Welfare increases and tax cuts are among the Budget measures which the Cabinet is expected to sign off on this morning. Here's what we know so far.
Mortgage Interest Relief
Mortgage-holders hit with European Central Bank rate hikes will be able to avail of tax relief of up to €1,250 under measures which will be announced in the Budget today.
The temporary measure is likely to apply to more than 208,000 homeowners who will be able to claim 20% tax relief on the rate increases between 2022 and 2023.
The measure will include those on variable and tracker mortgages.
Cost of Living
The Budget will have a range of cost-of-living payments including three energy credits of €150 each.
The Government knows how it responds to higher inflation, elevated energy prices and the effect of ten interest rate rises from the ECB will be crucial.
But Tánaiste and Fianna Fáil leader Micheál Martin has confirmed the cost-of-living package in Budget 2024 will be less than the €4.1 billion in one-off measures outlined last year.
Childcare fees are set to be cut by a further 25% next year.
Renters
The Renters' Credit is also set to increase in the Budget from €500 to €750.
Landlords are to get an "income disregard" of €3,000 to €5,000 at the standard rate of tax.
This means those who promise to stay in the rental market will get a tax break of between €600 and €1,000.
It has been confirmed too that the energy credit will be paid in three instalments of €150.
Social Welfare
There will be a rise of €12 in welfare and pension payments from January.
There is likely to be a one-off €400 payment for people on the Working Family Payment and those receiving the Carer's Allowance and the Disability Allowance.
A one-off €100 will be paid to those in receipt of the Qualified Child Payment. It is an extra welfare support targeted particularly at lone parents.
A lump-sum payment of €300 on the fuel allowance and €200 for those living alone is also expected.
An extra child benefit payment is likely before Christmas, while a double welfare and pension payment is set to be paid in January.
Child benefit payments are also expected to be extended to those aged over 18 who are still attending secondary school.
Other once-off payments are also expected before the end of the year.
The long-promised pay-related benefit scheme for people becoming unemployed will make it into this year's Budget announcement.
This is aimed at helping people who lose their jobs and suffer a steep drop in income.
Students
Families with an income of less than €100,000 will have college fees for undergraduate students halved to €1,500.
Other families will see college fees for full-time undergraduate students cut by €1,000.
More young people will qualify for cheaper public transport fares under Budget changes.
The change will see 24 and 25-year-olds becoming eligible for the Young Adult Card for the first time. The card allows half-price fares on public transport and with participating commercial operators.
Education
Free school books for students in the first three years of secondary school will be announced in the Budget at a cost of €55m.
The measure, which will be introduced next September, will mean that 770,000 students across primary and secondary schools will get free text books and work books.
