Oireachtas Joint and Select Committees
Wednesday, 12 July 2023
Committee on Budgetary Oversight
Summer Economic Statement 2023: Discussion
Patricia Ryan (Kildare South, Sinn Fein)
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With regard to the projected increase in age-related expenditure, what provisions will be set to replace the National Pensions Reserve Fund, which was decimated in 2010 to recapitalise the banks?
My second question is about the Government intention, stated on page 28 of the annexe, to increase social insurance contributions to partly offset age-related expenditure increases. Would the Minister see an alternative measure being re-evaluating the current charitable status of vulture funds, bringing them into tax net and using those receipts to fund increased expenditure rather than further burdening ordinary people?