Minister Donohoe welcomes Commission’s positive assessment of revised National Recovery and Resilience Plan & endorsement of Ireland’s first payment request of €324 million

 Minister for Public Expenditure, NDP Delivery and Reform, Paschal Donohoe TD, has today (Tuesday) welcomed the EU Commission’s positive assessment of Ireland’s modified National Recovery and Resilience Plan (NRRP) with the result that Ireland is to receive €324m under the Recovery and Resilience Facility.  The Commission has also approved Ireland’s €240m REPowerEU Programme. The modified […]

Minister Donohoe welcomes Ministers Archibald MLA and Cameron MLA to Dublin for North South Ministerial Council meeting 

Meeting signals first SEUPB meeting since October 2020 Minister for Public Expenditure, NDP Delivery and Reform Paschal Donohoe TD today hosted the Special EU Programmes Sectoral Meeting of the North South Ministerial Council (NSMC) in Dublin, attended by the Northern Ireland Minister for Finance, Dr Caoimhe Archibald MLA and Junior Minister at the Executive Office, Pam Cameron MLA. Today’s meeting was the […]

Speech to the Eolas Public Service Conference 2024

Good morning everyone.   It is my pleasure to be here with you this morning to play a part in this year’s Public Services Conferenceorganised by Eolas. It is very motivating to see somany Public Servants and experts from home and abroad gather together to reflect on developments in the sector.   Today’s event comes […]

Minister Donohoe announces update on National Development Plan delivery and capital expenditure for first quarter of 2024

The Minister for Public Expenditure NDP Delivery and Reform, Paschal Donohoe T.D., today announced an update on National Development Plan (NDP) delivery and capital expenditure for Q1 2024.  As part of a package of reforms to boost NDP delivery announced in 2023, the Minister committed to keeping the Government informed on NDP delivery throughout 2023 […]

ADDRESS TO THE YOUNG ECONOMIST OF THE YEAR CEREMONY UNIVERSITY OF LIMERICK

The memory of the exchange with the young student is always clear to me.   It occurred when I was speaking to politics and economics students in my old secondary school of St Declan’s CBS. I was explaining decisions made in the recent budget.   A young student, seated in the front row, put up […]

Tax revenues solid in April, increased expenditure signals Govt’s continued investment in public services – – Ministers McGrath & Donohoe

Today’s Exchequer figures show that tax revenues to end-April were ahead of last year by €0.6 billion or 2.6 per cent. Income tax receipts in the period of €11.2 billion are ahead of 2023 by €0.7 billion or 7.1 per cent;  VAT receipts of €7.4 billion are €0.4 billion or 6.3 per cent up on […]

Minister Donohoe launches updated Project Ireland 2040 Progress Tracker

The Minister for Public Expenditure NDP Delivery and Reform, Paschal Donohoe T.D., has today (Wednesday) launched an updated Investment Projects and Programmes Tracker and updated the MyProjectIreland interactive map.   Project Ireland 2040 incorporates a transparent long-term strategy for public capital projects out to 2040. The 10-year period out to 2030 is backed by funding of […]

Ministers Donohoe & McGrath publish Stability Programme Update 2024

Modified Domestic Demand (MDD) is projected to grow by 1.9 per cent this year, and by 2.3 per cent in 2025. Declines in global energy prices mean that the disinflation process is now well advanced, with headline inflation of 2.1 per cent now projected for this year. The unemployment rate is expected to average just […]

Solid underlying tax performance in Q1; Need for Departments to remain within spending profile – Ministers Donohoe & Donohoe

An Exchequer surplus of €0.3 billion was recorded in the first three months of the year; This was an improvement of c. €2.3 billion on last year, but this is largely due to the transfer of €4 billion to the National Reserve Fund in the first quarter of last year; Tax revenues in the first quarter […]

Minister Donohoe announces additional funding of €2.25 billion for public capital projects out to 2026

The Government today (Wednesday), agreed revised capital allocations totalling €2.25 billion out to 2026. The National Development Plan (NDP) 2021-30 published in October 2021 set out €165 billion of funding to support capital projects across the country. As set out in the Summer Economic Statement (SES) 2023, an additional €2.25 billion was made available to […]