Cost-of-living budget brought forward to September amid strong tax receipts

Ministers have agreed to bring Budget Day forward to September 27th, two weeks earlier than expected, with an increased package of €6.7 billion to help offset the cost-of-living crisis.

The decision was taken at a Cabinet meeting on Monday afternoon ahead of the publication of the Summer Economic Statement, which sets out the broad parameters on the funds available for spending and tax measures.

The Government has been under pressure to introduce more measures to help households with soaring inflation. It has so far resisted bringing in any new supports before the Budget, originally planned for October 11th.

Opposition parties have criticised the Government’s decision to wait that long.