Minister Donohoe publishes Finance Bill 2020 underpinning measures to support economy and society in Budget 2021

The Minister for Finance, Paschal Donohoe TD, is today (Thursday) publishing the Finance Bill 2020 following Cabinet approval earlier this week (Tuesday) at the Government meeting.   Finance Bill 2020 runs to 74 sections and over 100 pages. The Bill underpins the Government’s support for the economy in the face of Covid-19 pandemic and the […]

Government Invites Views on Ireland’s Medium-Term Economic Plan

The Government is today (Wednesday the 21st of October) inviting representatives from employer groups, unions, environment groups and non-governmental bodies to give their views on how Ireland’s economy can recover and prosper post-Covid and the Brexit transition.   The National Economic Plan will set the priorities and objectives for Ireland’s medium-term economic recovery. Budget 2021 […]

Statement following meeting between Minister Donohoe and Ulster Bank

This morning (Wednesday) the Minister for Finance, Paschal Donohoe TD, had a virtual meeting with the Chair of the Board of Ulster Bank, Ruairí O’Flynn; the Bank’s CEO, Jane Howard; and the CFO, Paul Stanley.   Minister Donohoe expressed concern about the ongoing speculation about the Bank’s future here in Ireland. He emphasised the importance […]

Govt outlines changes to Covid Support Schemes to further support economy and society

 Fourth Rate of PUP now payable to people who earned €400 or more per week New applicants urged to apply online at Cabinet approves revisions to rates paid under Employment Wage Subsidy Scheme (EWSS) to encourage retention of staff by employers Changes to Covid Restrictions Support Scheme to capture greater range of businesses   […]

Budget Day Speech 2021

A Cheann Comhairle,   When I presented Budget 2020 we confronted the main challenge then facing our country – a hard Brexit. This year, while we continue to prepare for Brexit, we are now responding to the worst global pandemic in a century.    We live in an era of great uncertainty and increasing risk. […]

Budget 2021: White Paper Opening remarks by Minister for Finance, Paschal Donohoe T.D.

Good afternoon to all and thank you for coming here today. As you know, next Tuesday and Minister McGrath and I will present Budget 2021 to Dáil Éireann.    As we have previously communicated, the Budget will focus on providing continued support to the economy to address the immediate challenges of the Covid-19 pandemic and […]

Minister Donohoe announces Credit Union Sector Levy Regulations 2020

Resolution and Stabilisation levies adjusted following detailed consideration   The Minister for Finance, Paschal Donohoe TD today (Friday (9th, October) announced that the Credit Institution Resolution Levy for 2021 will be reduced to 0.0259% of assets (approximately €5 million) and the Credit Union Stabilisation Levy for 2021 will be reduced to 0.0015544% of assets (approximately […]

Minister Donohoe unanimously elected Chair of the Board of Governors of the EBRD

Minister for Finance Paschal Donohoe TD has been unanimously elected Chair of the Board of Governors of the EBRD (European Bank for Reconstruction and Development) for 2020-21 by fellow Finance Ministers from the Bank’s sixty-eight member countries.    Minister Donohoe is the third Irish person to hold this role since the EBRD was established in […]

Minister Donohoe welcomes revised Employment Wage Subsidy Scheme payment dates

Updated system will ensure businesses receive support as soon as possible The Minister for Finance, Paschal Donohoe, TD, has today (Tuesday) welcomed the statement by Revenue confirming that the monthly date for payments to employers under the Employment Wage Subsidy Scheme (EWSS) has been brought forward. Noting that the updated system will ensure payments are […]

Minister Donohoe receives Cabinet approval for drawdown of Rainy Day Fund for Budget 2021

In response to the effects of the COVID-19 pandemic the Minister for Finance. Paschal Donohoe. T.D., has announced that the Government, at its meeting today (Tuesday) approved the drawing down of the €1.5 billion of the National Surplus (Exceptional Contingencies) Reserve Fund, also known as the Rainy Day Fund (RDF).   In announcing the Government’s […]