Oireachtas Joint and Select Committees
Thursday, 20 September 2018
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Home Building Finance Ireland Bill 2018: Committee Stage
10:20 am
Michael D'Arcy (Wexford, Fine Gael) | Oireachtas source
The number of deferrals in 2016 was 55,000. In 2017, it was almost 59,000 and in 2018 it is 57,700, which means deferrals are decreasing. I do not have the percentage in this regard because during that period the number of units could have been greater. As I said there are currently 1.92 million properties but this increases or decreases as new units come on stream and some are excluded.
There are 97,000 involuntary deductions from wages, which is less than 5% of the overall number. The Deputy references this 5% all of time, as do other people on the left, but he never references the 95% of people who are satisfied to pay the tax.
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