Opening Statement to the Budgetary Oversight Committee

Chairman, At the outset, I wish to thank the Committee for the invitation to appear here today as part of your ex-post scrutiny of Budget 2020 and I look forward to a fruitful and positive exchange.  Budget 2020 I would like to begin by setting out the Government’s main priority which is to deal with […]

Minister Donohoe commences establishment of Rainy Day Fund

Fund further enhances resilience of the Irish economy and strengthens public finances The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe. T.D., has today (Thursday) commenced the National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019.  This commencement establishes the National Surplus (Exceptional Contingencies) Reserve Fund, which is more commonly known as the […]

Speech to Kobn Conference on the proposed Senior Executive Accountability Regime (SEAR) in the Central Bank (Amendment) Bill 2019

Good morning, ladies and gentlemen. I am delighted to be here with you, and I am grateful to the organisers of today’s conference for the opportunity to speak to you about the Government’s plans for the future of financial regulation in this country.   Brexit However, given today’s conference, of course, falls on the day when […]

Minister Donohoe announces 18 successful Public Service projects to be supported under new €500k innovation fund

Minister O’Donovan welcomes first Public-Service wide Innovation Week The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD today (24 October 2019) announced 18 successful projects supported by funding of over €500,000 under the new Public Service Innovation Fund. The Innovation Fund is an initiative under the Our Public Service framework – the […]

Speech to Grant Thornton European Tax Conference

Good evening everybody, I am delighted to be able join you this evening. I would like to thank Grant Thornton Ireland for inviting me to address this European Tax Conference. I would also like to extend a warm welcome to Ireland to the many overseas visitors that have travelled to attend this event. Occasions such […]

Researcher appointed to write the second history volume of the Department of Finance

The Irish Research Council and the Department of Finance announced today (Thursday) the appointment of Dr Ciarán Casey, to write the second volume of the history of the Department of Finance. Following a competitive application process administered by the Irish Research Council, Dr Casey of University College Dublin, was selected to chart the work of […]

SECOND STAGE FINANCE BILL 2019

A Cheann Comhairle, I move that this Bill be read a second time.    Two weeks ago I made my Budget statement in this House. I outlined how, after a long and difficult journey, balance was finally restored to the public finances last year. Despite many challenges, our economic growth is broadly based. Public capital investment […]

Minister Donohoe announces Government approval to draft legislation to regulate PCP and other credit type agreements

The Minister for Finance and Public Expenditure & Reform, Paschal Donohoe TD, today (Wednesday) announced Government approval to draft legislation to provide that all firms which offer personal contract plan (PCP), hire purchase and other similar credit type agreements to consumers will be required to be authorised by the Central Bank of Ireland as retail […]

Minister Donohoe welcomes payment of €5 million to charities under the Charities VAT Compensation Scheme

The Minister for Finance and Public Expenditure & Reform, Paschal Donohoe TD today (Tuesday) welcomed that, in line with his Budget 2018 commitment, five million euro will be distributed to charitable organisations in respect of a proportion of the VAT incurred by them in the procurement of goods and services associated with their activities. In […]

Government moves to modernise public financial reporting and accounting

Adopting international recommendations will underpin confidence in Ireland’s public finances and unlock value from state assets, says Minister Donohoe The Government has recently [15th October] agreed to an ambitious series of reforms to Ireland’s public financial standards, based on recommendations from an OECD Report. These reforms will move Ireland to the forefront of international best […]