An ambitious €8.3bn Budget has been revealed by the Government, aiming to set Ireland on a solid foundation for the years ahead. Finance Minister Jack Chambers emphasized that this Budget sets the stage for continued growth and prosperity for all residents of Ireland.

Key highlights of the Budget include a €2,000 increase in the standard rate tax cut-off point, a reduction in USC from 4% to 3%, and an increase in the national minimum wage to €13.50 per hour. These measures will result in greater take-home pay for working individuals.

The Budget also addresses important infrastructure needs, with significant allocations towards housing, energy, water, and transport. Additionally, funds from the Apple tax judgment will be strategically utilized for the country’s future development.

Other initiatives include a ‘Universal Companion Pass’ for pensioners, a social protection package, and support for new parents. Despite some industry disappointment, the Budget aims to create a balanced approach to benefit all sectors of society.

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The Budget outlines a clear vision for Ireland’s future, focusing on sustainable growth and inclusivity across all sectors. While some criticisms have been raised, the overall aim of this Budget is to ensure a prosperous and promising future for the people of Ireland.