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Friday 2 June 2023 Dublin: 15°C

# Michael McGrath

# quarterly reports
Irish economy falls 4.6% in the first quarter of 2023, more than estimated by CSO
The decrease is 1.9% more than what the Central Statistics Office estimated earlier this year.
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4 hours ago
Last week
21st May 2023 - 27th May 2023
# budget 2024
McGrath says he won't be 'bullied' by Fine Gael into tax cuts in next Budget
Earlier this week, three Fine Gael junior ministers called for the next budget to contain tax breaks of up to €1,000.
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May 24th 2023, 4:39 PM
Last month
May 2023
# tax changes
Changes to landlord tax treatment in next budget must be 'approached with caution', McGrath says
Taoiseach Leo Varadkar and Housing Minister Darragh O’Brien have both said that changes needed to be examined.
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May 12th 2023, 6:00 AM
# Mica redress
Defective Concrete Block scheme regulations should be ready 'in the next couple of weeks'
Minister Michael McGrath says he will engage further on the role banks and insurance companies should play.
6.9k
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May 11th 2023, 4:26 PM
# Mortgages
McGrath welcomes ruling ordering Pepper Finance to lower mortgage rate for borrower in insolvency
The couple will now pay a rate of 2.5% over the next 25 years.
13.8k
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May 10th 2023, 11:18 PM
# Tax windfall
Ireland may join the likes of Norway and Saudi Arabia as sovereign wealth fund considered
Finance Minister Michael McGrath said that corporation tax receipts are likely to total €12 billion this year.
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May 10th 2023, 3:32 PM
# Cost of Living
Companies should pass on savings as costs fall, Donohoe says
The Public Expenditure Minister said that the Government would be watching out for companies profiteering.
14.2k
0
May 2nd 2023, 7:50 PM
This year
2023
# intervention
Finance Minister 'not ruling out' additional measures to help people deal with cost-of-living
However, Michael McGrath said that it was important to wait until Budget 2024 before implementing any such measures.
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Apr 19th 2023, 10:44 AM
# Inflation
Government has cash at its disposal ahead of Budget 2024 with €16bn surplus for next year
Finance Minister Michael McGrath was reluctant to commit to a giveaway budget this year, stating that inflation is now lower than last year.
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Updated
Apr 18th 2023, 6:00 PM
# windfall
Corporation tax up 71% in the first quarter of 2023 - but half of it is 'unlikely to be permanent'
However, Finance Minister Michael McGrath has said around half of that tax take is unlikely to be permanent.
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Apr 4th 2023, 5:19 PM
# Corporation Tax
15% corporation tax rate for large multinationals to be introduced from next January
Finance Minister Michael McGrath confirmed that he will bring a memo to Cabinet this week to introduce the measure.
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Apr 2nd 2023, 2:53 PM
# Silicon Valley Bank
Irish Financial Stability Group to monitor effects of SVB collapse on Ireland
The bank had a significant number of Irish businesses among its clients but retail banks in Ireland have no exposure to SVB.
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Mar 14th 2023, 8:35 PM
# CSO figures
Domestic economy entered 'technical recession' last year but is still up 8.2%
Despite entering a technical recession, the domestic economy grew by 8.2% using the government’s preferred metric.
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Mar 3rd 2023, 2:49 PM
# Cost of Living
Taoiseach says windfall tax 'well advanced' and will be used to help families and businesses
A number of existing supports are due to expire at the end of the month.
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Updated
Feb 14th 2023, 3:02 PM
# Public Debt
Ireland has one of the highest per capita debt burdens in the world, around €44,250 per citizen
The burden of public debt for each person in Ireland was around €8,000 higher than the euro area average in 2022.
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Feb 3rd 2023, 10:31 AM
# Davos
Taoiseach says some billionaires are all 'fur coat and no knickers'
Varadkar will be in Davos for three days this week.
52.1k
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Updated
Jan 18th 2023, 2:17 PM
# Cost of Living
Rate of inflation drops slightly to 8.2% in the year to December
That’s down from an increase of 8.9% in the 12 months to November 2022.
7.2k
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Jan 17th 2023, 5:03 PM
# sipo's teeth
Long overdue ethics laws to keep politicians in check can't be delayed, say opposition
Minister Michael McGrath says very many of Sipo’s asks will be included in legislation reforms.
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Jan 16th 2023, 5:27 PM
# Inflation
Michael McGrath says that Ireland’s rate of inflation has peaked
‘Inflation has actually peaked and is now on a downward trajectory,’ Minister Michael McGrath said.
9.9k
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Jan 6th 2023, 2:54 PM
Last year
2022
# no phones allowed
Government ministers to be banned from using phones at Cabinet meetings from today
The Minister for Finance confirmed the ban this morning,
11.4k
15
Dec 21st 2022, 10:54 AM
# Landlords
Housing minister: 'I'll be frank, we've got to revisit the tax treatment for small landlords'
In an interview with The Journal, the housing minister said tax measures is one way to keep landlords in the market.
