The Committee on Budgetary Oversight's report on Tax Expenditures was received in my office on 9 April this year. This report examines the current process by which the Department of Finance reviews and evaluates tax expenditures, and sets out the oversight role that the Committee can have in monitoring and scrutinising this process in future. It sets out four conclusions and makes eight recommendations covering information to be made available; the approach to reviewing tax expenditure measures; as well as ex-ante and ex-post scrutiny of tax expenditure measures.
I welcome the work of the Committee and concur with the conclusions set out in the report. The individual recommendations are currently being considered by my Department, and I hope to be in a position to write to the Committee, in the coming weeks.