Seanad debates

Thursday, 6 October 2011

1:00 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)

Senator Mooney asked about the taxation. There is little enough scope and we have ruled out income tax increases. Therefore, we will have to look at other tax heads. The figure of €3.6 billion is the correction in the breakdown, but it is not the target. The target is a deficit of €8.6 billion. The €3.6 is a variable and the variation will be upward rather than downward.

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