The Minister for Finance is sticking to his guns in his pledge to keep the tax rates level, despite the massive hit to the Exchequer from Covid.
Mr Donohoe was speaking to journalists in an online press conference where he provided an update on the budget planning process.He said: “There is a heightened air of economic uncertainty and this Government wants to give confidence to those who are earning income.” However, he added that he can’t rule hikes out down the line: “There may well be decisions that we need to make in the future in relation to social insurance in Ireland.
“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. “After Budget 2021, future budgets that we make will be guided by the commitments we have in these areas in the Programme for Government.”