budget 2024

Businesses give thumbs up to budget but minimum wage hike to bite

The state had a significant war chest available and made sure to spend it, with two new state investment funds and a menu of targeted helps for various sectors

From the start of next year, the minimum wage will increase to a new level of €12.70 per hour, followed by further increases until the minimum wage rises to about €15 per hour; this policy shift will have a very significant impact throughout the labour market