Oireachtas Joint and Select Committees

Tuesday, 6 October 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Macroeconomic Forecast for 2016: Department of Finance

6:20 pm

Mr. John McCarthy:

Honestly, the Exchequer is relatively easy to project. We have a good handle on where tax receipts might be for the year as a whole and ditto on the expenditure side. When one comes into general Government terms, one opens up a whole can of worms. There are literally hundreds of moving parts. We are trying to finalise what those moving parts might be at the moment but on the Exchequer side, we expect a tax overshoot as well as an overshoot on the spending side, mainly due to health.

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