The Minister for Finance Paschal Donohoe and Minister for Public Expenditure and Reform Michael McGrath are announcing details of Budget 2022 this afternoon.
The total budget package is 4.7 billion euro -which includes 4.2 billion on expenditure and half a billion euro in tax measures.
These include increasing the point at which workers start to pay income tax, as the bands widen, a new minimum wage of €10.50 has been announced, and the reduced 9% VAT rate for the hospitality sector will remain in place until the end of August next year.
New measures have been announced to help with the costs incurred by those working from home - employees will be able to claim back 30% of vouched expenses for heat, electricity and broadband.
Finance Minister Paschal Donohoe says the current wage subsidy schemes as a result of Covid will continue until April, six months after the lifting of most of the remaining restrictions:
A pack of cigarettes goes up by 50 cent, and there's a 7.50 increase in the carbon tax which will be reinvested in social welfare measures on fuel poverty.
The 7.50 per tonne increase in carbon tax will mean about €1.48 more to fill a tank of diesel and €1.28 for a tank of petrol, while further changes are in the way in relation to VRT - vehicle registration tax.