Oireachtas Joint and Select Committees

Tuesday, 15 July 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Pre-Budget Submissions: Discussion

3:40 pm

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent)
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I thank the witnesses for taking the time to meet us and to provide us with submissions, which are useful and contain interesting analyses. In regard to the representatives from TASC, Chambers Ireland and IBEC, I could not find in their submissions a table setting out the total adjustment. I am looking for the walk, that is, the estimates of the deficit next year if there are no budget changes, the amounts carried forward, the accrual through revenue buoyancy and accruals from GDP increases due to changes in the way it is accounted for. Such a table would indicate a certain gap, in respect of which I could expect the witnesses to propose a bundle of taxation and expenditure measures. I acknowledge they do not have a breakdown of the bundle of approximately €400 million but it would be useful to provide that walk. The submissions contain a number of interesting ideas but I would like to see how we can get from a no-change budget scenario to whatever target the various groups believe we should achieve. Is this something the witnesses could provide to the committee in the coming days?