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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Irish finance minister Paschal Donohoe unveiled Tuesday a 2021 budget package with additional spending as the nation braces for the twin economic impacts of Brexit and the ongoing coronavirus pandemic. The additional spending of over 17.75 billion euros "is unprecedented in both size and scale in the history of the Irish state," Donohoe told lawmakers. The spending spree is based on the assumption that Brexit trade talks will fail, with Britain reverting to World Trade Organization (WTO) terms, which could stem the flow of Irish exports. A second assumption is "the continued presence of the virus in Ireland next year, and the absence of a broadly available vaccine," Donohoe said. Of the total 17.75 billion euros in additional spending, 8.5 billion euros will fund new public services "to address the challenges of Covid-19" with an extra 3.8 billion euros to buttress existing services, particularly healthcare. Another 3.4 billion euros will be funnelled into a recovery fund to "stimulate increased domestic demand and employment," Donohoe said. "Given the evolving nature of Covid-19 and Brexit, the fund will be flexible in its design in order to provide government with the means to react swiftly to a constantly changing environment," Donohoe added He predicted Brexit will have a "disproportionate impact" on Ireland. Donohoe's budget -- the first of a new three-way coalition government formed in June -- was the first to be delivered outside the Dail chamber of Ireland's parliament. It was instead announced in the nearby Convention Centre Dublin with lawmakers wearing masks and sparsely seated to observe social distancing measures. Ireland has suffered around 1,800 deaths from the coronavirus. Virus restrictions -- which began with a nationwide lockdown in March and remained in various degrees since -- have already badly battered the economy. Irish pubs are enduring ongoing closures which have been dubbed the longest in Europe. The finance ministry last month forecast the nation will have an annual average unemployment rate of 15.9 percent this year, more than three times the 2019 figure. jts/jwp/rl
schema:headline	Ireland's 'largest ever' budget braces for Brexit and virus fallout
schema:mentions	Coalition government Republic of Ireland Easter World Trade Organization Social distancing Brexit Lockdown European Union Pandemic Virus Vaccine Coronavirus Coronavirus disease 2019 Convention Centre Dublin Buttress Debate chamber
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-13 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	75 (xsd:integer)

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