Pearse Doherty (Donegal, Sinn Fein)
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177. To ask the Minister for Finance the estimated additional fiscal space that would accrue if the planned reductions to DIRT did not proceed; and if he will make a statement on the matter. [23255/18]

Paschal Donohoe (Dublin Central, Fine Gael)
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Budget 2017 introduced a measure to reduce the rate of Deposit Interest Retention Tax (DIRT) over a 4 year period to reach 33 per cent by 2020. Accordingly, as part of the phased introduction of this policy, the planned reduction in the DIRT rate by 2 per cent in 2019 is estimated to represent a negative discretionary revenue measure of €6.4 million next year. A further reduction of 2 per cent is planned in 2020, and is estimated to also cost an additional €6.4 million.