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Ireland to tap surplus, taxes on suppliers for any future energy measures – finance minister

Ireland will tap any excess funds not held in its national reserve fund to assist consumers and businesses with their energy bills beyond March 2020, Paschal Donohoe, the Finance Minister (pictured), said Tuesday (27 September).

Donohoe stated that the first port to obtain the surplus is the one he believes he has. A reporter asked him if he would tap the EUR6 billion national reserves funds first.

“Our participation in any EU-wide energy tax measures will be the second port of call.” If this is not possible, we have pledged today that our domestic tax-raising measure for the energy sector will be brought forward.

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