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 Mairead FarrellMairead Farrell (Galway West, Sinn Fein) | Oireachtas source

If one were to believe media reports, which I have no reason not to believe, it is a significant sum of money.

I do not have that much time so I will move on to another topic. There are two questions that I really want to get answers to, but people have asked them and we have not heard exactly how much the Minister expects the surplus to be. I also wanted to ask if the Minister has decided what to do in regard to the rainy day fund and if so, how much it will be. If he has the information perhaps the Minister will answer that as well, if he wants to respond to me.

The other question I had relates to the amount of warehoused tax debt that arose during Covid. Has the Department done any analysis on the outstanding amounts and how they are being impacted by the current energy crisis?

Following on what Teachta Healy-Rae said, we have all been speaking to local businesses in our area about the different strains they are experiencing. We are all acutely aware of the pressures on households. There has been some talk about a potential loan initiative coming from the Government. I am not asking the Minister to confirm that, but how would it also impact?

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