FINANCE MINISTER MICHAEL McGrath has said that he is “not ruling out” introducing additional measures to help people deal with the cost-of-living crisis amid a “disconnect” between the predicted Budget surplus and ordinary households.
“I’m so conscious that while we are here talking about billions of euros of surpluses and bumper corporation tax receipts, the lived reality of many Irish people and the people I represent is very, very different,” he said. He said everyone can see the effects of inflation in their daily lives, but acknowledged that not everyone has the capacity to handle it equally.
Budget When asked yesterday whether we could expect a giveaway budget given the surplus, McGrath tempered expectations, though couldn’t deny the increased cash at the government’s disposal, stating that the Stability Programme Update is just one of the building blocks in the construction of Budget 2024.
He added that last year, the government’s budget expenditure rule was adjusted to allow for greater spending due to the high level of inflation.
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