Dáil Éireann Debate, Thursday - 20 October 2016
139. Deputy Róisín Shortall asked the Minister for Social Protection the way under Vote 37, it is expected that social insurance contributions will increase by 8%, while the Minister for Finance expects aggregate compensation for employees to increase by just 4.9%; and the expected percentage increases over 2016 assumed for employee, employer and self-employed contributions on which this figure is based. [31256/16]
View answerThe 2017 Expenditure Report, published by the Department of Public Expenditure and Reform on Budget Day, provides for Social Insurance Fund (SIF) income of €9,599 million in 2017, up from the €8,883 million published late last year in the Revised Estimates Volume. The estimate for 2017 takes account of:
- the trends in SIF income to date in 2016. At the end of September, SIF income is €164 million ahead of profile in the year to date and
- the earnings and employment macroeconomic indicators provided by the Department of Finance for 2017.
Data on the component elements of 2016 SIF income will not be available until 2017 (when the various statutory returns are made by employers and the self-employed) and, accordingly, it is not possible to disaggregate these elements in relation to the 2017 projection.
