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#Department of Finance

# department-of-finance - Last month November 2022

Exchequer surplus of €7.3 billion recorded in year to the end of October
# Tax Receipts
# Tax Receipts

Exchequer surplus of €7.3 billion recorded in year to the end of October

Nov 2nd 2022, 6:10 PM 14,063 Views 24 Comments

This compares to a deficit of €7.4 billion in the same period last year.

# department-of-finance - This year 2022

Committee to be told concrete levy will add €1,200 to cost of the 'most common house types'
# Concrete Levy
# Concrete Levy

Committee to be told concrete levy will add €1,200 to cost of the 'most common house types'

Oct 26th 2022, 6:00 AM 8,189 Views 18 Comments

The SCSI will tell the committee that the levy will ‘challenge the viability of construction projects’.

Tax revenues for first nine months of the year just under €58 billion
# Exchequer Returns
# Exchequer Returns

Tax revenues for first nine months of the year just under €58 billion

Oct 4th 2022, 8:30 PM 19,775 Views 28 Comments

This is up €12 billion on the same period last year, according to the Department of Finance.

Public finance surplus of over €4.4 billion projected for this year
# Budget War Chest
# Budget War Chest

Public finance surplus of over €4.4 billion projected for this year

Sep 24th 2022, 10:35 AM 16,123 Views 21 Comments

Ireland’s finances are in rude health, even compared with projections from earlier this year.

Budget 2023: What can we expect in next week's package?
# Budget 2023
# Budget 2023

Budget 2023: What can we expect in next week's package?

Sep 20th 2022, 6:00 AM 87,900 Views 32 Comments

Next week’s budget is set to be split in two, with one-off cost-of-living measures expected to be included.

Ministers who breach 'cooling-off' period before lobbying could soon be fined €25k
# Sanctions
# Sanctions

Ministers who breach 'cooling-off' period before lobbying could soon be fined €25k

Feb 15th 2022, 6:00 AM 11,254 Views 16 Comments

There was controversy over Michael D’Arcy taking up a top job in the Association of Investment Managers.

Ireland reports record €68.4 billion tax take for 2021 - an annual increase of almost 20%
# State Finances
# State Finances

Ireland reports record €68.4 billion tax take for 2021 - an annual increase of almost 20%

Jan 5th 2022, 4:31 PM 26,117 Views 38 Comments

That’s according to exchequer returns for December published by the Department of Finance this afternoon.

# department-of-finance - Last year 2021

Housing minister has had no discussions about cuckoo fund trade shows, says Dept
# Cuckoo Funds
# Cuckoo Funds

Housing minister has had no discussions about cuckoo fund trade shows, says Dept

Nov 10th 2021, 3:27 PM 9,904 Views 15 Comments

The Department of Finance has said the Housing for All plan states that it will engage with institutional investors, including through trade show events.

'No plans to reinstate' transport schemes for disabled people that activists say are 'vital'
# Costly Cut
# Costly Cut

'No plans to reinstate' transport schemes for disabled people that activists say are 'vital'

Aug 7th 2021, 8:01 PM 18,394 Views 16 Comments

The Motorised Transport Grant and Mobility Allowance schemes remain closed after a review was recommended over eight years ago.

Accountability regime for top bankers 'to be in place within 18 months'
# Heads Of Bill
# Heads Of Bill

Accountability regime for top bankers 'to be in place within 18 months'

Jul 27th 2021, 2:51 PM 13,611 Views 38 Comments

The new laws will give the Central Bank more power to tackle individuals for wrongdoing.

# department-of-finance - All time

Incomings and outgoings: Here is a very (very) basic guide to the State's finances
# Budget Day
# Budget Day

Incomings and outgoings: Here is a very (very) basic guide to the State's finances

Oct 13th 2020, 7:00 AM 19,039 Views 3 Comments

How has Covid hit the State coffers so far?

No increase in income tax planned, says finance minister
# Pandemeconomics
# Pandemeconomics

No increase in income tax planned, says finance minister

Sep 3rd 2020, 9:58 PM 25,753 Views 42 Comments

Paschal Donohoe was speaking about what the upcoming Budget might look like.

Government u-turns on exclusion of proprietary directors from wage subsidy scheme
# Finance
# Finance

Government u-turns on exclusion of proprietary directors from wage subsidy scheme

Jul 31st 2020, 7:02 PM 34,403 Views 23 Comments

The Employment Wage Subsidy Scheme initially excluded people who were proprietary directors of a company.

What's in it for me? — Everything you need to know about the government's July stimulus package
# July Stimulus
# July Stimulus

What's in it for me? — Everything you need to know about the government's July stimulus package

Jul 23rd 2020, 8:05 PM 59,215 Views 37 Comments

There were few surprises in today’s announcement.

