Oireachtas Joint and Select Committees
Thursday, 30 June 2016
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Estimates for Public Services 2016
Vote 7 - Office of the Minister of Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised)
9:00 am
Michael Noonan (Limerick City, Fine Gael)
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Yes, it is likely there will be some reduction in 2018, but I could not go beyond making that kind of general comment until we see what the new arrangement is likely to be. If it plays towards us rather than against us, there may be a very marginal effect on the fiscal space. It is another moving part that has to be taken into account in forecasts. However, even if there were never a Brexit, forecasts are less definite for times further out in the forecasting period. They are not estimates; they are forecasts.