Oireachtas Joint and Select Committees
Wednesday, 11 May 2022
Committee on Budgetary Oversight
Recent Cost-of-Living Measures: Discussion
Mr. John Kinnane:
At budget time last year, we set out in detail how the funding from the carbon tax increase would be allocated. It was allocated across measures in the social welfare area to take account of the increases in prices. Some of it was allocated towards the national retrofitting programme and some towards additional funding for the Department of Agriculture, Food and the Marine to encourage and incentivise farmers to transition to more sustainable forms of agriculture. That carbon tax funding has been ring-fenced, in effect, to protect the most vulnerable in society from the effects of the carbon tax increases, to support the retrofitting programme and the just transition. That is where the increase is being spent. When the carbon tax increase is implemented, how it is expended is set out each year.
I will ask my colleague, Ms Callaghan, to respond on the cost of the transport measure.
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