Explainer: Everything you need to know about the summer economic statement

What is in the document itself and what does it mean?

Minister for Finance, Paschal Donohoe TD and the Minister for Public Expenditure & Reform, Michael McGrath TD host a press conference on the publication of the Government's summer economic statement 2022 & End Q2 2022 Exchequer Returns. Picture: Sasko Lazarov / RollingNews.ie

The Government has announced a €6.7 billion package for this year's Budget in its summer economic statement.

Cabinet signed off on the statement at Monday's meeting, allowing Finance Minister Paschal Donohoe and Public Expenditure Minister Michael McGrath lay out the broad parameters of the Budget to the public.