Dáil debates

Tuesday, 17 November 2020

Ceisteanna ó Cheannairí - Leaders' Questions

 

2:40 pm

Photo of Micheál MartinMicheál Martin (Cork South Central, Fianna Fail) | Oireachtas source

I fully appreciate the Deputy's question and his motivations. As I have said, we will engage with different sectors. We are very conscious of the enormous fiscal intervention that the Government, on behalf of the State, has had to make to underpin as many businesses and jobs as we possibly can during levels 3, 4 and 5, because the impact is very severe. It is estimated, for example, that the wage subsidy scheme, from its introduction last March to next March, will cost some €5.5 billion. There are 350,000 people on the pandemic unemployment payment at the moment and it is costing €102 million a week. The new Covid restrictions support scheme, which assists businesses that have been closed for some length of time or the turnover of which has gone way down, will cost a very significant amount as well. The issue of supporting and underpinning industries, particularly the hospitality, travel and tourism sector, is one that is constantly within the Government's sights. Unprecedented interventions have been made across the board to try to keep the edifice of jobs and business intact during this pandemic.

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