Government waives court fees and excise duties for vintners for 2021

Pubs, Bars, Nightclubs and Restaurants to benefit by approx. €10m Second consecutive year that waiver has been granted   The  Minister for Finance, Paschal Donohoe, TD, and the Minister for Justice, Heather Humphreys TD, are pleased to announce that Government has approved a waiver of court fees and excise duties for vintners for the second […]

Ministers Donohoe & Fleming welcome publication of Central Bank’s Differential Pricing Review Final Report

Ministers Donohoe and Fleming welcome the Central Bank of Ireland’s Final Report and Public Consultation on Differential Pricing in the Motor and Home Insurance Markets and seek swift action by Insurers The Minister for Finance, Paschal Donohoe TD, and the Minister of State with responsibility for Financial Services, Credit Unions and Insurance, Seán Fleming TD, […]

Minister Donohoe launches Public Consultation on the OECD International Tax Proposals

On 1 July 2021, the OECD Inclusive Framework reached agreement but not unanimous consensus on key aspects of the two-pillar solution to address tax challenges arising from digitalisation and globalisation.   Ireland has been clear in expressing our broad support for the agreement but have expressed our reservation in particular about the proposed global minimum […]

Consumer Credit (Amendment) Bill 2021 will restrict rate charged by moneylenders, modernise the sector and better protect those in need of short-term money lending – Donohoe

The Government has approved the drafting of the Consumer Credit (Amendment) Bill 2021; the main purpose of which is to restrict the total cost of credit on moneylending loans. It does so by introducing a cap on the interest rate a moneylender can charge on a loan, allowing for that rate to be adjusted in […]

Meeting of the Budgetary Oversight Committee, Opening Statement

Chair, Members: let me thank the Committee for the invitation to appear here today to discuss the Summer Economic Statement (SES) which was published late yesterday evening.  I am also happy to discuss the current economic and fiscal situation, and I look forward to hearing the Committee’s views regarding some of the key macro-economic and […]

Minister Donohoe notes final GDP numbers for 2020 which confirm dual economic impact of pandemic

Final numbers show GDP grew by 5.9 per cent in 2020, a 2½ percentage point revision on first estimate. This exceptional growth was led by exports which grew by 9½ per cent reaching almost €500 billion for the year. Level of GDP estimated €373 billion, with debt to GDP ratio of 58.5 per cent in […]

Government publishes the Summer Economic Statement

The Minister for Finance, Paschal Donohoe T.D., and the Minister for Public Expenditure and Reform, Michael McGrath T.D., today (Wednesday) published the Government’s Summer Economic Statement (SES).  This document sets out the Government’s medium-term budgetary strategy and outlines the fiscal parameters within which discussions will take place ahead of Budget 2022.   The SES outlines […]

President Donohoe to meet US Secretary of the Treasury, Janet Yellen in Brussels

President Donohoe chairs Eurogroup meeting to discuss the improving euro area economic situation At today’s (Monday) Eurogroup meeting, chaired by President of the Eurogroup and Minister for Finance, Paschal Donohoe T.D., Euro Area Finance Ministers will discuss economic and financial policies with the US Secretary of the Treasury, Janet Yellen; euro area fiscal policy; and […]

Minister Donohoe announces dates for 4th annual Climate Finance Week Ireland 2021

Investing in a net zero future – CFWI to take place from 11-15th Oct Climate Finance Week Ireland (CFWI), a key action under the Ireland for Finance Strategy is now in its fourth year, and once again is proudly sponsored by AIB. CFWI has, over the years, developed into the landmark sustainable finance event covering […]

Phase 1 of #DominickStreet regeneration to be finished by Christmas

I recently had the opportunity with North Inner City Councillor, Ray McAdam, to see for ourselves the progress being made in the building of 72 new homes as part of Phase 1 of the Dominick StreetRegeneration Project.    This €40m project is advancing well, despite the interruptions caused by the Covid Public Health measures over […]