Govt’s economic assessment on track as taxes impacted by Covid-19 & spending up to support people’s livelihoods – Donohoe & McGrath

Robust Corporation Tax receipts offset steep decline in VAT and Excise in first 6 months Today’s Exchequer returns show that tax revenues to end-June were up 0.7 per cent, or nearly €200 million on end-June last year, owing to increased corporation tax receipts of over €1.7 billion. Cumulative income tax receipts to end-June are flat […]

Minister Donohoe welcomes NAMA completion of payment of €2bn to Exchequer

NAMA reports 2019 profit of €265m Projected €4bn lifetime surplus unchanged but remains subject to market conditions; further payments to Exchequer will follow in 2021 and 2022  Continued strong progress in residential delivery; 17,380 new homes have been delivered, of which 11,860 were NAMA-funded; another 2,250 under construction or approved for funding; a further 6,200 […]

Minister Donohoe submits letter of nomination for role of next President of the Eurogroup

The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe T.D., has today (Thursday) submitted his letter of nomination for the role of President of the Eurogroup. The Eurogroup is the body through which Finance Ministers of the 19 Euro area Member States take decisions on policy issues relating to management of the Euro […]

Minister Donohoe makes changes to the Temporary Wage Subsidy Scheme to accommodate apprentices on off-the-job training

The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD, has today (Tuesday) confirmed that a change to the Temporary Wage Subsidy Scheme (TWSS) will be made to accommodate the salaries of those apprentices who were engaged in a period of block release training in February of this year. Many apprentices, while maintaining […]

Minister Donohoe Welcomes Research on Building Innovation in Construction Industry

Minister for Finance and Public Expenditure and Reform, Paschal Donohoe has welcomed a new report giving an overview of trends in the Irish construction sector, including the initial impacts of Covid-19 on the industry. The report follows the recent publication of an economic analysis of productivity in the Irish construction sector. Few sectors of the […]

Minister Donohoe welcomes expansion of sustainable investments by Euronext

The Minister for Finance and Public Expenditure & Reform, Paschal Donohoe TD, has today (Wednesday) welcomed the announcement by Euronext, the owners of the Irish Stock Exchange, launching a suite of Environmental, Social and Governance (ESG) products and services to allow European Capital Markets to fuel sustainable growth. Euronext Dublin serves as the Euronext Group […]

Speech to Brookings Institution Webinar on Rebuilding the trans-Atlantic relationship after COVID-19: Europe’s response to COVID-19: A view from Ireland

I would like to thank Brookings for the important work you are doing, and to Tom for the kind welcome and introduction. The work of Brookings is indispensable in forging new thinking for a changed world, and I am particularly proud to see Tom playing such a leading role in their work. With the challenges […]

Minister Donohoe welcomes the publication of new moneylending regulations by the Central Bank of Ireland

The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD, has welcomed the publication of new moneylending regulations by the Central Bank of Ireland. In March 2018, the Central Bank of Ireland published a Consultation Paper proposing a number of additional consumer protection measures for the moneylending sector. Following the completion of this […]

Minister Donohoe undertakes ‘virtual visit’ to Washington D.C. to further strengthen relationships

The Minister for Finance and Public Expenditure & Reform, Paschal Donohoe TD, this week undertook a virtual programme of engagements with key US contacts in Washington D.C. This ‘virtual visit’ is an opportunity to maintain relationships and engage with key contacts in the US administration, on Capitol Hill, and with the Irish-US business community, in […]

Minister Donohoe announces extension of Temporary Wage Subsidy Scheme until end August

The Temporary Wage Subsidy Scheme (TWSS) was introduced on 26th March to support the viability of firms and preserve the relationship between the employer and employee, insofar as is possible, by subsidising a portion of the employer wage bill in circumstances where the employer’s business has been negatively impacted by the restrictions that have had […]