Ireland unveils 1.2-billion-euro Brexit budget to help business

FILE PHOTO: Irish Finance Minister Paschal Donohoe speaks during an interview with Reuters at the Ministry of Finance in Dublin

World- Irish Finance Minister Paschal Donohoe announced a 1.2-billion-euro (1.3-billion-dollar) package of measures to help Irish businesses if Britain crashes out of the European Union without a deal.

“These are times without precedent,” Donohoe told the Irish parliament. “This is a budget that has been prepared in the shadow of Brexit.”

“With just 23 days to go, the decisions I will announce today have been informed by the possibility of a no-deal Brexit,” he said.

There would be 200 million euros in extra funding for ports, airports and the technology management required to prepare for Brexit, Donohoe said.

“If there is a no-deal Brexit, there will be 950 million euros in borrowed money to assist agricultural, enterprise and tourism sectors.