Minister for Finance Paschal Donohoe speaking at the Department of Finance this afternoon. Image: Leah Farrel/RollingNews.ie Minister for Finance Paschal Donohoe speaking at the Department of Finance this afternoon. Image: Leah Farrel/RollingNews.ie THE STATE’S BUDGET deficit hit €6.1 billion in May, as the ongoing Covid-19 crisis puts pressure on government finances.
Income tax receipts fell €137 million, or 7.8% year on year – a figure that was lower than expected by the Department of Finance. Donohoe said that the figures show “that the expected steep decline in consumption taxes has been offset by a rise in corporation tax and relatively resilient income taxes”.“These figures are a snapshot in time. And given the radically uncertain outlook we face, it is important to emphasise that we cannot, from these figures, extrapolate a reliable future trajectory for the economy, or even the public finances for the rest of the year.
#Open journalism No news is bad news Support The Journal Your contributions will help us continue to deliver the stories that are important to you“It is the case that we do have some issues in relation to that payment that we need to consider,” he said. The National Public Health Emergency Team is due to meet tomorrow and will make a recommendation to government regarding Phase Two of the easing of restrictions thereafter.
wickedfairysad
Austerity needs to start at the top of the political ladder by cutting salaries, expenses, pensions to politicians. Then cutting the billions of funding that goes to NGO's, slashing the 800m foreign aid budget. Thats just for a start.
Just like the pension age if this muppet has his way. Grrrrrrrr this lot are simoky a disgrace. Open up the country try so we can get back in our feet!
Let's just borrow more. The fecking kids will pay it off anyway. Yay! Easy out for us cowardly Irish. We live the easy life. Our children will pay with their freedoms. You're all COWARDS.
Why won't you open the country?! Do you honestly think we believe this is about covid 19 now? You cant form a government so you will hold the country to ransom until you do! You are the height of disgrace! TRAITORS
Thats the country owned by the International Bankers so. The same bankers financing our media barons. And just like that the Irish were peasants again.
The tax payer pays 5.5 billion euro a year into the NGO sector. For NGO's to tell the Irish people how terrible they are and push through government policies End NGO funding
The lockdown's gonna amount to the most expensive treatment the HSE has ever administered!
DEFICIT Real tongue twister for our passsscal
Time reassess those that qualified for 350e covid payment! Millions being handed out willy-nilly!
it's only money who gives a fuck?! It's arbitrary!
All in it together tho
EndTheLockdownNow
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