Written answers
Thursday, 26 September 2019
Department of Finance
Carbon Tax Yield
Catherine Murphy (Kildare North, Social Democrats)
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73. To ask the Minister for Finance the amount collected to date in carbon tax; the methods of dispersing the revenue generated from the tax; the purposes for which the revenue collected from the tax has been used for the past five years; and if he will make a statement on the matter. [39251/19]
Paschal Donohoe (Dublin Central, Fine Gael)
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The total annual net receipts from carbon tax are set out in the following table.
Year | Total Net Receipts |
---|---|
€ | |
2010 | 223,084,537 |
2011 | 298,231,058 |
2012 | 353,954,210 |
2013 | 388,376,990 |
2014 | 385,361,885 |
2015 | 418,996,237 |
2016 | 430,247,558 |
2017 | 419,603,362 |
2018 | 431,131,923 |
Total | 3,348,987,760 |
Carbon tax receipts to end August 2019 were approximately €281,800,000, some €20 million (6.8%) behind forecast.
To date the revenue from carbon tax has been remitted to the central fund and therefore used to fund public services.
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