Oireachtas Joint and Select Committees
Thursday, 18 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Yes, but in terms of the mix of the revenue base? I mean, the Department on fiscal policy can point to budget strategy memos every June, and, typically, the actual budget and the outturn exceeded that.
But on the issue of the dependence within the revenue base on transaction-based taxes, and the growing dependence in the early 2000s and mid-2000s, is there sufficient evidence, in your view, that the Department raised those concerns, took them to the level of the Minister, and highlighted the extent of the risks that were being built up because of that dependence?
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