9.3 C
Thursday, February 25, 2021

Government will need to look at ways to generate extra revenue in wake of Covid-19 – McGrath

The Minister for Public Expenditure has said it is “inevitable” the Government will have to examine ways to raise extra revenues to fund expanded State services in the wake of Covid-19.

While saying there is no current plan to raise taxes, Michael McGrath said said, “We have to keep our options open. We’re certainly not saying that there won’t be revenue-raising measures in the Government’s lifetime, because I think it is inevitable that there will be some.”

“I think we will inevitably have a larger State coming out of the pandemic,” McGrath continued.

He said a longer term plan for the public finances would be outlined in the Stability Programme Update next April.


COVID-19: 613 new confirmed cases in Ireland

Health officials have confirmed a further 613 cases of Covid-19 in Ireland. Thirty-five further people diagnosed with the virus...

Healthcare staff will not be offered Covid-19 vaccine choice according to HSE

The HSE has stated that healthcare staff will not be given a choice as to what vaccination they will be administered

Denis O’Brien’s Communicorp Group agrees sale to Bauer Media Audio

European firm Bauer Media Audio has agreed to buy Denis O'Brien's Communicorp Group in a deal believed to be in excess of...

Australia passes law to make Google and Facebook pay to news companies

Australia's law forcing Google and Facebook to pay for news is ready to take effect, though the laws’ architect says it will...
clear sky
9.3 ° C
9.4 °
8.9 °
75 %
0 %
7 °
11 °
12 °
10 °
8 °