Ireland’s share of EU recovery fund to be cut by €352 million

New documents show the country’s allocation of €420m for 2023 has been cut down to just €68m

21st March, 2021
Ireland’s share of EU recovery fund to be cut by €352 million
Paschal Donohoe was informed, the department said the cut was due to the “Commission’s latest economic forecast which indicates that our economy will not contract as much as expected in the period 2021-22

The European Commission is planning to slash Ireland's share of the EU‘s Covid-19 recovery fund by around €350 million on the back of better than expected GDP figures, the Business Post has learned.

Under the EU’s pandemic recovery plan, a €750 billion fund has been put together to help stimulate member states’ economies over the next three years. Ireland is due to get its first instalment of €853 million in grants for the...

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