Paul McAuliffe (Dublin North West, Fianna Fail)
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96. To ask the Minister for Finance the estimated cost of the extension of the Covid-19 emergency payment and the temporary wage subsidy scheme. [11235/20]

Paschal Donohoe (Dublin Central, Fine Gael)
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In recognition of the challenges which remain for businesses across the country, the Government decided on 5 June 2020 to extend the Temporary Wage Subsidy Scheme (TWSS) until the end of August.

It is not possible to provide an accurate estimate of the cost of the extension.  However, to-date, the scheme is estimated to cost roughly €500 million per week. 

The intention is to continue to monitor the scheme closely in the coming weeks and months, noting that there should be a decline in costs and reliance on the scheme as the public health restrictions are eased through the summer.

Policy and cost estimates relating to the Covid-19 Pandemic Unemployment Payment are a matter for the Minister for Employment Affairs and Social Protection in the first instance.