Oireachtas Joint and Select Committees
Tuesday, 11 June 2019
Committee on Budgetary Oversight
Fiscal Assessment Report: Irish Fiscal Advisory Council
John Lahart (Dublin South West, Fianna Fail)
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I am asking about a situation where the prudence account was in place and money was being set aside. I will come back to that question while the answer is being sought. Time is an issue.
An email we received from the Department of Finance dated 5 June stated that a notable feature of this month's fiscal monitor was that corporation tax was €223 million behind target and also 13% lower than it was at the same point in 2018. Do the witnesses have any comment to make on that? Is it too early to tell whether this forms part of a trend? When might we know if it is a trend or is there an explanation for it being behind profile?