Among major alterations for the coming year are an increase in the number of income tax brackets, higher pensions and a return to automatic promotions in the civil service.

The changes to income tax are expected to positively affect the finances of 1.6 million families, while 400,000 civil servants are set for promotion and resulting wage increases in 2018.

MPs will have until the 17th of November to present changes to the budget proposal before voting takes place on the 27th of November.