Oireachtas Joint and Select Committees
Wednesday, 27 September 2017
Committee on Budgetary Oversight
Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance
2:00 pm
Maurice Quinlivan (Limerick City, Sinn Fein) | Oireachtas source
It is coming now. I just wanted to quote that from Revenue so it is clear what we are saying. Revenue is very clear in the ready reckoner that while a 50 cent increase could bring in €61 million, it could, equally, bring in a loss of €40 million. The facts speak for themselves. Increasing excise duties does not always equal more revenue for the State. Does the Minister agree, therefore, that it is very dangerous to base his plans on an increase in excise duty?
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