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Budget aims to help 'most vulnerable' and the 'squeezed middle', says McGrath

Cabinet could decide next week to bring the Budget forward to the end of September.

LAST UPDATE | 1 Jul 2022

 

THIS YEAR’S BUDGET, which is expected to be held earlier than usual, will aim to help the “most vulnerable” and the “squeezed middle”, Public Expenditure Minister Michael McGrath told the Fianna Fáil parliamentary party meeting today.

Childcare, pension hikes, housing and public transport were all up for discussion at the special meeting on Budget 2023. 

McGrath told his party members that the budget, which could be held in September instead of October this year, will include a cost-of-living package that need to be “substantial” and “implemented quickly”. 

There will be an emphasis on public services, such as access to health, housing, education, childcare, disability services, older people, as well as a welfare and tax package. 

McGrath said the budget will deliver an “immediate tangible benefit for most vulnerable”. 

He said working families will see a tangible reduction in health and childcare costs, and there will be improvements in key public services.

Speaking to reporters after the meeting and reacting to the recent electricity and gas price hikes announced today, the Taoiseach said “there will be a package” to help alleviate costs for people. 

“By the time that increase comes in, the gap between that and the budget will be relatively short,” he said.

Government is working on the best way to alleviate the pressure on households in terms of their disposable income and in a way that doesn’t further exacerbate the inflationary realm, he said. 

He said he also wants to ensure that the money doesn’t go into the pockets of those that don’t need the dig out. 

One of the key objectives of Government is climate action and also reducing public transport costs. 

Housing formed a big discussion point at the meeting, with members raising the Central Bank mortgage lending rules, and calling for people that pay extortionate rent having that fed into the amount they could borrow.

“I think also we’re conscious that a lot of smaller landlords are exiting the market. We’ve got to address that,” said the Taoiseach.

mcGrath said earlier today that it is possible there will be a “modest change” in bringing the Budget forward.

McGrath said the Government is examining whether it is possible to bring forward the date of the Budget and a decision will be made by Cabinet next week.

He said it is being worked through and the process of moving the Budget date is “very much under way”, with it likely being brought forward to the end of September.

“No decision has been made by Government yet to change that date and the issue is under consideration, but I would say this, there is limited scope to change that because the process of putting together a Budget is a lengthy and complex process,” McGrath told RTE Morning Ireland.

“We are working through that at the moment and the process is very much under way.

“So Government will make a final decision and I anticipate that will happen next week.

“We are very conscious of the genuine cost-of-living pressures that people are under and we have said that there will be a need in the autumn for a set of one-off measures to help people in the best way that we can.

“So if it is possible to bring it forward by a short period of time, within the limits, then we are examining that issue at the moment, but no decision has been made, and any change would be modest in nature in terms of date.

“I don’t think it will be fair to speculate on any particular date when no decision has been made.

‘Bringing it forward’

“It is possible that there will be a modest change in terms of bringing it forward. But that’s not definite until Government makes a decision and they expect that will happen next week.”

McGrath said the measures to be announced as part of the Budget package will be targeted at those most impacted by the cost-of-living crisis.

He said it will involve one-off measures, adding they will be substantial in scale.

While he refused to give details on some of the proposed budgetary measures, he did not rule out including an electricity grant of €200.

It has been flagged previous that a further electricity credit might be on the cards, however it is understood that if it is rolled out, it could be more targeted that the the previous round in April.

“I would like to just set out three broad priorities. One is those who are genuinely the most vulnerable, they will need the most help at this time,” McGrath said.

“But people who are working, working families will also need help because they too are feeling real pressure at this time.

“They will want to see us as a Government move to reduce costs in areas like childcare, transport, health, and to reduce the tax burden that they face as well.

“I think the third key priority is public services. The relationship between the state and the citizen works on the basis that all citizens pay some tax to the Government, even if they’re not working, and in return they expect the state to deliver good services, access to housing, access to healthcare, good disability services, home care services.”

Summer Economic Statement

He said the summer economic statement will be brought to Government on Monday, which will set out the resources available for the Budget.

It comes as Fianna Fail members are to hold a special party meeting on Friday to discuss the Budget and measures to address the cost of living.

“It is a very good opportunity for myself and the other Fianna Fail ministers and our Taoiseach to listen to our colleagues across the parliamentary party,” the minister added.

“This will be a policy-focused discussion with an emphasis on the Budget as you would expect, and I believe that there will be a number of key priorities emerging from that meeting that are very much in line with my own views, the views of the Taoiseach and indeed the Government.”

With reporting by Christina Finn

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    Mute Finian McG
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    Nov 19th 2024, 7:36 AM

    Whatever about Status Yellow, don’t forget Operation Green on Friday week. Get them yokes gone for good this time!

