Oireachtas Joint and Select Committees

Tuesday, 18 November 2014

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Finance Bill 2014: Committee Stage

6:40 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

The numbers keep changing. This year was a different type of year. Tax flows began to exceed profile by modest amounts in the first half of the year, but in August there was a big jump in tax receipts. They exceeded profile by approximately €400 million. I signalled that to the Deputy several times. When he was assuming that we were going to have a big correction, I gave him information as I had it. I told him via parliamentary questions in the House that, first, we would not be adjusting by €2 billion and that-----

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