Covid-19 brought major changes to labour market by end of first quarter, CSO stats show
# Coronavirus
# Coronavirus

Covid-19 brought major changes to labour market by end of first quarter, CSO stats show

May 21st 2020, 4:49 PM 9,620 Views 5 Comments

Employment levels were down to 1.75 million people by the end of April.

Paschal Donohoe to meet with five main banks about coronavirus plans
# Mortgage Payments
# Mortgage Payments

Paschal Donohoe to meet with five main banks about coronavirus plans

Mar 18th 2020, 8:39 AM 20,131 Views 61 Comments

AIB, Bank of Ireland, KBC, Permanent TSB and Ulster Bank will meet Department of Finance officials at 4pm.

Economic disaster, diaries and hand-dryers: Inside the most powerful government department
# Money Money Money
# Money Money Money

Economic disaster, diaries and hand-dryers: Inside the most powerful government department

Jan 5th 2020, 10:00 PM 19,198 Views 12 Comments

From the Cuban Missile Crisis to Roger Casement statues, the Department of Finance is involved in nearly every government decision.

A massive shock to corporation tax could cost Ireland as much as €6bn a year
# Policy And Economy
# Policy And Economy

A massive shock to corporation tax could cost Ireland as much as €6bn a year

Oct 10th 2019, 10:07 AM 492 Views 0 Comments

That’s according to a Department of Finance paper exploring ‘extreme’ but plausible scenarios.

Government admits its hands are tied even as leisure sector warns of insurance 'crisis'
# Leisure Insurance
# Leisure Insurance

Government admits its hands are tied even as leisure sector warns of insurance 'crisis'

Jul 22nd 2019, 3:46 PM 32,105 Views 82 Comments

The leisure and tourism sectors have expressed serious concerns over the withdrawal of a major insurance provider from the market.

Explainer: Why are 10,000 HSE staff striking tomorrow?
# Strike Action
# Strike Action

Explainer: Why are 10,000 HSE staff striking tomorrow?

Jun 19th 2019, 1:53 PM 11,800 Views 7 Comments

And what impact will it have?

Here's how various post-Brexit scenarios could impact the Irish economy
# Deal Or No Deal
# Deal Or No Deal

Here's how various post-Brexit scenarios could impact the Irish economy

Mar 26th 2019, 12:05 AM 30,724 Views 32 Comments

A new ESRI and Department of Finance report has examined what could happen in various scenarios.

Loan scheme for first-time buyers needs another €600m - but government yet to decide on stumping up cash
# Uncertainty
# Uncertainty

Loan scheme for first-time buyers needs another €600m - but government yet to decide on stumping up cash

Updated Mar 24th 2019, 7:00 AM 16,164 Views 26 Comments

The uncertainty over the future of the scheme means prospective buyers face an “anxious wait”, according to Fianna Fáil’s Michael McGrath.

Mortgage interest rates will rise, says research, 'making repayment difficult' for some Irish households
# Department Of Finance
# Department Of Finance

Mortgage interest rates will rise, says research, 'making repayment difficult' for some Irish households

Mar 12th 2019, 6:20 AM 43,519 Views 54 Comments

Irish households are in a better position to withstand “adverse shocks” than it was in 2014.

Government 'repeating past mistakes' and leaving Irish finances exposed, budget watchdog warns
# Irish Fiscal Advisory Council
# Irish Fiscal Advisory Council

Government 'repeating past mistakes' and leaving Irish finances exposed, budget watchdog warns

Nov 28th 2018, 9:03 AM 11,147 Views 43 Comments

The Irish Fiscal Advisory Council has warned that an economic slowdown is inevitable in coming years.

Report on increasing bankers' pay due by end of year after government enlists €140k external consultants
# Korn Ferry
# Korn Ferry

Report on increasing bankers' pay due by end of year after government enlists €140k external consultants

Nov 5th 2018, 6:05 AM 12,345 Views 58 Comments

Minister for Finance Paschal Donohoe has said that State-owned banks are at risk of losing key figures.

New Department of Health headquarters were empty for over a year - costing almost €16m
# Miesian Plaza
# Miesian Plaza

New Department of Health headquarters were empty for over a year - costing almost €16m

Sep 29th 2018, 7:33 PM 25,815 Views 61 Comments

The OPW entered into a lease to accommodate the HQs of the Departments of Children & Youth Affairs and Health, in addition to parts of the Departments of Finance and Public Expenditure & Reform.

Poll: Does the €500,000 salary cap for bankers at State-owned institutions need to be reviewed?
# Your Say
# Your Say

Poll: Does the €500,000 salary cap for bankers at State-owned institutions need to be reviewed?

