Dr. Martin O'Brien:

From a public finances perspective, the ICNF and the Future Ireland Fund were mentioned. Beyond that, the best buffer would be to broaden the tax base. That would copper-fasten the potential for more sustainable growth in tax receipts more generally on a more certain basis. As was mentioned, I can tell the committee within a certain level of certainty that if the economy is about to grow by 2% to 3%, income tax will grow by X% and VAT will grow by Y%. I cannot tell the committee that for corporation tax. There is no real sense for us to be able to say our revenue base over the longer term would be more sustainable. That is what we spoke about in terms of building buffers. More generally, there is investment in and delivery of infrastructure. Planning delays and issues were mentioned. Reducing them and effective delivery of that type of infrastructure is how we build buffers for the future.