John Lahart (Dublin South West, Fianna Fail) | Oireachtas source

I wish to ask a question on the following comment, which can be found on page 18 of IFAC's report:

Successive efforts to bring a large deficit down in the initial post-crisis period proved successful. Yet, in recent years, the Government has used most of the proceeds of a cyclical upswing; reduced interest costs; and unexpected—and possibly temporary—surges in corporation tax since 2015 to increase spending at a faster-than-planned rate.

Can Mr. Coffey quantify how much of this is embedded in the system? If corporation tax was to suddenly fall off the edge of a cliff - and it is unlikely to fall off the edge of a cliff - how much of the proceeds are deeply embedded in current day-to-day spending as opposed to spending on infrastructure and once-off capital spending?