Written answers

Tuesday, 5 July 2011

9:00 pm

Photo of Gerry AdamsGerry Adams (Louth, Sinn Fein)
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Question 67: To ask the Minister for Finance his views of the compatibility of the requirements on personal income tax bands and credits contained in the EU-IMF support programme with the commitments contained in the programme for Government to maintain the current rates of income tax together with bands and credits. [18600/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The Programme for Government states that as part of the Government's fiscal strategy we will maintain the current rates of income tax together with bands and credits. As the Deputy is aware, the Government has initiated a Comprehensive Review of Expenditure (CRE) to provide the Government with a set of decision options to meet the overall fiscal consolidation objectives and re-align spending with the Programme for Government priorities. The CRE is due to be completed by end September 2011.

When this review is complete, the Government will examine the findings and, based on these findings and consultation with the Troika, will introduce fiscally neutral changes to the detail of the EU /IMF Programme of Financial Support for Ireland while maintaining the overall commitment to fiscal consolidation.

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