In an interview with The Journal, Housing Minister Darragh O'Brien said the tax treatment of landlords is something the government will discuss further.
Small landlords are continuing to leave the market, said the minister.
Pressure will be put on local authorities to ramp up their delivery of homes next year.
Dublin property price ceilings under First Home Scheme to increase to €475,000
Government criticised over €700 million capital underspend in housing budget
44.8k
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Dec 21st 2022, 12:05 AM
# Executive Decisions
Cabinet approves international surrogacy policy proposals with aim of giving 100s of families a 'route to recognition'
A busy Cabinet session also saw Housing Minister Darragh O’Brien bring draft laws to overhaul Ireland’s planning system.
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Updated
Dec 13th 2022, 3:34 PM
# Leaders' Questions
Government criticised over €700 million capital underspend in housing budget
The Dáil heard that local authorities currently have 2,000 homes under construction on various sites.
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Dec 6th 2022, 4:33 PM
# Eurogroup
McGrath 'strongly supports' Donohoe's bid for second term as Eurogroup President
Paschal Donohoe was nominated by the Government for a second term earlier this month.
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Nov 15th 2022, 6:35 PM
# Paschal Donohoe
Eurozone finance ministers to vote for new Eurogroup President next month
Paschal Donohoe is currently seeking a second term as President of the Eurogroup.
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Nov 7th 2022, 8:10 PM
# Eurogroup
Government to nominate Paschal Donohoe for second term as President of the Eurogroup
The proposal would see Michael McGrath represent Ireland at the Eurogroup as Finance Minister.
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Nov 4th 2022, 7:19 PM
# Interest Rates
Expected interest rate hike may help 'contain' house prices, says Varadkar
The ECB’s 25-member governing council is likely to lift its key interest rates by 75 points for the second consecutive time.
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Oct 27th 2022, 9:44 AM
# energy costs
‘No reason’ why anyone in financial hardship should lose power this winter, McGrath says
Minister Michael McGrath told the Dáil ‘sufficient supports’ are in place to protect people.
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Oct 12th 2022, 7:42 PM
# budget 2023
Ministers announce payment dates for social protection supports introduced in Budget
A double social welfare payment will be paid next week while a double Child Benefit payment will be paid at the start of next month.
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Updated
Oct 11th 2022, 11:00 AM
# Cost of Living
'Our citizens need help': Everything you need to know about Budget 2023
The Government has confirmed a range of measures including tax band changes, electricity credits and social welfare increases.
133k
141
Updated
Sep 27th 2022, 6:32 PM
# budget 2023
Childcare: Reduction of up to 25% announced in costs under National Childcare Scheme
It will cost €121 million and save families up to €175 a month.
14.6k
2
Updated
Sep 27th 2022, 3:27 PM
# Cabinet Reshuffle
Donohoe refuses to be drawn on Eurogroup issue but his party leader hopes he can keep the role
Public Expenditure Minister Michael McGrath is expected to take over the finance ministry in December.
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Sep 14th 2022, 4:16 PM
# rotating jobs
Taoiseach expects Michael McGrath to take up finance minister job following reshuffle
Parity of esteem between parties is central to the cohesion in Government, says Taoiseach.
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Updated
Sep 13th 2022, 2:30 PM
# inflation crisis
'Situation has deteriorated': Protecting businesses and jobs top priority, says McGrath
Tánaiste Leo Varadkar met 40 business representatives for a pre-budget meeting yesterday.
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Sep 13th 2022, 6:10 AM
# december reshuffle
Will FF and FG rotate the finance ministry? Coalition partners to discuss matter amid tensions
Although not part of the published rotation deal, it is understood that Fianna Fáil expects the finance ministry to rotate to them.
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Sep 9th 2022, 4:06 PM
# pay talks
Public sector pay talks resume as 1% improvement in govt offer floated
Previous talks in June ended without an agreement between ICTU and the Government.
34.7k
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Updated
Aug 29th 2022, 1:13 PM
# Metrolink
Eamon Ryan: 'Utmost commitment' to deliver MetroLink following 8,000 submissions from public
Construction on the project is forecasted to begin in 2025, with it set to be completed in the early 2030s.
19.6k
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Jul 5th 2022, 2:07 PM
# cost of living crisis
Budget aims to help 'most vulnerable' and the 'squeezed middle', says McGrath
Cabinet could decide next week to bring the Budget forward to the end of September.
20.8k
35
Updated
Jul 1st 2022, 4:20 PM
# Commission on Defence
Row between two government departments over cost of ramping up Ireland's Defence spending
Simon Coveney was due to deliver an action plan on defence to Cabinet in June.
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Jul 1st 2022, 12:05 AM
# budget 2023
Government teases new tax bracket for middle-income earners
Fine Gael Ministers have shown support for a proposed 30% tax band.
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Jun 29th 2022, 1:38 PM
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