Oireachtas Joint and Select Committees
Thursday, 5 May 2022
Public Accounts Committee
2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020
9:30 am
Colm Burke (Cork North Central, Fine Gael) | Oireachtas source
Okay. I move on to one other area. The Exchequer figures for the end of April show a substantial increase in tax. I am aware that is taking into account that there was a reduction because of the Covid lockdowns, etc. I raise long-term planning and one of the problems we had in 2008 and 2009. Other countries do long-term planning where there is a fund built up that the state can dig into in the event of there being a recession. For argument's sake, if we had had such a fund available in 2008 and 2009 there would have been many things we could have done to keep projects going. In 2008 and 2009 when the crisis hit, it was locked down completely. Is there any long-term plan for dealing with that in view of the fact tax levels are extremely good?
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