Oireachtas Joint and Select Committees

Thursday, 8 May 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2012
Chapter 2 - Government Debt
Finance Accounts 2012

2:05 pm

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

I will ask one final question. In terms of anticipated growth for 2014 and the deficit figure we must reach by reducing expenditure across Departments, there has been speculation that revenue arising from any growth achieved will be used to offset the tax burden. This is mentioned in the document.

On page 21, it refers to providing a potential revenue quote that is reasonable and states that taxation reductions can be achieved over the medium term. Do we know how much money we might be looking at in terms of financing that reduction, for example, through changing the tax bands?

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