Oireachtas Joint and Select Committees

Tuesday, 24 June 2025

Committee on Budgetary Oversight

Annual Progress Report 2025: Discussion

2:00 am

Photo of Paschal DonohoePaschal 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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