The largest-ever cash injection for the Irish economy has been announced by the Government in a bid to rescue it from the effects of the pandemic.
More than €5 billion in cash, along with €2 billion in loan guarantees for businesses, will be spread widely across public investments, worker and welfare supports, and funding for business and tax cuts, with Taoiseach Micheál Martin insisting that most of the money will be applied this year.
It is the single biggest cash stimulus ever for the economy.
It will be funded by exchequer borrowing.
Mayo based Minister for Agriculture Dara Calleary outlined to Midwest News this morning what the package has to offer this region. He said there was something in it for everyone and he added it is needed in light of the impact of the pandemic on the local economy.