Gerald Nash (Louth, Labour)
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My first point does not relate to the growth in tax revenue that is anticipated for the next few years, but to something that struck me when I was reading the SPU last week. It was confirmed by the Parliamentary Budget Office, PBO, yesterday in its presentation to members of the committee. The SPU, PBO and others forecast that certain tax heads would be revised downwards this year. I would be interested in understanding the dynamic of that. For example, it is estimated that stamp duty will decline by €555 million and excise duty by €480 million. I understand why the gain and receipts from excise duty would be less given the measures introduced by the Government in policy changes on excise duty on fuel and so on. However, I would be interested in why the forecast on stamp duty has changed so significantly.