Dáil Éireann Debate, Wednesday - 7 February 2007
185 Ms Burton asked the Minister for Finance the projected tax revenues for the period of the National Development Plan 2007, indicating where the revenue required each year for the Plan will be sourced; and if he will make a statement on the matter. [3863/07]
View answerThe tax revenue projections for the years 2007 to 2009 are the Budget 2007 projections which are detailed in the table below.
|
Tax Revenue |
2007 |
2008 |
2009 |
|
€m |
€m |
€m |
|
|
Customs |
285 |
305 |
320 |
|
Excise Duties |
6,069 |
6,555 |
6,870 |
|
Capital Gains Tax |
3,345 |
3,605 |
3,855 |
|
Capital Acquisitions Tax |
375 |
405 |
430 |
|
Stamp Duty |
3,925 |
4,125 |
4,300 |
|
Income Tax |
13,555 |
14,060 |
15,095 |
|
Corporation Tax |
6,650 |
7,220 |
7,680 |
|
VAT |
14,870 |
16,360 |
17,715 |
|
Levies |
1 |
— |
— |
|
Total |
49,075 |
52,635 |
56,265 |
For the years 2010 to 2013, my Department took the standard view when making longer term projections that overall tax revenue would grow broadly in line with economic growth over the period. Expenditure on the National Development Plan is based on a prudent budgetary policy, fully consistent with the EU Stability and Growth Pact, that does not add to inflationary pressures within the economy.
