Oireachtas Joint and Select Committees

Tuesday, 16 June 2020

Special Committee on Covid-19 Response

Covid-19: Impact on the Fiscal Position

Dr. Eddie Casey:

I can take that as well. If it is assumed that there is 2% to 3% wage inflation in the other years, then typically that would be associated with non-indexation increases in revenue of approximately €600 million per annum. If the tax system were not to be indexed, that is how much would be raised. If it were to be indexed, then that is how much it would presumably cost versus what would have been planned.