Paschal Donohoe Coronavirus Ireland business News Paschal Donohoe Coronavirus Ireland

Budget 2021 will focus on crisis management - Donohoe

The Minister for Finance has confirmed that the Government does not plan to make any changes to income tax, USC or PRSI in October's budget.

Paschal Donohoe said it is the view of the Government that it needs to hold the personal tax code steady and use it to respond back to the challenges facing the economy.  "There may well be decisions that we need to make in the future in relation to social insurance in Ireland," he told journalists during an online press conference today.  "But if I look at where we are moving into 2021 there is a heightened air of economic uncertainty and this Government wants to give confidence to those who are earning income or who have a high level of deposits within our economy for this year and for next year,"

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