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 Businesses Are Staying Competitive with Skills Training
Joy Unconfined As Wicklow Town's Shrine To Mayo Bears Fruit At Long Last!
Wicklow Households Among 1.7 Million Impacted By Uisce Éireann's Bank Holiday Repair Plan
Early Hours Rescue Brings Three People To Safety
Irish Coast Guard, RNLI and Water Safety Ireland urge everyone to 'Unite to Turn the Tide