Oireachtas Joint and Select Committees

Tuesday, 11 June 2019

Committee on Budgetary Oversight

Fiscal Assessment Report: Irish Fiscal Advisory Council

Professor Michael McMahon:

To directly answer the Deputy's question, Table B.1 essentially shows that in 2018 projected corporation tax was €5.7 billion and actual corporation tax was €10.4 billion. That would add €4.7 billion to a prudence account. That information is shown in the box but the figures go all the way back to 2015 and show the cumulative difference it would make.