€505 Million Fuel Package Won't Impact Budget Arithmetic, Says Simon Harris

Tánaiste and Finance Minister Simon Harris stated today that the €505 million fuel package, announced after nationwide fuel protests, will not materially impact the government’s budget arithmetic. He confirmed tax cuts in the upcoming budget, made possible by Ireland’s Exchequer surplus, which provides an advantageous position for such relief.

Harris explained that this temporary, one-off, targeted package uses the surplus, allowing adherence to the medium-term budget plan. This plan will invest in public services in October’s budget and aim to reduce taxes for working people. He acknowledged that if the energy crisis persists into winter, further government interventions cannot be ruled out, and efforts will be made to assist those not qualifying for fuel allowance who are struggling.

Regarding tax cuts, Harris prioritized people who «play by the rules» but still struggle, emphasizing that the solution to the cost-of-living crisis is not solely social welfare or subsidization. He confirmed a personal income tax package, with its composition—including USC, thresholds, rates, and tax credits—subject to detailed government discussion. On childcare, Harris reiterated the commitment to achieve €200 per month per child during this government’s term, preferring state collaboration with providers over an overly regulated, state-headed system to ensure affordability and capacity.