Dáil Éireann Debate, Tuesday - 22 September 2015
358. Deputy Michael McGrath asked the Minister for Finance the extent to which the €1.2 billion to €1.5 billion in fiscal space identified for 2016 is constrained by taxation commitments already entered into; and if he will make a statement on the matter. [31548/15]
Amharc ar fhreagraI assume that the Deputy is referring to the carryover effect of measures previously introduced or due to expire in 2016 and I can assure him that the estimated cost of this carryover was taken fully into account in the calculation of the estimated fiscal space for 2016 of €1.2 billion to €1.5 billion. The reference to the fiscal space in the Spring Economic Statement has a footnote which informs readers that details of the expenditure benchmark calculation will be set out in an annex to the Stability Programme Update (SPU). Line 8 of Table A10 in Annex 1 of the SPU estimated the impact of net discretionary revenue measures to be minus €340 million.
