Written answers
Tuesday, 3 November 2009
Department of Finance
Fiscal Policy
8:00 pm
Bernard Durkan (Kildare North, Fine Gael)
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Question 285: To ask the Minister for Finance the extent to which receipts through the various forms of taxation are likely to form the basis for budgetary policy in the next 12 months; and if he will make a statement on the matter. [38142/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Based on the emerging data, tax receipts for the year as a whole are now anticipated to be in the region of €32 billion. This revised position, down from the €34.4 billion set out in the April Supplementary Budget, was signalled at the end-September Exchequer Returns.
This weaker tax base forms the aggregate basis for revenue next year. Trends in incoming tax receipts are continually analysed by my Department and the prospective end-year outturn kept under constant review. The Pre-Budget Outlook, which my Department plans to publish in mid-November, will provide an update on the macroeconomic outlook and set out a technical fiscal forecast, including tax revenue for 2010. The Budget will be published on 9 December and will provide a post-Budget assessment taking account of policy decisions.
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