Oireachtas Joint and Select Committees

Thursday, 9 November 2017

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2017: Committee Stage (Resumed)

10:00 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Obviously, time will tell in respect of the outturn. It is also a question for Revenue. Revenue has given us a range of minus €40 million to plus €64 million, which is a range of over €100 million. We see the elasticity year-on-year and therefore Revenue needs to tighten up on the range. We do an alternative budget. We argue that nothing will come. We take a mid-point, which is zero, basically. The Government takes the approach that because this is in the context of a €50 billion or €60 billion budget, it will be able to find the €60 million in question, even if it does not come in on target. Anyway, we will see if the evidence supports it. Will the Minister of State provide us with the outturn expected for 2017? I presume the outturn for 2017 is 1.16%.

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