Pearse Doherty
Question:143. Deputy Pearse Doherty asked the Minister for Finance the detailed allocation for fiscal space in budget 2018; and if he will make a statement on the matter. [43986/17]
View answerTuesday, 17 October 2017
Questions (143)
Written answers
The allocation for fiscal space in Budget 2018 was flagged in note 2, table A8 of the Economic and Fiscal Outlook of Budget 2018 book as being unchanged from that which was presented in Summer Economic Statement 2017. In my Budget 2018 speech, I announced that the remaining unallocated fiscal space for 2018 would amount to a little over €500 million in nominal terms, and that €180 million of that had since been committed to the Public Service Stability Agreement. To augment the remaining fiscal space, I introduced a range of discretionary revenue measures as set out in the Tax Policy Changes document published on Budget day.
As I am sure the Deputy is aware, the distribution of the Budget day package resulted in additional expenditure measures of just under €900 million and tax reductions of €335 million.