Paschal Donohoe: Irish government dividend will bring ESB profits in line with 2019

Paschal Donohoe: Irish government dividend will bring ESB profits in line with 2019

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Social Studies

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Hard

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The government announced an increase in the dividend from SD to over €300 million, aiming to prevent excessive profitability due to high pricing affecting households and businesses. This money will be added to the exchequer, allowing the government to decide on its use, potentially funding measures for the winter. The decision aligns with the principle of using windfall taxes, as per Minister Ryan's legislation, to support necessary measures.

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