Sunday October 25, 2020

Analysis: Huge spending package for Budget 2021 ‘still won’t be enough’

Compensation for businesses hit by the pandemic and a record €4 billion increase in health spending aim to mitigate the effects of Covid-19 but the opposition is sure to find plenty to criticise in this most difficult year

Michael Brennan

Political Editor

@obraonain
13th October, 2020
Paschal Donohoe, the Minister for Finance, will begin his Budget speech at 1pm. Picture: Rollingnews.ie

One of the best descriptions of what Budget 2021 is about came recently from Catherine Murphy, the co-leader of the Social Democrats. She said it would be about “survival and revival” in the midst of the Covid-19 pandemic and a potential no-trade deal Brexit at the end of the year.

There are more details emerging of the compensation scheme for businesses which have been forced to close due to Covid restrictions, with grants of...

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