How education and upbringing influenced the life of Paschal Donohoe. A timeline of key moments.
Paschal Donohoe is an Irish Fine Gael politician prominent in Irish and European politics. He currently serves as Ireland's Minister for Finance (since January 2025, and previously 2017-2022) and has held the position of President of the Eurogroup since July 2020. Elected as a Teachta Dála (TD) for Dublin Central in 2011, Donohoe has held several ministerial portfolios including Minister for Public Expenditure, NDP Delivery and Reform (2022-2025), Minister for Public Expenditure and Reform (2016-2020), Minister for Transport, Tourism and Sport (2014-2016), and Minister of State for European Affairs (2013-2014), indicating a long and impactful career in Irish governance.
Paschal Donohoe was born in 1974 in Phibsborough, Dublin, and grew up in Blanchardstown. He is the son of a Stena Line employee who also worked renting marquees and tents.
In 1996, Paschal Donohoe graduated from Trinity College Dublin with a first-class honours degree in Politics and Economics as part of the Business, Economics and Social Science (BESS) degree programme.
In 2001, Paschal Donohoe married British-born Justine Davey. They have two children and live in Phibsborough.
In 2003, Paschal Donohoe returned to Ireland to pursue a career in politics after spending six years working in the United Kingdom for Procter & Gamble.
In 2004, Paschal Donohoe was first elected at the Dublin City Council election for the local electoral area of Cabra–Glasnevin. During this time he was Chairperson of the Central Area Committee, Chairperson of the Environmental Strategic Policy Committee and a member of the City Corporate Policy Committee.
In July 2007, Paschal Donohoe was elected to Seanad Éireann as a Senator for the Administrative Panel, after an unsuccessful candidacy at the 2007 general election in the Dublin Central constituency.
In October 2007, Paschal Donohoe was appointed as Fine Gael Seanad Spokesperson on Transport and the Marine. He was also a member of the Joint Oireachtas committee on Transport and the Joint Oireachtas committee on European Affairs.
In 2009, Paschal Donohoe contested the Dublin Central by-election caused by the death of Tony Gregory, but he was unsuccessful.
In 2011, Paschal Donohoe topped the poll at the general election and was elected to Dáil Éireann on the 2nd count.
On 12 July 2013, Paschal Donohoe was appointed as Minister of State for European Affairs, following the resignation of Lucinda Creighton.
On 11 July 2014, Paschal Donohoe was promoted to the cabinet as Minister for Transport, Tourism and Sport.
In May 2016, Paschal Donohoe was appointed Minister for Public Expenditure and Reform following the formation of a Fine Gael minority government.
Paschal Donohoe's tenure as Minister for Transport, Tourism and Sport concluded on 6 May 2016.
In October 2016, Paschal Donohoe, as Minister for Public Expenditure and Reform, presented his first budget, announcing €58 billion in expenditure and signalling the impact of Brexit on Ireland. He took over the workload from Minister for Finance Michael Noonan due to Noonan's hospitalization.
In 2016, Paschal Donohoe was part of the Government's negotiating team, resulting in the formation of a minority Fine Gael government supported by a confidence and supply agreement with Fianna Fáil.
On 10 October 2017, Paschal Donohoe presented his first budget as Minister for Finance.
In 2018, Paschal Donohoe negotiated the Public Service Stability Agreement 2018–2020, outlining the unwinding of emergency legislation introduced during the financial crisis (FEMPI).
In 2018, Paschal Donohoe oversaw public finance during a time when a budget surplus was recorded for the first time since the financial crisis (2006).
Paschal Donohoe's period as Minister for Public Expenditure and Reform ended on 27 June 2020, following the formation of the 32nd government led by Micheál Martin.
In 2018, Paschal Donohoe negotiated the Public Service Stability Agreement 2018–2020, outlining the unwinding of emergency legislation introduced during the financial crisis (FEMPI).
At the 2024 general election, Paschal Donohoe was re-elected to the Dáil.
On 23 January 2025, Paschal Donohoe was appointed as Minister for Finance in the government led by Micheál Martin, following the 2024 general election.
On 23 January 2025, Paschal Donohoe was appointed as Minister for Finance in the government led by Micheál Martin, following the 2024 general election.
In November 2025, Paschal Donohoe announced his resignation from his political roles as Teachta Dála (TD) and Minister of Finance to join the World Bank as Managing Director and Chief Knowledge Officer.
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