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 Gerald NashGerald Nash (Louth, Labour) | Oireachtas source

The Minister, Deputy McGrath, is right that according to his Department's calculations and commitments, as again enunciated in his opening contribution, it is fair to say that expenditure on new measures next year comes in at approximately €1.3 billion in the plan, if that is accurate. The intention is then to introduce tax adjustments totalling just more than €1 billion.

Correct me if I am wrong, but the programme for Government committed this three-party coalition Government to a 2:1 ratio of spending over tax cuts. Why has that changed for next year? It appears to have changed.

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