July Jobs Stimulus
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July Jobs Stimulus
The July Jobs Stimulus is a €7.4 billion Stimulus (economics), stimulus package announced by the Government of Ireland on 23 July 2020 in response to the Economic impact of the COVID-19 pandemic in the Republic of Ireland, economic impact of the COVID-19 pandemic in the Republic of Ireland. The package includes 50 measures to boost economic recovery and get people back to work. The spending primarily includes €115 million for active travel, public transport and renewal of transport infrastructure, €75 million for List of schools in the Republic of Ireland, primary and secondary schools to carry out reconfiguration works necessary to support schools' reopening in late August and September 2020 and €112 million in employment services and supports to deliver 47,500 training and apprenticeship places and a €450 million package of business supports including a €250 million Restart Grant to provide direct grant aid to businesses with up to 250 em ...
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Stimulus (economics)
In economics, stimulus refers to attempts to use monetary policy or fiscal policy (or stabilization policy in general) to stimulate the economy. Stimulus can also refer to monetary policies such as lowering interest rates and quantitative easing. A stimulus is sometimes colloquially referred to as "priming the pump" or "pump priming". Concept During a recession, production and employment are far below their sustainable potential due to lack of demand. It is hoped that increasing demand will stimulate growth and that any adverse side effects from stimulus will be mild. Fiscal stimulus refers to increasing government consumption or transfers or lowering taxes, increasing the rate of growth of public debt. Supporters of Keynesian economics assume the stimulus will cause sufficient economic growth to fill that gap partially or completely via the multiplier effect. Monetary stimulus refers to lowering interest rates, quantitative easing, or other ways of increasing the amount of ...
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Minister For Tourism, Culture, Arts, Gaeltacht, Sport And Media
The Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media ( ga, An tAire Turasóireachta, Cultúir, Ealaíon, Gaeltachta, Spóirt agus Meán) is a senior minister (government), minister in the Government of Ireland and leads the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media. The current minister is Catherine Martin (politician), Catherine Martin, Teachta Dála, TD. She is assisted by two Minister of State at the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media, Ministers of State: *Patrick O'Donovan, TD – Minister of State at the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media, Minister of State for Gaeltacht *Thomas Byrne (Meath politician), Thomas Byrne, TD – Minister of State at the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media, Minister of State for Sport and Physical Education Overview The Minister for Economic Planning and Development was created by the Ministers and Secretaries Acts, Min ...
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Paschal Donohoe
Paschal Donohoe (born 19 September 1974) is an Irish Fine Gael politician who has served as Minister for Public Expenditure and Reform since December 2022 and President of the Eurogroup since July 2020. He has been a Teachta Dála (TD) for the Dublin Central constituency since 2011. He served as Minister for Finance of Ireland from 2017 to 2022, Minister for Public Expenditure and Reform from 2016 to 2020, Minister for Transport, Tourism and Sport from 2014 to 2016 and Minister of State for European Affairs from 2013 to 2014. Early life Donohoe was born in Phibsborough, Dublin, in 1974. He is the son of a Stena Line employee who also worked renting marquees and tents. He was educated at St. Declan's CBS in Cabra, before receiving a scholarship to Trinity College Dublin. He studied Politics and Economics as part of the Business, Economics and Social Science programme and graduated with a first-class honours degree in 1996. He served as Secretary of the University Philosophic ...
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Minister For Finance (Ireland)
The Minister for Finance ( ga, An tAire Airgeadais) is a senior minister in the Government of Ireland. The Minister for Finance leads the Department of Finance and is responsible for all financial and monetary matters of the state; and is considered the second most important member of the Government of Ireland, after the Taoiseach. The current office holder is Michael McGrath, TD. Overview The Minister for Finance holds the second most important ministerial position in the Irish Cabinet after that of the Taoiseach. He or she is in charge of the Department of Finance responsible for all financial matters in the Republic of Ireland. It is one of three positions in the government which the Constitution requires to be held by a member of Dáil Éireann, the other two being Taoiseach and Tánaiste. Many Ministers who have held the Finance portfolio have gone on to become Taoiseach, including Jack Lynch, Charles Haughey, Albert Reynolds, John Bruton, Bertie Ahern and Brian Cowen. ...
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Micheál Martin
Micheál Martin (; born 1 August 1960) is an Irish Fianna Fáil politician who is serving as Tánaiste, Minister for Foreign Affairs (Ireland), Minister for Foreign Affairs and Minister for Defence (Ireland), Minister for Defence since December 2022. He served as Taoiseach from 2020 to 2022 and has been Leader of Fianna Fáil since January 2011. He has been a Teachta Dála (TD) for Cork South-Central (Dáil constituency), Cork South-Central since 1989. He served as Leader of the Opposition (Ireland), Leader of the Opposition from 2011 to 2020 and held various Cabinet offices under Bertie Ahern and Brian Cowen. Born in Cork (city), Cork, Martin initially worked as a teacher before entering politics. He was elected to Cork City Council in 1985, and served as Lord Mayor of Cork from 1992 to 1993. In 1989 Irish general election, 1989, he was first elected to Dáil Éireann for Cork South-Central, a seat he has represented ever since. After the victory of Fianna Fáil at the 1997 Ir ...