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    Mute Brendan O'Brien
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    Nov 19th 2024, 8:05 AM

    @Finian McG: No doubt you’ll be voting far-right. I prefer the Greens and other decent parties, thanks.

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    Mute Paul M Doe
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    Nov 19th 2024, 8:13 AM

    @Finian McG: anyone but the greens and SF

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    Mute Shane O Mac
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    Nov 19th 2024, 8:16 AM

    @Brendan O’Brien: adding to the problem

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    Mute Regular John
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    Nov 19th 2024, 8:21 AM

    @Brendan O’Brien:
    LOL ! Delusions of grandeur…

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    Mute Brendan O'Brien
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    Nov 19th 2024, 8:26 AM

    @Shane O Mac: By not voting far-right? Seriously?

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    Mute Kieran Menon
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    Nov 19th 2024, 8:47 AM

    @Brendan O’Brien: 1mm to the right is “far right” apparently.

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    Mute Brendan O'Brien
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    Nov 19th 2024, 8:51 AM

    @Kieran Menon: No, that would be the centre or, at most, the centre right.

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    Mute Seosamh Ohuaine
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    Nov 19th 2024, 8:58 AM

    @Brendan O’Brien: Is Anyone except the greens far right Brendan.

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    Mute eoin fitzpatrick
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    Nov 19th 2024, 10:08 AM

    @Finian McG: it’s not like any of you were voting for my beloved greens in the first place. They’ve delivered much of their manifesto so green voters like myself are pleased with their performance.

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    Mute Mary M
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    Nov 19th 2024, 10:42 AM

    @eoin fitzpatrick: tool

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    Mute Brian Hunt
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    Nov 19th 2024, 11:36 AM

    @Brendan O’Brien: I wonder why I’m not surprised!

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    Mute Joe Beirne
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    Nov 19th 2024, 3:01 PM

    @eoin fitzpatrick: Go sell your lettuce somewhere else, we are all stocked up.

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    Mute Ger Whelan
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    Nov 19th 2024, 3:39 PM

    @Brendan O’Brien: Greens and decent don’t go together.

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    Mute Ned
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    Nov 19th 2024, 4:33 PM

    @Brendan O’Brien: the greens like piling on useless carbon taxes on you and all how decent is that?? Brenden B.

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    Mute sean weir
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    Nov 19th 2024, 5:12 PM

    @eoin fitzpatrick: did Duffy no just stop 300 homes being built because “it overlooks my kitchen”
    Feck the greens

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    Mute damien leen
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    Nov 19th 2024, 7:25 PM

    @Brendan O’Brien: Far right…you don’t even know what it means, clearly.

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    Mute Kevin Kerr
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    Nov 19th 2024, 8:03 PM

    @damien leen: tell us then, Damien, what does far right mean to you?

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    Mute Mick Joe
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    Nov 20th 2024, 6:12 AM

    @Kevin Kerr: We don’t have any far right parties.

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    Mute Kevvy kerrr
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    Nov 19th 2024, 9:41 AM

    As usual, …..an article about some chilly weather a-coming & it’s hijacked into political mud slinging & juvenile reamblings

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    Mute Sun Rise
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    Nov 19th 2024, 5:28 PM

    @Kevvy kerrr: No surprise at all. The kids are using mummy’s mobile. I wish she would keep them away from it.

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    Mute AnthonyK
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    Nov 19th 2024, 10:15 AM

    Israel condemned last night by all political parties for their attack on Palestinians. There was little mention of the Hamas and Hezbollah attacks that started the conflict. Although I think Martin did condemn Hezbollah / Hamas. Anyway, most people label Israel right wing.

    Israel formed after the holocaust. Nazi’ are considered right wing. Nazi’s were supported during the war by the Palestinians.

    It can get very confusing when people are labelled right wing.

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    Mute Pól Pot
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    Nov 19th 2024, 1:00 PM

    @AnthonyK: Israel had a plan hatched long before the holocaust. Chaim Weizmann had the ear of British parliament via his acetone, and he pushed Herzrl’s Der Judenstaat relentlessly. The idea that Hammas started the conflict last October is ignorant and insulting. The Jews are aware of the awful nature of the atrocities they’re committing. It’s a moral price they’re prepared to pay to ensure they’re survival as peoples.

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    Mute Pól Pot
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    Nov 19th 2024, 1:01 PM

    @Pól Pot: *their survival….

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    Mute Pól Pot
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    Nov 19th 2024, 1:05 PM

    @AnthonyK: You can be bloody sure they’re right wing. No confusion.

