Dáil Éireann Debate, Tuesday - 5 November 2013
203. Deputy Róisín Shortall asked the Minister for Finance further to Parliamentary Question No. 90 of 24 October 2013, if he will provide a breakdown of the measures that contributed to the respective savings categorised as increase in savings from prior year measures, capital expenditure measures, Revenue carryover, and other. [46580/13]
View answerIn the answer to Parliamentary Question No. 90 of 24 October this year I provided a breakdown of the measures that made up the budgetary adjustment contained in Budget 2014. This included an estimate of around €0.5 billion in revenue carryover. The most significant element of this carryover is an estimated €300 million from the Local Property Tax. It also contains €120 million from the estimated yield from changes to the maximum allowable pension fund at retirement for tax purposes which was first announced in Budget 2013. In addition, it includes around €60 million in income tax carryover as well as an estimate of the order of €50 million resulting from changes to PRSI. There are also some smaller carryover measures, both positive and negative, which, when all told amount to around €530 million. The savings from prior year measures and capital expenditure measures are the responsibility of my colleague the Minister for Public Expenditure and Reform, but details about the expenditure carryover measures are included in the Expenditure Report 2013 published in December 2012.