Sep 27th 2018, 9:53 AM 29,167 Views 84 Comments

It’s worried that staff at Irish banks could be attracted by more lucrative job offers.

Donohoe says bankers' pay cap of €500k is 'worth reviewing' as State-owned banks can't keep staff
# Wage Cap
# Wage Cap

Donohoe says bankers' pay cap of €500k is 'worth reviewing' as State-owned banks can't keep staff

Sep 27th 2018, 6:20 AM 25,910 Views 36 Comments

The finance minister said State-owned banks are finding it difficult to retain staff due to wage competition.

Bank of Ireland reverses decision to stop all-day cash services in over 100 branches
# Cash Is King
# Cash Is King

Bank of Ireland reverses decision to stop all-day cash services in over 100 branches

Sep 1st 2018, 9:45 AM 45,064 Views 50 Comments

Earlier this year, the bank announced that around 100 branches across the country would have cash services for half days only.

European Commission clears way for Ireland's sugar tax to start next week
# Tax
# Tax

European Commission clears way for Ireland's sugar tax to start next week

Apr 24th 2018, 5:53 PM 20,789 Views 76 Comments

The tax on sugar-sweetened drinks was first announced as part of Budget 2017.

We now know who'll be holding onto the Apple billions that are destined for Ireland
# Resting In My Account
# Resting In My Account

We now know who'll be holding onto the Apple billions that are destined for Ireland

Mar 7th 2018, 10:24 AM 69,585 Views 141 Comments

The money will be held in an escrow account subject to an appeal by Ireland.

There could be a 'dedicated' Garda unit to tackle 'increasing' insurance fraud claims
# Report
# Report

There could be a 'dedicated' Garda unit to tackle 'increasing' insurance fraud claims

Jan 25th 2018, 1:18 PM 11,582 Views 32 Comments

A report said that one of the main problems with fraudulent injury claims is that it can be viewed as a “victimless crime”.

Here’s why you may not be benefitting from the government’s big plan to bring down your car insurance
# One Year On
# One Year On

Here’s why you may not be benefitting from the government’s big plan to bring down your car insurance

Jan 20th 2018, 4:00 PM 43,745 Views 57 Comments

While stats show that car insurance is going down as a whole, the cost of premiums skyrocketed 70% from 2013 to 2016.

State takes in nearly €51 billion in record year for tax collection
# Exchequer Returns
# Exchequer Returns

State takes in nearly €51 billion in record year for tax collection

Jan 4th 2018, 11:39 AM 19,231 Views 112 Comments

Including the sale of 29% of its AIB shares the government collected over €58 billion last year.

'Workers are being told "bugger off, you're 65 now". It's not fair'
# Retirement Age
# Retirement Age

'Workers are being told "bugger off, you're 65 now". It's not fair'

Oct 19th 2017, 7:50 PM 20,177 Views 26 Comments

The Independent Alliance want Paschal Donohoe to give workers the option to work until the age of 66 if they choose.

Dept of Finance shuts down Trump's claims that Ireland is dropping its corporation tax rate
# FAKE NEWS
# FAKE NEWS

Dept of Finance shuts down Trump's claims that Ireland is dropping its corporation tax rate

Oct 17th 2017, 2:04 PM 21,827 Views 64 Comments

“There are no proposals to change the corporation tax rate.”

Ireland is looking for someone to hold onto the €15 billion from Apple's tax bill
# Hold Me Tender
# Hold Me Tender

Ireland is looking for someone to hold onto the €15 billion from Apple's tax bill

Jul 25th 2017, 6:01 AM 37,386 Views 48 Comments

The State is appealing the bill but will still need to collect the money first.

Setanta Insurance customers waiting on claim payouts will have to wait some more
# Not Over Yet
# Not Over Yet

Setanta Insurance customers waiting on claim payouts will have to wait some more

May 26th 2017, 6:05 AM 7,707 Views 5 Comments

The Supreme Court yesterday made a significant court ruling about the wound up insurer.

Poll: Should first-time buyers be allowed to use renting history in mortgage applications?
# Your Say
# Your Say

Poll: Should first-time buyers be allowed to use renting history in mortgage applications?

Sep 11th 2016, 9:59 AM 28,769 Views 89 Comments

The Department of Finance thinks it’s a good idea.

The world's biggest meat company is coming to Ireland but it's a 'total joke'
# Money Move
# Money Move

The world's biggest meat company is coming to Ireland but it's a 'total joke'

Aug 11th 2016, 10:36 AM 43,331 Views 121 Comments

The move of the Brazilian multinational’s parent company has been criticised as a “brass-plate operation”.

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