Mr. Seamus Coffey:

We would like to see the link between spending decisions and these surprises broken, although the corporation tax surprises have been positive. The decisions on spending should be about what the economy can produce in a sustainable fashion. We have gone through what we believe represents the sustainable growth rate and also the forecasts of inflation. If the wish is to increase spending beyond that, which the Government and the Oireachtas are free to do, sustainable revenue sources should be generated to allow spending to increase. We would like to see the link between corporation tax receipts and spending decisions broken.