Oireachtas Joint and Select Committees

Wednesday, 14 September 2022

Committee on Budgetary Oversight

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

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

Okay. On the windfall tax measures being discussed and to be agreed at European level after the budget, have calculations been done on the impact they would have, particularly the cap on non-gas production of energy which would take in wind farms and so on? Are we looking at millions or hundreds of millions euro? Has there been any discussion or any work in the Department? Maybe the chief economist can give us some back of the envelope figures to help steer us. Given that we are the Committee on Budgetary Oversight and the budget is in a couple of weeks, we need to have a sense of what is likely to come down the road with this package. Does it amount to hundreds of millions or a billion? What is the range being looked at?

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