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Government Leaders Meeting Now To Finalise Budget 2027 Details

Tánaiste and Minister for Finance Simon Harris TD with Minister for Public Expenditure Jack Chambers TD. Photograph: Leah Farrell / © RollingNews.ie

The €8.5 billion package will include €1.5 billion in tax reductions

Government leaders are meeting around now to finalise the details of Budget 2027.

The €8.5 billion package will include €1.5 billion in tax reductions.

The scale of income tax cuts and the final cost of living package are still up for discussion.

It is expected there will be an increase in the income disregard for the carer's allowance - a move towards abolishing means testing.

Discussions have been had about energy credits - but it is unclear whether they will feature.

Parents with more than one child in third level education are set to get a €750 discount on the student contribution fee per child under Budget 2027.

SUSI maintenance grants will also rise by 4.5 per cent, while a new fund will support students who get pregnant during college.

However, there will be no cut to the general €2,500 student contribution fee.

Fuel supports for farmers and fishermen are to be extended in the budget.

It will come alongside an increase in TAMS funding for farm capital development.

A new fund is also being developed to support the fishing sector, given the impact of falling EU quotas.

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