Oireachtas Joint and Select Committees
Tuesday, 24 June 2025
Committee on Budgetary Oversight
Annual Progress Report 2025: Discussion
2:00 am
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
Yes, that is what we expect at the moment. That is based on assumptions regarding how much of our corporate tax receipts could be at risk in any one given year. The reason that underlying deficit will be going up next year is driven by an increase in planned capital expenditure, which is the right thing to do for our economy, and a reasonably moderate level of planned current expenditure growth at the moment. To answer the Deputy's earlier question, we are behind profile on corporation tax by €589 billion at the moment.
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