Ireland: Expectations for possible initiatives in stimulus plan (COVID-19)
Ireland: Expectations, initiatives in stimulus plan
Ireland’s government is expected to announce later this week stimulus initiatives to boost economic activity following the impact of the coronavirus (COVID-19) pandemic.
While the measures in a stimulus package are not yet known, there are expectations that they could include or address:
- Pay-related social insurance (PRSI) relief to ease the impact of the COVID payment wind-down
- Expanded credit guarantee scheme
- Priority for infrastructure investment to provide jobs and address current “bottlenecks”
- Reduced rates of value added tax (VAT) as support for certain consumer-facing sectors
Read a July 2020 report prepared by the KPMG member firm in Ireland
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