Paschal Donohoe business Coronavirus Paschal Donohoe

Donohoe says Covid-19 funding measures can't go on indefinitely

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The Minister for Finance has said the State can afford to continue to fund the measures put in place by the Government to deal with the fallout from the Covid-19 pandemic.

But speaking on a PwC webinar this morning, Paschal Donohoe said the country could not afford them indefinitely.  "There will come a point that as we are hopefully making progress and normalising where we are from a public health point of view, that I, this Government and the next Government will have to do the same with our public finances," he said.

He said the country can afford the change in the debt profile that will take place, because the state has regained its credit worthiness over the last decade and because of the decisions made by the European Central Bank. 

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