‘Bumper budget package’ worth more than 10 billion euro to be announced this afternoon

The government is set to announce a bumper budget package worth more than 10 billion euro as it tries to battle the soaring cost of living.

The plans will be largely aimed at young families with students also set to significantly benefit.

It’s a giveaway budget the likes of which hasn’t been seen since the financial crash.

Parents may get a number of benefits – a 25 per cent reduction in childcare costs leading to savings of between 1,200 and 2,100 euro per child; free primary school books and income tax changes worth 800 euro a year to those earning over 40-grand.

Students will see 1,000 euro slashed from third level fees and a double payment of the student grant, along with the reduction in public transport fares being kept.

While renters will get a 500 euro tax credit both this and next year.

Core social welfare rates will be raised by 12 euro, along with a 500 euro payment to carers and people with disabilities.

Free contraception will be extended to people aged 30 and under; publicly funded IVF will start next year and 1,000 extra gardaí will be recruited in 2023.

Businesses will be given money to deal with energy price hikes up to 10,000 euro a month; with households to get three energy credits worth a total of 600 euro.

Many people have been struggling, and many may think it’s not enough, but it’s a budget primed to put more money back in pockets than we’ve seen since the Celtic Tiger days.