Pearse Doherty (Donegal South West, Sinn Fein)
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304. To ask the Minister for Finance the nominal value of the 2% indexation of the income tax system, as referred to in the 2015 stability programme update for the years 2016 to 2020. [20645/15]

Michael Noonan (Limerick City, Fine Gael)
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In relation to the fiscal outlook post 2016 projections, the 2015 Stability Programme Update incorporates a technical assumption in respect of the income tax system.  The assumption allows for the indexation of the income tax system of around 2 per cent, which is line with the medium-term increase in non-agriculture wages and equates to a nominal value of approximately €300 million in respect of each full year.