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Taoiseach
The Taoiseach is the head of government, or prime minister, of Republic of Ireland, Ireland. The office is appointed by the president of Ireland upon the nomination of Dáil Éireann (the lower house of the Oireachtas, Ireland's national legislature) and the office-holder must retain the support of a majority in the Dáil to remain in office. The Irish language, Irish word ''Wiktionary:taoiseach, taoiseach'' means "chief" or "leader", and was adopted in the 1937 Constitution of Ireland as the title of the "head of the Government or Prime Minister". It is the official title of the head of government in both English and Irish, and is not used for the prime ministers of other countries, who are instead referred to in Irish by the generic term ''príomh-aire''. The phrase ''an Taoiseach'' is sometimes used in an otherwise English-language context, and means the same as "the Taoiseach". The current Taoiseach is Leo Varadkar, Leo Varadkar TD, leader of Fine Gael, who again took offic ...
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Heather Humphreys
Heather Humphreys (born 14 May 1963) is an Irish Fine Gael politician who has served as Minister for Rural and Community Development and Minister for Social Protection since June 2020. She also briefly served as Minister for Justice in November and December 2022 to facilitate the maternity leave of Helen McEntee, which she had previously done from April to November 2021. She has been a Teachta Dála (TD) for the Cavan–Monaghan constituency since 2011. She previously served as Minister for Business, Enterprise and Innovation from 2017 to 2020, Minister for Culture, Heritage and the Gaeltacht from June 2017 to November 2017, Minister for Arts, Heritage, Regional, Rural and Gaeltacht Affairs from 2016 to 2017 and Minister for Arts, Heritage and the Gaeltacht from 2014 to 2016. Early life Humphreys was born in the village of Drum, County Monaghan, in 1963. She was raised as a Presbyterian; her father is a member of the Orange Order, while her grandfather, Robert James Stewart, ...
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Minister For Social Protection
The Minister for Social Protection ( ga, An tAire Cosanta Sóisialta) is a senior minister in the Government of Ireland and leads the Department of Social Protection. The current Minister for Social Protection is Heather Humphreys. She is also Minister for Rural and Community Development and Minister for Justice. She is assisted by two Ministers of State: * Joe O'Brien, TD – Minister of State, with responsibility for Community Development and Charities; and *Damien English, TD – Minister of State, with responsibility for Redundancy and Insolvency Operations and Employer Services. Overview The position was created in 1947 as the Minister for Social Welfare. Its present title dates from 2020. The department formulates appropriate social protection policies and administers and manages the delivery of statutory and non-statutory schemes and services. It is also responsible for the delivery of a range of social insurance and social assistance schemes including provision for un ...
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Small And Medium-sized Enterprises
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the European Union, the United Nations, and the World Trade Organization (WTO). In any given national economy, SMEs sometimes outnumber large companies by a wide margin and also employ many more people. For example, Australian SMEs makeup 98% of all Australian businesses, produce one-third of the total GDP (gross domestic product) and employ 4.7 million people. In Chile, in the commercial year 2014, 98.5% of the firms were classified as SMEs. In Tunisia, the self-employed workers alone account for about 28% of the total non-farm employment, and firms with fewer than 100 employees account for about 62% of total employment. The United States' SMEs generate half of all U.S. jobs, but only 40% of GDP. Developing countries tend to have a lar ...
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Brexit
Brexit (; a portmanteau of "British exit") was the withdrawal of the United Kingdom (UK) from the European Union (EU) at 23:00 GMT on 31 January 2020 (00:00 1 February 2020 CET).The UK also left the European Atomic Energy Community (EAEC or Euratom). The UK is the only sovereign country to have left the EU or the EC. Greenland left the EC (but became an OTC) on 1 February 1985. The UK had been a member state of the EU or its predecessor the European Communities (EC), sometimes of both at the same time, since 1 January 1973. Following Brexit, EU law and the Court of Justice of the European Union no longer have primacy over British laws, except in select areas in relation to Northern Ireland. The European Union (Withdrawal) Act 2018 retains relevant EU law as domestic law, which the UK can now amend or repeal. Under the terms of the Brexit withdrawal agreement, Northern Ireland continues to participate in the European Single Market in relation to goods, and to be a member o ...
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IDA Ireland
Industrial Development Agency (IDA Ireland) ( ga, An Ghníomhaireacht Forbartha Tionscail) is the agency responsible for the attraction and retention of inward foreign direct investment A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct co ... (FDI) into Republic of Ireland, Ireland. The agency was founded in 1949 as the Industrial Development Authority and placed on a statutory footing a year later. In 1969 it became a non-commercial autonomous state-sponsored body. Today it is a state-sponsored bodies of the Republic of Ireland, semi-state body that plays an important role in Ireland's relationship with foreign investors, with multinationals accounting for 10.2% of employment and 66% of Irish exports. The agency partners with investors to help them to begin or expand their operations in ...
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