Michael McGrath (Cork South Central, Fianna Fail)
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86. To ask the Minister for Finance the projected change in tax revenue in 2018 and 2019 arising from the British referendum result; and if he will make a statement on the matter. [19012/16]

Michael Noonan (Limerick City, Fine Gael)
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As set out in the macroeconomic assessment of a UK decision to leave the European Union in the Summer Economic Statement 2016, there will be an adverse impact on the growth outlook.  However, with regard to the tax revenue forecasts for 2018 and 2019, as the Deputy will appreciate, at this point, it is far too early to speculate on the potential impacts.  My Department's next official forecasts will be in October in the context of the Budget.  These will set out updated estimates of economic growth, the public finances and fiscal space.