Social AND fiscal measures may be needed to help people cope with rising oil prices.
Speaking in the Dáil this morning, Ryan said ‘social protection or other measures may be needed to get us through what is going to be a very difficult time in this country’.
He said his department was working with Finance Minister Paschal Donohoe “on a whole range of different initiatives”.
“A whole panoply of other fiscal or other initiative measures” will be needed to “manage this crisis,” Ryan said.
Sinn Féin have called for a mini budget to be presented before October to deal with the cost of living pressure the public are facing.
Sinn Fein TD for Meath East Darren O’Rourke said people were watching the rising cost of fuel and worried, saying he feared it could reach €2.50 a litre.
His party called for additional measures such as increased fuel allowance and cash payments to those in need.
“You know very well, Minister, that we must see action before October. Energy suppliers indicate during the summer that in September they will increase their prices. And that will push people further into poverty. We need to see a government response,” O’Rourke said.
The price of petrol in Denmark is currently €2.46, while it is €2.28 in Greece and €2.33 in Iceland.
Government sources said they were prepared not to intervene further in petrol and diesel prices, acknowledging that prices at the pump could rise further.
They said there was no point chasing inflation and the government is now focusing on cutting other costs for people to offset the costs.
The newspaper reported in April that significant child care costs are targeted in the October budget.
Taoiseach Micheál Martin told his parliamentary party meeting last night that there will be ‘a difficult number of months ahead with the cost of living’.
He said exploratory talks had been started with the government’s social partners to develop a response.
“If we continue inflation, it will get worse. We cannot exacerbate it in our decisions.
The Summer Economic Statement is a first step in the upcoming budget process…
“We want to make childcare affordable for working families, look at tax proposals to help workers and also reduce health care costs. Housing will have to play an important role in the next budget to help those who want to buy a house. We must also continue to reform our health service,” he said.
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Ryan said today that the budget process is the best way to deal with the current situation.
“I think it’s the right approach for us to get the mix and mix of different initiatives that we’ll need, I think it’s right to put them in place and design them with real thought and a real precision, in my mind, really targeting those who are most at risk, and also looking at a whole range of other fiscal measures or other initiatives that we can take to manage this crisis,” he said. declared.
“We are actively working together to look at a range of options,” he added.
Ryan said he doesn’t think the public should just smile and bear the rising costs.