The Budget deficit for 2020 is likely to be 24 to 30 billion euro.
That's according to the Irish Fiscal Advisory Council, which has released its pre-Budget statement for 2021.
It says the biggest risks to the Irish economy next year are Covid-19 and a no deal Brexit, and recommends a contingency for both scenarios.
Chairperson of the council, Sebastian Barnes, says although the pandemic has been bad for the economy, there are signs of improvement:
Wicklow Pumped With Pride At IPD Awards
The Murrough Pump Track took first place in the Community Youth Initiative category.
Shimmer Boy Crowned 'A New Local Hero' 2026 At Dublin Finale
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Bray Wanderers Cruise Into First Division Playoff Final After Easing Past Kerry
Seagulls book Play-off Final spot with 5-1 aggregate win, with UCD next on Sunday
Lakers Is Back! Bigger, Brighter and Rebuilt.
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Dublin Marathon Pioneer Arklow’s Mary Nolan Hickey To Present Cup That Bears Her Name
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10:00pm - 1:00am
Relaxing favourites with Traic O'Braonain
Sunny intervals
High: 13°C | Low: 9°C
Sunny intervals
High: 12°C | Low: 9°C
Sunny intervals
High: 12°C | Low: 7°C
Sunny intervals
High: 11°C | Low: 5°C
Sunny intervals
High: 13°C | Low: 3°C