Budget measures will 'help people get ahead', says Laois TD
A Laois TD has welcomed the announcement of Budget 2027, saying the measures will “help people to get ahead.”
Minister for Finance Simon Harris and Minister for Public Expenditure Jack Chambers unveiled the €8.65 billion budget package this Tuesday, with €7 billion committed to public spending and €1.65 billion in income tax measures.
Fine Gael TD for Laois, Deputy Willie Aird, has welcomed the package and said that it “will help people to get ahead in their lives and provide targeted supports to proof against the cost of living.”
Speaking after the Budget announcement, Deputy Aird said the financial package provided by the Tánaiste and Finance Minister will “ensure work pays with income tax cuts and more capital investment projects; while also planning for a new investment account so households can make their hard-earned money go further.”
Measures highlighted by Deputy Aird included the increase in the higher tax rate threshold from €44,000 to €46,500 and the increase in tax credits by €125.
He also noted that the maximum cost for childcare will be reduced from €735 to €550 per month for children up to senior infants from September, and the renter tax credit has increased to €1,150 for a single person and €2,300 for a couple from September.
There is also a €150 reduction in student contribution fees.
Deputy Aird also welcomed the fact that carbon tax on kerosene and gas will be reduced and paused for the lifetime of the Government, which means savings of €86 on a 1,000 litre oil fill.
“The current excise cuts on petrol and diesel will remain until next Spring and we will evaluate what is happening then,” Deputy Aird added.
In terms of housing, the Fine Gael TD said: “The supply of housing remains a priority for this Government. Fine Gael introduced the Help to Buy scheme, and we are increasing maximum relief from €30,000 to €35,000 to support first-time buyers. There will be extra finance for the local authority to build housing and infrastructure.”
Concluding, Deputy Aird said: “We are rewarding hard work so people can get ahead, not just get by, and helping with the cost of everyday life.”
Funded by the Local Democracy Reporting Scheme