Government considering social welfare rate increases in upcoming budget

Central Bank governor Gabriel Makhlouf warned that the Government needs to begin raising new funds.

The Government is considering increases in headline social welfare rates as well as the need to cut borrowing as budget discussions begin across departments.

However while many sources say an increase in the pension is likely, there is no talk in Government of a "giveaway budget", with Finance Minister Paschal Donohoe adamant that reliance on pandemic-level borrowing must be ended.