Oireachtas Joint and Select Committees

Wednesday, 11 September 2019

Committee on Budgetary Oversight

Scrutiny of Tax Expenditures (Resumed)

Mr. Michael Tutty:

We were saying that surpluses should have been run for the past three years at least If I remember correctly, three years ago the Government was projecting surpluses into the future.

When we arrived at those years, though, the surpluses did not emerge. It was not just last year that we were saying this, but for at least three years. I cannot remember exactly when we started. Dr. Casey or Mr. Coffey might remember. It certainly had been going on for a few years when we had the potential to do so. Even when surpluses were not projected in the budget, there were substantial tax revenue increases during the year, but health expenditure increased beyond what was expected in the budget, as did other expenditures. The extra tax revenue went on those extra expenditures. There were opportunities and projections but, in practice, the surpluses did not happen.

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