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    Mute Thomas Sheridan
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    Nov 19th 2024, 3:25 PM

    @Pól Pot: You correctly point that Hamas didn’t start the conflict last October. NO, it would be more correct to say they started it in 2005, after Israel withdrew from Gaza and left them with a modern & well developed region on a prime Mediterranean coast. But such was their obsession to destroy Israel that they have ended being destroyed themselves. (And don’t mention walls, blockades, etc. – this all happened after their suicide campaign against Israeli civilians).

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    Mute Pól Pot
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    Nov 19th 2024, 4:00 PM

    @Thomas Sheridan: Ye know nought.

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    Mute Pól Pot
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    Nov 19th 2024, 4:23 PM

    @Thomas Sheridan: Deir Yassin massacre?

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    Mute Paul Whitehead
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    Nov 19th 2024, 4:46 PM

    @Thomas Sheridan: I’m sure you’re wrong. Was it not the day before my 20th birthday? Either that or at the signing of the Balfour agreement which robbed generations of Palestinian people of their land and homes, in favour of Jews. Either way it goes back a bit. The only certainty is that Israel stole the land.

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    Mute Eoin Jackson
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    Nov 19th 2024, 4:54 PM

    @AnthonyK: you seem to be under the illusion that the Hamas attacks started the conflict. Let me clarify for you and hopefully ease your confusion. The conflict started in well before October 7th and dates back to 1949. 2023 was the most deadly year on record for Palestinian children since records began. Up until the 7th October that was. It was one of the bloodiest years in the history of Gaza for Palestinian civilians. Then October 7th happened. Everyone and condemned October 7th. Everyone who supports Palestine condemned October 7th. It shouldn’t happen. Why can you not condemn Israel’s actions? Maybe learn more than “WhAt AbOuT oCtObEr 7Th” before commenting on the matter?

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    Mute Eoin Jackson
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    Nov 19th 2024, 4:56 PM

    @Eoin Jackson: I also struggle to believe October 7th happened without Israel’s blessing. This is a state that spends trillions on defence. Has an incredible intelligence agency in the Mossad that had Hamas infiltrated on nearly every level. But you’d have us believe that it was a complete surprise attack and the Israeli leadership had absolutely no idea it was brewing. Yeah, I have a bridge to sell you and it’s going at a great price, a special discount for you…

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    Mute North Phone Bowe
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    Nov 19th 2024, 5:02 PM

    @AnthonyK: Hamas was formed in 1987. Explain the Nakba and genocidal ethnic cleaning for 40 years prior to that.

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    Mute Thomas Sheridan
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    Nov 19th 2024, 6:17 PM

    @Paul Whitehead: Take that up with the Turks that owned it before the Jews returned, or the Arabs that abandoned their land at the behest of their invading Arab neighbours

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    Mute Pól Pot
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    Nov 19th 2024, 6:56 PM

    @Thomas Sheridan: Was never abandoned. Not ever. Consistently populated.

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    Mute Alex
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    Nov 20th 2024, 1:09 AM

    @Paul Whitehead: no such thing as Palestine. Never existed.

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    Mute Alex
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    Nov 20th 2024, 1:10 AM

    @Pól Pot: it wasn’t, it has been colonised by Arabs rats.

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    Mute Ronan Mc
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    Nov 19th 2024, 1:35 PM

    Great weather for a trip to the Sally Gap

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    Mute Brian Hunt
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    Nov 19th 2024, 4:35 PM

    @Ronan Mc: And no doubt, people will try to get there!

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    Mute Paul M Doe
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    Nov 20th 2024, 5:22 AM

    @Brian Hunt: let Darwin look after it, people should be left too it don’t bother saving dumbos lol

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    Mute Brian Hunt
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    Nov 19th 2024, 11:44 AM

    I’m just waiting for the hired hacks to ambush anyone who suggests Climate Change is a scam cooked up by government to increase taxes!

    62
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    Mute Finian McG
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    Nov 19th 2024, 12:46 PM

    @Brian Hunt: Up to $41 billion in World Bank climate finance unaccounted for, Oxfam finds
    Published: 17th October 2024

    Up to $41 billion in World Bank climate finance —nearly 40 percent of all climate funds disbursed by the Bank over the past seven years— is unaccounted for due to poor record-keeping practices, reveals a new Oxfam report published today ahead of the World Bank and IMF Annual Meetings in Washington D.C.

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    Mute Finian McG
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    Nov 19th 2024, 12:49 PM

    @Brian Hunt: Plants the world over are absorbing about 31% more carbon dioxide than previously thought, according to a new assessment developed by scientists. The research, detailed in the journal Nature, is expected to improve Earth system simulations that scientists use to predict the future climate, and spotlights the importance of natural carbon sequestration for greenhouse gas mitigation.

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    Mute Thomas Sheridan
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    Nov 19th 2024, 3:18 PM

    @Finian McG: Oxfam has its own governance and accountability issues to deal with.

