Minister Donohoe launches the North East Inner City Annual Progress Report & Strategic Plan 2020-2022

NEIC initiative, which is making a real difference to people’s lives, sets out plans for future development and growth The Minister for Finance and Public Expenditure & Reform, and Dublin Central TD, Paschal Donohoe, this morning (Wednesday) joined the North East Inner City (NEIC) Programme Implementation Board Chair, Michael Stone, for the launch of the […]

Ireland bolsters its commitment to the poorest countries – Donohoe

The Government has committed almost €102 million to the International Development Association (IDA), the World Bank’s fund for the poorest countries at an international pledging conference in Stockholm. This represents an increase of more than 10 per cent on Ireland’s contribution to the last replenishment round in 2016. The successful replenishment of IDA, totalling $82 […]

Minister Donohoe welcomes Q3 GDP numbers confirming continued momentum in the economy despite external uncertainties

In the third quarter of 2019, real GDP rose by 1.7 per cent relative to the previous quarter, and was 5 per cent higher than the same period a year earlier. GDP up 5.9 per cent over first three quarters of the year. Personal consumption grew at a solid rate of 3.3 per cent year-on-year, consistent […]

Minister Donohoe publishes “The Public Spending Code: A Guide to Evaluating, Planning and Managing Public Investment”

Minister for Finance and Public Expenditure & Reform Paschal Donohoe has today published the updated Public Spending Code: A Guide to Evaluating, Planning and Managing Public Investment. The Public Spending Code (PSC), published in 2013, is the set of roles, procedures and guidance to ensure Value for Money in public expenditure across the Irish Public Service […]

Excess corporation tax receipts will be used to increase end-of year surplus, better positioning Ireland for risks ahead

Taxation receipts increased considerably in November, primarily due to a very strong corporation tax performance; Total tax receipts in 2019 to end-November were €54.9 billion, up 6.7% year-on-year and driven by strong growth across all major tax heads; Gross voted expenditure is up 6.6% year-on-year and slightly behind of profile by 1.4%. November is the […]

Global Economic Developments– Implications for Budgetary Policy in Ireland -Speech to the IIEA

Introduction Good afternoon and let me begin by thanking the Institute for the invitation to speak here today. The financial crisis of a decade ago – sometimes called the ‘Great Financial Crisis’ – has fundamentally changed the political and economic landscape and, indeed, society more generally in many advanced countries.  The forces at work are, […]

Minister Donohoe outlines medium-term strategy to reduce exposure to corporation tax receipts

The Minister for Finance and for Public Expenditure and Reform, Paschal Donohoe T.D., today (Tuesday) highlighted the need to run budgetary surpluses over the medium term in order to address the vulnerabilities associated with the rising share of corporation tax receipts. Speaking at the Institute of International and European Affairs (speech to follow), Minister Donohoe […]

Minister Donohoe & NTMA welcome S&P upgrade of Ireland’s Sovereign Credit Rating

The National Treasury Management Agency (NTMA) welcomes today’s upgrade of Ireland’s long-term sovereign credit rating by Standard & Poor’s to AA- (from A+) with a stable outlook. This is Ireland’s first long-term rating upgrade from S&P since June 2015 and returns Ireland to the AA rating category (which comprises AA+, AA and AA-) for the […]

Speech to Enterprise Ireland Annual Financial Services Dinner, London

Ambassador, Dame Colette, distinguished guests, friends, old and new. I am delighted to be in London and to be with you here at our Embassy this evening. I am a regular visitor to this city and to this country, and it is good to be back. Tonight marks the 14th year of this annual financial […]

Minister Donohoe travels to London to promote Ireland as location for Financial Services

The Minister for Finance and Public Expenditure & Reform, Paschal Donohoe TD, will travel today (Thursday) to London to speak at the Enterprise Ireland Financial Services Dinner, hosted by the Embassy of Ireland. Following on from his successful visit to Berlin and Frankfurt this week, Minister Donohoe will emphasise the breadth and depth of relations […]