Oireachtas Joint and Select Committees

Wednesday, 24 September 2025

Committee on Budgetary Oversight

Pre-Budget 2026 Engagement (Resumed)

2:00 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)

It is €3.3 billion that is the annual cost of servicing our national debt and I am aware of that issue on the VAT registration threshold. I will stand to be corrected by the Deputy but I do think it was changed once in recent years but that is it. The cost of changing it is more considerable than you might think but I am aware of it and it is an issue that has been brought up with me by very small businesses also. It definitely has not been indexed in line with turnover growth as other tax credits have been.

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