Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

It is likely we will have to come back just to address that matter because I want to see the issue dealt with fully.

On the yield, the first nine months of revenue receipts relating to commercial activity was in the order of €6.4 billion. If I look at the continuation of the level of that yield into next year, I believe the yield I have forecast will be delivered. That being said, there are two other factors to be noted about the figures. The first is that the contribution property-related transaction taxes are making to the total figures for the budget next year are 3% of the total value of the revenue needed for 2018, which is significantly lower than that before the crash period. The second is that, as important as the yield is to deliver the overall figures of the budget, there are other reasons for this measure, including shifting, in particular, human capital and workers into other forms of construction, especially the delivery of homes. Reference was made to what the Commission said. It also stated today that the overall figures in the budget and the macroeconomic approach are plausible in terms of delivering the deficit targets for next year.

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