Ivana Bacik
Question:616. Deputy Ivana Bacik asked the Minister for Social Protection to outline the projected cost of proposals (details supplied); and if she will make a statement on the matter. [39657/23]
View answerWednesday, 20 September 2023
Questions (616)
Written answers
The estimated cost, in 2024, of increasing all weekly social welfare payments by €15 from January 2024, then the cost of a further €10 increase in June 2024 is €1,472.9m.
The estimated cost, in 2024, of increasing all weekly social welfare payments by €15 from January 2024, then a further €5 increase in June 2024, and a further €5 increase in October 2024 is €1,380.9m.
The estimated cost, in 2024, of increasing all weekly social welfare payments by €20 from January 2024, then a further €5 increase in June 2024, and a further €5 increase in October 2024 is €1,749.0m.
The costs shown above are on a first year basis and are based on the estimated number of recipients in 2023. Costs in a full year (e.g. from 2025) would be higher. It should be noted that these costings are subject to change in the context of emerging trends and associated revision of the estimated numbers of recipients for 2024.
It should also be noted that these costings include proportionate increases for qualified adults and for those on reduced rates of payment, where relevant.