Richard Bruton (Dublin North Central, Fine Gael)
Link to this: Individually | In context

Question 148: To ask the Minister for Finance his estimate of the receipts from income tax, from the health levy, the social insurance levy, the special income tax levy, the public service pension levy in 2009; and the forecast for 2010. [40988/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

The Supplementary Budget forecast that €12.5 billion in Income Tax receipts would be collected in 2009, of which approximately €1.1 billion would come from the Income Levy. At end-October, Income Tax was €625 million behind profile with overall tax receipts €1,074 million below target. My Department now expects that overall tax revenues will finish the year in the region of €2 billion below profile.

The Revised Estimates for Public Services 2009 (REV) estimated that for 2009 receipts for the Health Levy would be €1,892 million and that Pay Related Social Insurance (PRSI) contributions would be €7,500 million. In the REV, it was estimated that receipts from the Public Service pension-related deduction in 2009 would be approximately €940 million.

The Pre-Budget Outlook will update the macroeconomic projections for the period 2009-2013. As part of that process, my Department will also set out a technical fiscal forecast on a pre-Budget basis for 2010 and beyond. The Pre-Budget Outlook will be published tomorrow. November is a key month for tax returns and, as usual, the November Exchequer Returns will be published on 2nd December and will give further indications as to the end-year outturn. The White Paper will then be published on 5th December and will set out tax forecasts for 2010 on a technical basis. As is customary, Post-Budget forecasts for both taxes and the levies will be announced in the context of Budget 2010.