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

Photo of Maurice QuinlivanMaurice 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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