Written answers

Thursday, 21 July 2011

Department of Finance

Budget Submissions

7:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Question 114: To ask the Minister for Finance if he will provide details of the work which will be carried out by him on the preparation of budget 2012 from the date Dáil Éireann rises to its resumption in September, including details of the expected contact with other Departments; and if he will make a statement on the matter. [22297/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Preparatory work on Budget 2012 is ongoing. Work will continue over the coming weeks and months in the lead up to the 2012 Budget in assessing all of the emerging economic and budgetary data and the implications they might have for 2012 and beyond. I will be kept fully informed of developments by my Department. Work on the Comprehensive Review of Expenditure (CRE) is also ongoing. The CRE will be a critical building block in formulating Government's budgetary policy for 2012 and beyond. The results of the Comprehensive Review process will be brought before Government for consideration and decision in the Budget and Estimates process later this year.

As Minister for Finance, I will be working very closely with the Minister for Public Expenditure and Reform over the coming weeks and months in the preparation of Budget 2012 as the expenditure estimates are obviously a key factor in devising budgetary policy. In that regard, and as is usual every year, the Department of Public Expenditure and Reform will be in contact with all line Departments. In addition, my Department is in routine contact with the Revenue Commissioners on a variety of matters which have a budgetary dimension, including those relating to tax policy and implementation and receipts from taxation. The Tax Strategy Group – an interdepartmental committee chaired by the Department of Finance, with membership comprising senior officials and advisors from other key Departments and the Revenue Commissioners – will also be meeting over the coming months in the lead up to Budget 2012.

My Department will publish a pre-Budget Outlook in October and it is intended that Budget 2012 will be presented to Dáil Éireann in early December, although the exact date has yet to be decided.

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