FG duo say Budget 2022 will reduce the cost of living

Fine Gael’s local public representatives have claimed that Budget 2022 will reduce the cost of living, and assist in the national recovery following the Covid-19 pandemic.

Local TD and Minister of State Frank Feighan said the Budget would help “to recover our economy from the pandemic, repair our public finances and restore public services”.

He described primary and secondary education as the “major winner” in Budget 2022.

Deputy Feighan said the Budget also provides an income tax deduction “amounting to 30 per cent of the cost of vouched expenses for heat, electricity, and broadband in respect of those incurred while working from home”.

Local Fine Gael Senator Aisling Dolan said the Government were “acutely aware” of the impact on households due to increasing energy costs.

“To directly address this, we are increasing the weekly rate of the Fuel Allowance by €5 and increasing to €120 the amount of means allowed above the maximum State Pension (Contributory) rate for the means test,” she said.

Senator Dolan also highlighted what she described as “a comprehensive €1.85 billion agriculture package”.

She said the Government has also prioritised a reduction in the cost of living.

 

 

 

Budget 2022 highlights

From now…

  • Cigarettes rise by 50 cents to €15 per pack.
  • Petrol and diesel rise by approximately 2c and 2.5c.
  • €5 increase in the Fuel Allowance.

From January 2022…

  • State Pension increases by €5.
  • Rise in minimum wage of 30c to €10.50 per hour.
  • Living Alone Allowance will increase by €3.
  • All social welfare payments increase by €5 per week with a Christmas bonus in the weeks before December 25th.
  • Free contraception will be introduced for women aged 17 to 25.
  • Free GP care will be extended to cover children up to the age of seven.
  • Changes in the tax system will mean someone earning €40,000 a year will see their taxes fall by around €435 a year.

 

From May 2022…

  • All fuel excluding diesel and petrol will increase in price.
  • Coal and peat will increase in price. A 40kg bag will cost 89c more and a 12.5kg bag of briquettes an extra 20c.