Oireachtas Joint and Select Committees

Wednesday, 19 September 2018

Committee on Budgetary Oversight

Priorities for Budget 2019: Irish Fiscal Advisory Council

2:00 pm

Photo of Lisa ChambersLisa Chambers (Mayo, Fianna Fail) | Oireachtas source

For example, a revenue-raising measure could be introduced for budget 2019 that we have not been told about such as a change to the hospitality VAT rate, but the argument from those working in the hospitality sector is that they need to protect themselves against Brexit and cannot deal with an increase, which is a different argument. If there is a revenue-raising measure, should that then be put aside for dealing with that shock, which is described as inevitable in the council's opening statement, or should we raise revenue with a view to spending it immediately?

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