Tuesday, 29 September 2020

Ceisteanna (52)

Pa Daly


52. Deputy Pa Daly asked the Minister for Finance the contingency planning that has taken place within his Department about an indefinite period of restrictions on VAT generating sectors of the economy such as hospitality. [26344/20]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

The COVID-19 pandemic continues to present us with unprecedented economic and social challenges. In dealing with these challenges, the Government has acted swiftly in bringing forward measures that immediately and directly support the economy and help to actively retain and create jobs.  The July stimulus package contained measures to foster economic activity, support businesses and get as many people back to work as quickly as possible.

The level of unprecedented support provided by Government is only available to us because of the work that has been done in recent years in placing the public finances on a sustainable trajectory. It is essential that, as we recover and look to the future, we return the fiscal position to a sustainable and credible trajectory at the appropriate time.

As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.