Investor Presentaiton
Necessary fiscal response to Covid working
Deficit to be lower than expected in 2021 but large in historical context
Response
Total fiscal response of
€48bn since 2020 (c. 23% of
GNI*) is large but may not
be fully used
Ireland has responded to
Covid with first attempt at
counter-cyclical fiscal policy
in its 100 year history
Revenues
Ireland's economic structure
has meant revenues have
rebounded despite Covid-19
Strength of both Corporate
and Income tax revenues
from multinational sectors
has helped grow
government finances
Debt
Debt ratios have reversed
due to Covid with modest
increased expected in 2021
for debt to GNI*
Ratios forecasted at 106%
for end-2021 after 105% in
2020
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
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