Oireachtas Joint and Select Committees
Wednesday, 16 February 2022
Committee on Budgetary Oversight
Indexation of Taxation and Social Protection System: Discussion (Resumed)
Pearse Doherty (Donegal, Sinn Fein)
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I understand that. Without those increases, given where we know the rate of inflation to be now, all of those households are going to become poorer this year. An indexed increase would have been €10 but €5 was given. The value of their payment is therefore €250 less over a year. Is that not correct?