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 Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I fully agree with that. If the Minister for Public Expenditure and Reform and I are in a position to have clarity regarding what a revenue gain will be 2023, of course, we will want to bring that forward and inform the Oireachtas and use that in our work. I think both of us are being quite clear this evening in saying that is not what we are banking on. There is much work to be done in that regard. It is worth emphasising briefly that whatever measures the Government brings forward in 2022, we believe they will be the measures we will be implementing for this year.

With regard to the Deputy's question regarding the €1.05 billion, I am not planning any change with regard to it. The Minister, Deputy Michael McGrath, and I are committed to sticking inside the parameters we have announced. I would expect the vast majority of that will be used to try to deliver a degree of indexation to wage earners who have seen their wages go up response to the cost-of-living pressures of which we are aware. We are trying to preserve the value of those wages as they go up. I would anticipate that is where most of that will be used. Government has not made a decision on it, however. We are looking at all these things in the round at the moment.

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