Seanad debates

Thursday, 1 October 2020

Nithe i dtosach suíonna - Commencement Matters

Covid-19 Pandemic Supports

10:30 am

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

I thank the Senator. He hit the nail on the head in everything he said. There is a cash flow implication. It is a good scheme for many people, but for businesses, the cash flow crisis could be fatal. It is important to remember that. While I am not in a position to give a commitment, we will ask Revenue to examine the scheme's operation. Revenue will quickly see the scale of the payments it will make every month or so versus the scale when they were being made on a weekly basis. If some operational measure can be introduced, we will ask about it.

I have spoken to the Ministers for Finance and Public Expenditure and Reform about the issue this week. They are aware of the difficulties. Cash is king. People do not look at their profit and loss when they go into work every morning.

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