Two further energy credits are being considered as part of this month's budget, however both will likely be less than €200.

A further increase in excise duties on fuel, due to take effect later this month, is also likely to be deferred as part of the package of measures due to be announced on 10 October.

Senior members of the Government have made it clear in recent days that while the budget will seek to assist those struggling with the cost of living, it will also not be as large as previous years.

Reductions in Universal Social Charge and income tax will form the majority of the €1.1 billion in tax package that is due to be announced.

Minister for Finance Michael McGrath is engaging with the Minister for Social Protection Heather Humphreys to examine whether a targeted measure could be introduced to help mortgage holders who are experiencing significant difficulties with their repayments.

However, it is understood that this is a complicated measure, with fears too that such an intervention could fuel inflation.

An increase in the renters credit is being considered, although it is unlikely that there will be a doubling of the credit, as some have called for.

Tax measures for landlords are also being considered. It is understood Government is looking at allowing landlords to earn a certain rental income before being taxed, however this would be subject to conditions.