Oireachtas Joint and Select Committees

Wednesday, 4 May 2022

Committee on Budgetary Oversight

Stability Programme Update 2022: Minister for Finance

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

May I conclude on these two points? To clear up confusion, the Department's package should have been bigger, but in making the broad package bigger it cannot forget about the most vulnerable. That is what I contend. Even with the fuel rebate, core social welfare rates should have gone up.

I wish to ask the Minister about the impact of global tax reform on the level of corporation tax receipts. It appears the figure is unchanged since the medium-term fiscal strategy in January 2020. Is the Department planning to update those forecasts? Will the Minister give his view on the likelihood of OECD agreement on a pillar 2 solution being implemented in the medium term? Does the Minister still view it as a final settlement? I think that that is what he called it at the time.

The second issue is the provision of €3 billion for the Ukrainian humanitarian contingency in 2023. No money at all is allocated for 2024. Does the Minister believe that that is appropriate? Where does he see that issue at that point in time?

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