Mr. Niall Conroy:

The main tax policy changes that have been envisaged in the SPU that are incorporated are some reductions in income tax. However, these are largely what would be achieved from basically indexing the tax system anyway. Essentially it is offsetting. If there were no tax cuts - as they would be labelled - that would essentially be the same as indexing the tax system. The only other major revenue-raising measure the Government has is increases in the carbon tax that have already been legislated for.