Donohoe warns no more can be done to offset inflation impact

Publishing the government’s stability programme update last week, the finance minister said that its €1 billion package was as far as the state could go to buffer the effects of rising prices

Paschal Donohoe, Minister for Finance: ‘We can help and offer support – we’re determined to do it and we’ve done it again today – but we are not going to be able to cover and meet every additional need that we are asked to meet.’ Picture: Sam Boal/RollingNews

Paschal Donohoe had the look of a man content with his track record of helping the country through crises last week, as he outlined the government’s analysis of how the latest economic emergency would affect Irish households and businesses.

“I think in retrospect the case can be made that the policies that we put in place [during the pandemic] . . . really worked in helping our economy recover back to the point of strength ...