It has been confirmed that as part of Budget 2022, the minimum wage in Ireland will increase by 30 cents per hour.
The upgrade will bring the hourly minimum wage in Ireland up to €10.50 per hour.
Tax credits are also to be raised by €50 over the coming year.
Minister for Finance Paschal Donohoe has also announced that the cut-off point at which the higher rate of tax applies has been increased to €1,500.
The change is estimated to be worth approximately €300 per year for the average Irish worker.
Free contraception for 17-25-year-olds was also confirmed, along with a further 800 Gardaí to be recruited.
The price of a packet of cigarettes is also to increase by 50 cents, with further increases on other tobacco-related products.
“This will bring the price of cigarettes in the most popular price category of up to €15,” Donohoe said.
“For those concerned with the rising cost of living, this Budget will help you,” Donohoe continued.
“For those worried about whether they can own a home or afford their rent, this Budget will support you – and for businesses looking to the future, this Budget will back you.”