Oireachtas Joint and Select Committees

Wednesday, 7 September 2022

Committee on Budgetary Oversight

Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion

Mr. Sebastian Barnes:

I am just saying that, personally, I would not particularly link those things. What I would look at is the needs that there are and balancing them against the second-round inflation. Of course, there are different numbers the Government could choose. The number it had for the €2.5 billion in temporary measures is probably a number we would be comfortable with, but I think there is no real link between that and the corporation tax. The corporation tax is helpful as it means that the public finances are in some sense in better shape. As the Deputy rightly pointed out, however, using it for temporary measures is appropriate. Obviously, using it for permanent measures is not.

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