Billy Kelleher
Question:123. Deputy Billy Kelleher asked the Minister for Education and Skills the annual forecasts for the National Training Fund levy in each year over the next five years, in tabular form. [29930/18]
View answerThursday, 5 July 2018
Questions (123)
Written answers
The table sets out the annual forecasts for National Training Fund levy receipts for 2019 to 2021, based on different levy rates. As part of Budget 2018, the Minister for Finance and Public Expenditure and Reform announced a rise of the levy to 0.8% and indicated that the levy will rise to 0.9% in 2019 and to 1.0% in 2020 subject to the implementation of necessary reforms.
These forecasts were provided by the Department of Employment Affairs and Social Protection and are based on macroeconomic employment and wage projections, which are not currently available beyond 2021.
The expenditure ceiling for the National Training Fund is set as part of the Estimates process, having regard to the Government's overall budgetary and fiscal stance, and so the amount available for expenditure in any given year may vary from the forecast income.
|
2019 |
2020 |
2021 |
|
|
Income generated from 0.8% levy (current rate) |
€589.2m |
€620.1m |
€650.3m |
|
Income generated from increase to 0.9% levy from 2019 |
€662.1m |
€703m |
€737m |
|
Income generated from increase to 0.9% levy from 2019 and 1% from 2020 |
€662.1m |
€780.5m |
€824.9m |