Government officials are set to outline the spring cost of living package in the coming days.
An additional child welfare payment is on the cards, as families continue to struggle with mounting inflation. An energy rebate is also expected to be announced.
However, the public can expect some blows in terms of fuel costs and the VAT rate. The hospitality sector will likely see VAT charges jump from 9% to 13.5%.
Additionally, the excise duty on fuel is also expected to increase. Motorists were granted an excise of 20c per litre on petrol and 15c on diesel last year in order to address the energy crisis, but these will be phased out in the future.
The government will lay out some protections for the public, including a potential electricity credit payment worth €200 before the summer. Households are currently awaiting a third electricity payment, which will be issued this March.
Tanaiste Micheal Martin previously indicated that he would like households to receive more energy credits in the second half of the year, as temperatures begin to plummet. While the cost of energy is currently falling, a return to cold weather this spring could see prices spike once again.
The additional child welfare payment will likely echo the double payment granted at the beginning of November in 2022. Parents and guardians were entitled to an additional €140 per child for that month.
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