Department of Finance | Business Post

Budget to include 6.5% spending increase to tackle cost of living

This year’s Budget will be brought forward by two weeks to September 27, the government announced as part of today’s Summer Economic Statement

State to sell further 5 per cent of its AIB shareholding

Overall size of the state’s shareholding will be reduced from 68.5 per cent to 63.5 per cent

Government shelves rescue fund for bailed-out insurers that could have led to costly levy

The state now plans to help shape a European proposal aimed at protecting policy holders in the event of an insurer going to the wall

Ian Guider: The state is staying silent as two banks prepare to shut up shop

The withdrawals of Ulster Bank and KBC Bank are close at hand, but the Department of Finance and the Central Bank are conspicuous by their silence on the seismic changes in the sector. Why?

ECB paves way for Central Bank database of bank accounts and owners in the state

Draft law proposes a Central Bank administered database of bank accounts and account holders to prevent terrorist financing and money laundering

Briefing notes for Donohoe on housing omitted crucial details

Records released under FOI reveal that Dept of Finance officials cherry-picked data relating to residential vacancy rates

Donohoe was told to say that trend of landlords sitting on empty units would ‘correct itself’

Opposition TD claims government is bowing to vested interests in defending the practice instead of countering it through punitive taxes

State has no record of how many Irish residents are paying levy aimed at tax exiles

Catherine Murphy, co-leader of the Social Democrats, said the low number of people registering to pay the tax is likely a result of the fact that it is a self-declared charge

Nama will find it ‘extremely challenging’ to deliver 2,000 homes by 2025: Donohoe

In response to a parliamentary question, the Minister for Finance claimed that commercial viability is the most important factor in the state body’s building plans

Majority of homes in Nama’s pipeline cannot be delivered before 2025

The agency has considerable amounts of land in areas affected most acutely by the shortage of affordable homes including Dublin, Cork, Meath and Wicklow

ESRI report on housing borrowing slammed as ‘detached from reality’ by Finance officals

Research which suggested state could borrow up to €7 billion a year sparked scathing response

Government to receive latest draft on OECD global tax reforms this morning

The Minister for Finance ‘hopes to be a in position’ to give a recommendation to cabinet by the end of the day on a ‘very, very complex decision’

Interest rate on government borrowing to hit record low of 1.5% this year

NTMA says state will be charged less than €3.5 billion in interest repayments this year — a 50 per cent decline on the near €8 billion it paid in 2014

Donohoe: G7’s drive for 15% corporate tax rate must suit smaller countries

Minister for Finance held meetings on sidelines of two-day summit in London with US Treasury Secretary Janet Yellen and British chancellor Rishi Sunak

G7 countries to support major reforms of tax rules

The Group of Seven, meeting in London this weekend, are set to back changes to international tax rules for multinationals and tech companies

Donohoe under pressure to allow outsiders apply for top Finance job

Department’s €212,000-a-year secretary general post restricted to civil service candidates as a ‘level one’ appointment

Donohoe defends Ireland’s corporate tax rate against proposed global changes

Minister for Finance has reservations about plans for a new international taxation system which he says would favour larger countries

Analysis: Watt’s waiving of pay rise gets ministers off the hook – for now

The controversy around the appointment of the secretary general at the Department of Health highlights the need for a transparent process for setting the pay of senior civil servants

Insurance companies which cut Covid-19 supports from payouts ‘must return money to state’

Minister Seán Fleming says government payments were made to help businesses struggling through pandemic, not to reduce liability of insurers

Limiting applicants to top Department of Finance job ‘brings us back to the bad old days’

Government ‘intent on producing its own version of Reeling in the Years’ by not opening applications to those outside the civil service, according to Ged Nash