Oireachtas Joint and Select Committees

Wednesday, 2 February 2022

Committee on Budgetary Oversight

Indexation of Taxation and Social Protection System: Discussion (Resumed)

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Maybe Dr. Keane will come in on the second point but to pick up on what Dr. Doorley said, it refers to a projection but obviously we now know those figures are grossly wrong. It went from 2.1% to 5.5%. Dr. Doorley said the €5 increase was in line, or thereabouts, with inflation. Therefore, it would need to be increased by say €5, €6 or €7 to meet the real cost of inflation now. That is the average cost of inflation.

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