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Dáil Éireann Debate, Wednesday - 23 June 2021

Wednesday, 23 June 2021

Questions (99)

Louise O'Reilly

Question:

99. Deputy Louise O'Reilly asked the Minister for Public Expenditure and Reform the breakdown of the funding behind the Economic Recovery Plan 2021 under the headings of EU funding, July Stimulus funding, Budget 2021 funding, new moneys and other in tabular form. [33726/21]

View answer

Written answers

The information sought by the Deputy is set out in tabular form below.

 Funding Envelopes

Details

 National Recovery and Resilience Plan

Ireland’s National Recovery and Resilience Plan includes a set of sixteen investment projects and nine reform measures, to a total value of around €1 billion, to be supported by grants from the EU’s Recovery and Resilience Facility.

 

The Plan includes a suite of projects focussing on: 

- advancing the green transition (€503m approx.);

- accelerating and expanding digital reforms and transformation (€295m approx.); and

- social and economic recovery and job creation (€181m approx.).

Other Measures Announced in the Economic Recovery Plan

A number of measures were announced as part of the Economic Recovery Plan which have an associated gross cost above the pre-existing policy position:

- The extension of the Employment Wage Subsidy Scheme for quarter 3 of 2021 (€1,220m);

- The extension of the Pandemic Unemployment Payment to February 2022 (€450m);

- The extension of the Commercial Rates Waiver to end-September 2021 (€160m);

- The extension and enhancement of the Covid Restrictions Support Scheme (€100m);

- Assistance to provide supports for the 2021/2022 academic year for students impacted by Covid-19 (€10m).

The continuation of the Covid-19 Enhanced Illness Benefit scheme and the Business Resumption Support Scheme are demand based schemes for which it is difficult to produce robust cost estimates.

The above does not include tax measures which were announced as part of the Economic Recovery Plan.

 

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