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:
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8:00pm - 10:00pm
Love Songs on the Coast
Sunny intervals
High: 18°C | Low: 13°C
Sunny intervals
High: 17°C | Low: 13°C
Light rain
High: 18°C | Low: 12°C
Light rain
High: 18°C | Low: 13°C
Light rain
High: 18°C | Low: 12°C
