Catherine Connolly
Question:210. Deputy Catherine Connolly asked the Minister for Finance the adjustment made for indexation of income tax bands and income tax rates when calculating the budgetary stance for Budget 2024. [23763/23]
View answerThursday, 18 May 2023
Questions (210)
Written answers
The Programme for Government commits to indexing income tax credits and bands, as incomes rise, to prevent an increase in the real burden of tax and to ensure that low-income workers are not brought into the tax net.
The medium-term budgetary strategy set out in the Summer Economic Statement 2021 assumes a tax package of €500 million each year. This assumption will be reviewed as part of the assessment of the overall budgetary stance set out in the Summer Economic Statement 2023, which will be published in the coming months.