Statement Eurogroup President Donohoe following Eurogroup meeting

Good evening everyone, and a very happy and a healthy new year to all of you. One of my hopes for 2021 is to be able to meet Eurogroup colleagues around the table again and to do that in person. And then, of course, to be able to meet all of you in a physical […]

Eurogroup President Donohoe to discuss the EU Recovery & Resilience Facility and future EU – US monetary and financial relations

As the vaccine roll out gathers pace around Europe, Euro Finance Ministers are working to roll out the unprecedented EU economic package agreed last year. At the upcoming Eurogroup meeting this Monday, which will be Chaired by President of the Eurogroup, Minister Paschal Donohoe TD, Euro Finance Ministers will discuss their practical preparations to access […]

Minister Donohoe publishes an Update to Ireland’s 2018 Corporation Tax Roadmap 

The Update takes stock of the changing international tax environment, outlines the significant actions Ireland has taken to date and the further actions that will be taken over the coming years.   The Update outlines further actions that Ireland will be taking as part of international tax reform efforts, including commitments to:   Implement Interest […]

Donohoe welcomes Commission’s proposal on Brexit Adjustment Reserve allocations

The Minister for Finance, Paschal Donohoe T.D., today (Wednesday) welcomed the European Commission’s proposal on the Brexit Adjustment Reserve, which aims to provide financial support to the Member States and sectors most adversely affected by the UK’s withdrawal from the EU.   The Commission shared the initial allocations to Member States from the Brexit Adjustment […]

Minister Donohoe encourages businesses to avail of supports as further restrictions take effect

The Minister for Finance, Paschal Donohoe TD, has today (Friday) encouraged businesses to avail of the range of support schemes in place to reduce the impact of new public health restrictions on their business. Revenue continue to play a significant role in the delivery of critical Government supports to affected businesses that help to protect […]

Government extends subsidy rates for the Employment Wage Subsidy Scheme until March 31st

The Minister for Finance, Paschal Donohoe, T.D., has today (Wednesday) announced that the current rates of subsidy provided by the Employment Wage Subsidy Scheme (EWSS) will remain in place until 31 March 2021, aligned with the extension of the rates of the Pandemic Unemployment Payment (PUP). Both measures were agreed at Government today.   The […]

End-year Exchequer returns remarks

Good afternoon everyone.   The Exchequer returns, which we are publishing today, provide a stark picture of the impact of the Covid-19 pandemic on our public finances.   From a surplus of just under €2 billion in 2019, we now expect a deficit of €19 billion in 2020.   The €21 billion deterioration reflects Government […]

Deficit of €19 billion expected in 2020: Taxes down €2.1 billion & expenditure up €17.9 billion on 2019 – Donohoe & McGrath

Today’s Exchequer figures show that tax revenues in 2020 were down €2.1 billion, or 3.6 per cent on 2019; Income tax receipts were down €224 million, or 1 per cent on 2019, a smaller than expected fall due to strong PAYE and self-employed returns; VAT receipts finished the year €2.7 billion, or 18 per cent less than 2019, as public health restrictions impacted consumer spending; Similarly, excise returns were down €500 million, or […]

Minister Donohoe launches Dublin’s North East Inner City (NEIC) 2020 Progress Report

4th Progress Report shows continued improvements and commitment of all involved The Minister for Finance and local Dublin Central TD, Paschal Donohoe, today (Tuesday), along with the Chair of the NEIC Programme Implementation Board, Michael Stone, launched the fourth Dublin North East Inner City Progress Report at The Lab Gallery on Foley St.   Minister […]

Remarks by Paschal Donohoe following the Eurogroup video conference of 16 December 2020

Good afternoon, everybody. We had a very productive and efficient Eurogroup meeting today. We also had the pleasure of welcoming a new finance minister to our group – the new finance minister of Lithuania, Ms Gintarė Skaistė. Our meeting today was an additional meeting just before the Christmas break, to take stock of our economic […]