Balancing the books: The Budget 2018 will be revealed today

Leo Varadkar has announced that in his first year as Taoiseach, Ireland will balance its books in the 2018 budget.

There are a number of expected developments for next year's budget, which will be announced this afternoon.

Significant increases in spending on schools, transport and housing are due to be revealed.

There will also be more spent on the public sector, which will mean the possibility of an increase in nurses, Gardaí and teachers.

It has not yet been confirmed, but it is expected that those on social welfare will see an increase in their payments by €5 per week.

It is not known when exactly this increase will come into effect.

It is also expected that a sugar tax will be introduced to curb our consumption of fizzy drinks.

The price of cigarettes is also set to increase.