# Department of Finance

Last week

28th May 2023 - 3rd June 2023

# PTSB

Irish State sells off 5% of shares in PTSB raising €55.2 million

The Irish State bailed out the bank after the crash in 2008.

8.6k

Jun 2nd 2023, 11:03 AM

This year

2023

# Solar Panels

Government approves zero VAT rate for the supply and installation of solar panels

The abolishment of the VAT rate will bring the average price of solar panel installation down by €1000, according to Government estimates.

18.4k

Apr 5th 2023, 1:56 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.

11.6k

Apr 4th 2023, 5:19 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.

5.6k

Mar 14th 2023, 8:35 PM

# svb

Department of Finance ‘monitoring developments’ of collapsed Silicon Valley Bank

The Department said there is ‘limited direct impact on the Irish financial system’.

7.9k

Mar 13th 2023, 9:55 AM

# 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.

10.2k

Mar 3rd 2023, 2:49 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.

25.2k

Feb 3rd 2023, 10:31 AM

Last year

2022

# Oops

'Serious concern' as Central Bank issues €738m to government in excess of funds available

The incident occurred following spending oversight from the Department of Finance and the Central Bank.

34.5k

Dec 21st 2022, 1:08 PM

# tax receipts

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

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

14.1k

Nov 2nd 2022, 6:10 PM

# concrete levy

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

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

8.2k

Oct 26th 2022, 6:00 AM

# Exchequer Returns

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

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

19.8k

Oct 4th 2022, 8:30 PM

# budget war chest

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

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

16.1k

Sep 24th 2022, 10:35 AM

# budget 2023

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

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

88.0k

Sep 20th 2022, 6:00 AM

# Sanctions

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

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

11.3k

Feb 15th 2022, 6:00 AM

# State Finances

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

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

26.2k

Jan 5th 2022, 4:31 PM

All time

# cuckoo funds

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

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

9.9k

Nov 10th 2021, 3:27 PM

# costly cut

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

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

18.5k

Aug 7th 2021, 8:01 PM

# heads of bill

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

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

13.6k

Jul 27th 2021, 2:51 PM

# Budget Day

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

How has Covid hit the State coffers so far?

19.0k

Oct 13th 2020, 7:00 AM

# Pandemeconomics

No increase in income tax planned, says finance minister

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

25.8k

Sep 3rd 2020, 9:58 PM

# Finance

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

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

34.4k

Jul 31st 2020, 7:02 PM

# july stimulus

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

There were few surprises in today’s announcement.

59.2k

Jul 23rd 2020, 8:05 PM

# Coronavirus

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

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

9.6k

May 21st 2020, 4:49 PM

# mortgage payments

Paschal Donohoe to meet with five main banks about coronavirus plans

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

20.1k

Mar 18th 2020, 8:39 AM

# Money Money Money

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

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

19.2k

Jan 5th 2020, 10:00 PM

# policy and economy

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

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

493

Oct 10th 2019, 10:07 AM

# Leisure Insurance

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

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

32.1k

Jul 22nd 2019, 3:46 PM

# strike action

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

And what impact will it have?

11.8k

Jun 19th 2019, 1:53 PM

# Deal or no deal

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

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

30.7k

Mar 26th 2019, 12:05 AM

# uncertainty

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

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

16.2k

Updated

Mar 24th 2019, 7:00 AM

# Department of Finance

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

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

43.5k

Mar 12th 2019, 6:20 AM

# Irish Fiscal Advisory Council

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

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

11.2k

Nov 28th 2018, 9:03 AM

# korn ferry

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

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

12.4k

Nov 5th 2018, 6:05 AM

# Miesian Plaza

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

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.

25.9k

Sep 29th 2018, 7:33 PM

# Your Say

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

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

29.2k

Sep 27th 2018, 9:53 AM

# Wage cap

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

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

25.9k

Sep 27th 2018, 6:20 AM

# cash is king

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

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

45.1k

Sep 1st 2018, 9:45 AM

# Tax

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

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

20.8k

Apr 24th 2018, 5:53 PM

# resting in my account

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

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

69.6k

141

Mar 7th 2018, 10:24 AM

# Report

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

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

11.6k

Jan 25th 2018, 1:18 PM