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    Mute Pól Pot
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    Nov 19th 2024, 7:45 AM

    Ireland’s top scorer, Robbie Herzl.

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    Mute michael graham
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    Nov 20th 2024, 5:05 PM

    @Pól Pot: one of Ireland’s best ever players and started his.career as a manager very well

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    Mute Dan Murphy
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    Nov 19th 2024, 6:36 PM

    I wonder what Gom will need rescuing off a mountain over the next few days,

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    Mute Paul Whitehead
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    Nov 19th 2024, 4:47 PM

    Has LIDL got any bread left??

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    Mute Marco Ilariuzzi
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    Nov 19th 2024, 7:01 PM

    @Paul Whitehead: time to get the jcb out

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    Mute Brian Hunt
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    Nov 19th 2024, 8:38 PM

    @Paul Whitehead: Yes, but running low on bog roll!

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    Mute P. V. Aglue
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    Nov 19th 2024, 10:23 PM

    @Paul Whitehead: they have their ski gear on offer

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    Mute Paul whitehead
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    Nov 20th 2024, 7:58 AM

    @P. V. Aglue: We may need it with this appalling weather alert. It’s terrifying. I can see white on the roof of my neighbour house.

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    Mute Paul whitehead
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    Nov 20th 2024, 7:59 AM

    @Marco Ilariuzzi: Things are bad but surely we cannot go down that road again.

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    Mute Phillip Smyth
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    Nov 19th 2024, 6:45 PM

    Jesus it’s cold out there.

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    Mute Willie Marty
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    Nov 19th 2024, 7:39 PM

    @Phillip Smyth: baby its warm in here.

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    Mute Phillip Smyth
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    Nov 19th 2024, 9:23 PM

    @Willie Marty: give it over.

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    Mute damien leen
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    Nov 19th 2024, 7:24 PM

    Those lovely high energy bills, highest in Europe gonna come in real handy now…What am I talking about, forgot about the couple of €125 payments towards energy bills from this wonderful government, that’ll get us through the winter!

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    Mute john mac
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    Nov 19th 2024, 5:58 PM

    Did sleepy cycle to cop meeting and eat bugs? he did in me b olocks

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    Mute Kevin Daly
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    Nov 19th 2024, 9:05 PM

    There’s all them IPA’S in nice comfy hotels paid for by us tax payers whilst our own Irish women and children and men sleep on the freezing streets. It’s Sickening. I’ve two girls if I didn’t I would take one or two homeless people in it’s shameful what this current government has done

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    Mute Andrew Kenny
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    Nov 19th 2024, 9:09 PM

    @Kevin Daly: And I guarantee you Kevin that the same government (more or less) will be back in power in a few weeks. The electorate are thick.

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    Mute Alex
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    Nov 20th 2024, 1:13 AM

    @Kevin Daly: They also live in tents. Nobody cares what you think Kevin because you would never take any rough sleeping people.

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    Mute Margaret Gallagher
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    Nov 19th 2024, 3:08 PM

    Drill baby drill is it so? Where will these climate change deniers find an Irish Trump to vote for ?

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    Mute Margaret Gallagher
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    Nov 19th 2024, 3:12 PM

    Someone with a huge jet and a cavalcade of limos to move him around and of course who would to speak up for the “people ” and be besties wurh criminals and abusers of all sorts like himself ?

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    Mute K O
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    Nov 20th 2024, 10:20 AM

    @Margaret Gallagher: give it a rest and go and do some housework

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    Mute Paul Doheny
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    Nov 19th 2024, 9:43 PM

    FFS it’s only frost

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    Mute Tomas Barrett
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    Nov 19th 2024, 10:46 PM

    @Paul Doheny: it’s not only frost. It”s cold enough that the water on the ground will freeze. Could be quite dangerous for people walking/ driving early tomorrow.

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    Mute Joanne Stokes
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    Nov 20th 2024, 6:22 AM

    @Tomas Barrett: well bring out the gritters hardly any out last time we had bad weather were the County Councils asleep at wheel. No accountability like!!

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    Mute Phillip Smyth
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    Nov 19th 2024, 3:12 PM

    Change from the typical.

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    Mute P. V. Aglue
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    Nov 19th 2024, 10:26 PM

    Storm coming Saturday.

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    Mute Willie Marty
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    Nov 19th 2024, 10:52 PM

    @P. V. Aglue: bigger one Friday week-Hurricane Simon.

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    Mute Phillip Smyth
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    Nov 19th 2024, 11:29 PM

    @Willie Marty: light breeze Simon.

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    Mute Jonathan Hanlon
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    Nov 19th 2024, 6:28 PM

    This is dreadful news

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