Summer Economic Statement: One in three euros spent next year going on tax packages

Covid spending is to be slashed by almost €7bn, the Government's Summer Economic Statement reveals 

Finance Minister Paschal Donohoe said the Government has set out "a credible medium-term strategy for returning the public finances to a sustainable position". File picture: Sam Boal/RollingNews.ie

Fine Gael has secured a major Budget win with one in three euros spent next year going on tax packages.

Covid spending is to be slashed by almost €7bn, as the Government hopes that as supports are phased out the cost of Covid-19 will drop.