Dáil debates

Wednesday, 2 June 2021

Ceisteanna - Questions

Economic Policy

1:30 pm

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

I propose to take Questions Nos. 5 to 9, inclusive, together.

The national reform programme is an important element of the European semester, the annual cycle of economic and fiscal policy co-ordination which takes place among EU member states. As part of the semester, each member state prepares and submits a national reform programme to the European Commission each April. This provides an overview of reforms and policy actions, including in response to country-specific recommendations. Preparation of the national reform programme is co-ordinated by the Department of the Taoiseach with input from relevant Departments and agencies.

For 2021, in line with guidance from the European Commission, Ireland's national reform programme has been integrated into our national recovery and resilience plan. The national recovery and resilience plan is required to access funding under the EU's recovery and resilience facility. Ireland is expected to receive €915 million in grants in 2021 and 2022, with a further set of grants to be allocated in 2023. A draft of Ireland's national recovery and resilience plan was submitted to the Commission by the Department of Public Expenditure and Reform on 28 May 2021. The key aspects were also included in the Government's economic recovery plan published earlier this week.

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