be reduced, however, the final details of this are not yet known.


Meanwhile, from next year, parents will no longer have to pay for school books.

Starting in September 2023, all primary school children will get textbooks for free, with class sizes also set to be reduced.

A €500 cut in college fees is also expected, reducing the current college contribution charge from €3,000 to €2,500.

There will be a once-off €500 payment for carers and people with disabilities.


Meanwhile, the final details of energy supports for businesses are being worked out

It is likely companies will be given back a percentage of the increased cost of energy and will have to submit 2021 bills to Revenue.

The €600 energy credit for households will be spread out across several bills.


The Help to Buy Scheme is also being extended for two years, while a tax credit for renters worth at least €200 is also being discussed.

Speaking on his way into the talks last night, Finance Minister Paschal Donohoe said Government is “very much aware” of the difficulties facing households and businesses.

“We worked very intensively to look at ideas and options that will provide supports, particularly as we move into winter,” he said.

“We are very much aware of the concerns many have regarding the cost of living in their homes and both of us are very much aware of the needs that businesses have.”

Budget 2023

The Public Expenditure Minister Michael McGrath said the budget would be largely agreed by this morning.

“Our expectation would be that we would conclude the budget in substantive form this evening because putting together a budget and the finished product that has to be published on the day is a mammoth task,” he said.

“We have teams of officials who are working on all of the supporting documentation and to be fair to them we have to have final decisions very shortly.”

He said managing the public finances is important to avoid problems down the line.

“By sticking in broad terms to the overall parameters of the budget as set out in the summer economic statement, I think it puts us in good shape in terms of managing the finances well into the future,” he said.

“That is important too. That does matter because we don’t want to sow the seeds now of future problems down the line.” will be bringing you the Budget announcement live from Leinster House tomorrow.

Join us for the announcement and all the reaction as the Government announces one of the most important financial packages since the financial crash.

Reporting Sean Defoe, Tom Douglas and Aoife Kearns.

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