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Fiscal Policy.

Dáil Éireann Debate, Tuesday - 3 November 2009

Tuesday, 3 November 2009

Ceisteanna (221)

Bernard J. Durkan

Ceist:

285 Deputy Bernard J. Durkan asked the Minister for Finance the extent to which receipts through the various forms of taxation are likely to form the basis for budgetary policy in the next 12 months; and if he will make a statement on the matter. [38142/09]

Amharc ar fhreagra

Freagraí scríofa

Based on the emerging data, tax receipts for the year as a whole are now anticipated to be in the region of €32 billion. This revised position, down from the €34.4 billion set out in the April Supplementary Budget, was signalled at the end-September Exchequer Returns.

This weaker tax base forms the aggregate basis for revenue next year. Trends in incoming tax receipts are continually analysed by my Department and the prospective end-year outturn kept under constant review. The Pre-Budget Outlook, which my Department plans to publish in mid-November, will provide an update on the macroeconomic outlook and set out a technical fiscal forecast, including tax revenue for 2010. The Budget will be published on 9 December and will provide a post-Budget assessment taking account of policy decisions.

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