Oireachtas Joint and Select Committees

Wednesday, 5 July 2023

Committee on Budgetary Oversight

Sovereign Wealth Funds: Discussion (Resumed)

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael) | Oireachtas source

Yes, such as ageing. I am worried about this - I should not be worried about anything at all - but I do occasionally get worried. For instance, it has become a goal on the part of some to ensure we do not retain the investment related to higher payments in corporation profit tax. If some people had their way, it would be long-since gone. We must recognise that a larger percentage of our population is gaining employment at home, thereby reducing emigration. Other people from other countries with specific skills are coming into our economy and making a worthwhile contribution. At the same time, we have a national debt that is exceptionally high. It must be identified in the context of relating in some way to the availability of corporation profit tax, as it is, and to the necessity to address, at some stage, the national debt gradually, over several years. What consideration was given to that?

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