Oireachtas Joint and Select Committees

Wednesday, 16 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

I understand that. Without those increases, given where we know the rate of inflation to be now, all of those households are going to become poorer this year. An indexed increase would have been €10 but €5 was given. The value of their payment is therefore €250 less over a year. Is that not correct?

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