Oireachtas Joint and Select Committees
Wednesday, 8 December 2021
Committee on Budgetary Oversight
Fiscal Assessment Report: Irish Fiscal Advisory Council
Pearse Doherty (Donegal, Sinn Fein)
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The report raises an issue relating to the forecasting of income tax receipts, given the wage growth projected in budget 2022. What concerns does the council have? I believe it mentioned that the Government's suggestion that income tax receipts would follow main wage growth was implausible. That is obvious without policy changes and the Government is not indicating there will be policy changes. Indeed, it is talking about indexation, which has not happened for a number of years. As such, the current policy will continue. What are the concerns and how serious are they?