Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Dermot McCarthy:

That's certainly true, but through the course of 2008, the pace of decline in tax revenue, in particular, was very rapid and striking and the forecast in, as I recall, May, was less than half of the assessment provided to the Government in September.

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