Ireland sets aside 1.2 billion euro for no deal Brexit package
- Country:
- Ireland
Ireland's finance minister said on Tuesday the government will run a budget deficit of 0.6% of gross domestic product next year if Britain crashes out of the European Union without a deal, to fund a 1.2 billion euro package for affected firms.
"In the event of a no-deal, we will intervene in a sustained and meaningful way to support jobs and the economy," Paschal Donohoe told parliament when presenting his budget for 2020, which is based on the assumption of a no-deal Brexit.
"These interventions will support firms of all sizes at all levels of difficulty, with a particular focus on sectors most exposed, including food, manufacturing and internationally traded services."
Also Read: UPDATE 2-Latam neighbors agree to impose sanctions on members of Venezuelan government
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- government
- finance minister
- Paschal Donohoe
- Ireland
- Britain
- European Union
- parliament
ALSO READ
Simon Harris becomes Ireland's youngest-ever prime minister
Modi congratulates Simon Harris on being appointed as Ireland's youngest Prime Minister
"Looking forward to work together": PM Modi congratulates Simon Harris on becoming Ireland's youngest PM
EU finance ministers to discuss Ukraine reform plans, sources say
EU finance ministers to discuss Ukraine reform plans, sources say