Oireachtas Joint and Select Committees
Tuesday, 15 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Irish Stability Programme Update: Minister for Finance
7:45 pm
Michael Noonan (Limerick City, Fine Gael)
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It is €2 billion allowing for the carryover, which is small, but there is a bit more probably on the expenditure side than on the tax side. The rule of thumb division is 2:1 in favour of expenditure and, therefore, one is looking at approximately €700 million in tax.