Oireachtas Joint and Select Committees
Wednesday, 2 February 2022
Committee on Budgetary Oversight
Indexation of Taxation and Social Protection System: Discussion (Resumed)
Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
Maybe Dr. Keane will come in on the second point but to pick up on what Dr. Doorley said, it refers to a projection but obviously we now know those figures are grossly wrong. It went from 2.1% to 5.5%. Dr. Doorley said the €5 increase was in line, or thereabouts, with inflation. Therefore, it would need to be increased by say €5, €6 or €7 to meet the real cost of inflation now. That is the average cost of inflation.