Budget 2025 is still a few months away, with official announcement usually taking place in September or October - Minister for Finance Jack Chambers has yet to confirm the date.
Organisations and business are also adding their thoughts, as pre-Budget submissions are being released.Read more:Save €130 a year on electricity by running your dishwasher on this lesser used cycle In their pre-Budget submission, Social Justice Ireland have called for an increase of at least €25 a week to social welfare payments.
They added: "It is important to note that despite rates of inflation slowing, most prices will not reduce into 2024 and beyond. Since 2020, food prices have risen by 21.2 per cent and energy by 64.5 per cent. It is well documented that low income households felt the brunt of the surge in inflation as they spend most of their money on the essentials such as food and fuel."