Written answers

Tuesday, 23 April 2013

Department of Finance

Universal Social Charge Payments

Photo of Andrew DoyleAndrew Doyle (Wicklow, Fine Gael)
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248. To ask the Minister for Finance where the money collected from the universal social charge is allocated to; the section that benefits from it; and if he will make a statement on the matter. [18900/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The Universal Social Charge (USC) was introduced in Budget 2011 and replaced the Health Levy and the Income Levy. It is a more equitable charge and has a wider base and a lower rate when compared to the combined impact of the Income and the Health Levies. Tax revenues are not generally assigned to particular areas of expenditure. Rather they are available, along with non-tax revenues, capital receipts as well as moneys sourced from borrowing to fund overall expenditure.

Regarding the sections that benefit from the Central Fund, the Department of Public Expenditure and Reform published the “Revised Estimates for Public Services in 2013” on the 17th of April. This sets out the voted expenditure allocations for every Government Department and Office. Details of non-voted expenditure are listed in the notes to the Exchequer statement, published on the Department of Finance’s website on the second working day of each month.

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