Tuesday, 3 February 2004

Questions (146)

Seymour Crawford

Question:

275 Mr. Crawford asked the Minister for Finance the gains he hopes to achieve on an annual basis from the 5 cent increase on a litre of diesel and petrol; if any of that money is earmarked for road improvements and road safety measures; and if he will make a statement on the matter. [2838/04]

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Written answers (Question to Minister for Finance)

I am informed by the Revenue Commissioners that the extra revenue that could be expected following my budget increase of 5 cent, VAT inclusive, per litre on diesel and petrol, is expected to be in the region of €89 million for petrol, and €95 million for diesel. Revenue from such excise duties forms part of Government revenue which funds public services generally.