Written answers

Thursday, 17 July 2014

Photo of Catherine MurphyCatherine Murphy (Kildare North, Independent)
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88. To ask the Minister for Finance when the results of the household finance and consumption survey will be available; if these data will be of any practical use to his Department in terms of formulating tax policy; his plans to use the data to this end; and if he will make a statement on the matter. [32387/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Questions in relation to the compilation of statistics by the CSO can be directed to the Taoiseach/Department of the Taoiseach. I am advised that the Household Finance and Consumption Survey (HFCS) is a household survey conducted by the Central Statistics Office as part of a programme of similar surveys in Eurozone countries. I understand that the results of this survey are not yet available for Ireland. The main aim of the HFCS is to provide structural information on households' assets and liabilities, based on a representative sample of households. This will address gaps in knowledge about the economic well-being of households, the distribution and type of wealth and liabilities among households and individuals, as well as the factors that affect financial planning by households and individuals.  Such information may be relevant to the formulation of tax policy and I look forward to seeing the results of the HFCS. 

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