The estimated full year cost of increasing all social welfare payments to €300 per week, with a proportionate increase for qualified adults, is €5.9 billion. This cost refers to increasing the standard weekly social welfare rates of payment and does not include increases, where applicable, for temporary payments such as the Pandemic Unemployment Payment.
This costing is based on the estimated number of recipients in 2021 and is subject to change in light of emerging trends, and subsequent revision, of the estimated number of recipients.