A €2bn cost of living package is being finalised by the Government ahead of tomorrow’s Budget 2025 announcement.
Two double payments of Child Benefit, possibly before the end of the year, are on the cards.
Increases in social welfare rates including the State Pension are also expected alongside an energy credit of €250.
The Universal Social Charge (USC) is set to be cut to 3% for those earning up to €70,000 while Inheritance Tax bands will be increased.
Fees for the Leaving and Junior Certificates are also due to be cancelled for another year.
Budget 2025 will be made up of a total package of €8.3bn - comprising €1.4bn in taxation measures and new expenditure of €6.9bn.
Irish Fiscal Advisory Council Senior Economist Niall Conroy told Newstalk Breakfast he has some concerns.
"It's not coming as a massive surprise - the Government had outlined that they were planning on having a large increase in spending and some tax cuts," he said.
"We have cautioned that we don't think this is a particularly good idea.
"When the economy is performing really well, as it is at the moment, this isn't the time when the economy needs support from the Government through big increases in spending and tax cuts."
Cost-of-living
Mr Conroy said the Government is probably trying to do too much at once.
"The cost-of-living that we have now is likely going to be the cost of living that we're going to have into the future," he said.
"We don't see prices falling dramatically from where they are at the moment.
"Our concern more so would be not over the cost of living package.... but just the fact that they're doing everything all at once.
"You can introduce a cost-of-living package for people - there's no problem with that.
"But if you're trying to do everything all at the same time - cut taxes, increases in current spending and increases in investment - that adds up to a large amount of money your injecting into the economy when it doesn't really need it".
Mr Conroy said he would welcome plans to use money on infrastructure like housing, health and transport.
Finance Minister Jack Chambers says Budget 2025 "reflects a continuation of a sensible and sustainable approach to fiscal policy that has helped to deliver a resilient economy and budget surpluses."
