Dáil Éireann Debate, Wednesday - 1 June 2022
85. Deputy Róisín Shortall asked the Minister for Finance the estimated net effect of carry-over measures for 2023 resulting from Budget 2022 measures; the way in which this is accounted for in the budgetary-stance projections; and if he will make a statement on the matter. [28292/22]
Amharc ar fhreagraI can advise the Deputy that the cash cost of carryover into 2023 of tax measures announced in Budget 2022 is estimated to be in the region of c. €35 million. This impact on the Exchequer is incorporated into the fiscal projections contained in the Stability Programme Update 2022.
It is important to note that the exact impact of carryover on the Exchequer will be reviewed as part of the normal budgetary process, as there are several moving parts to be considered, such as economic growth and specific tax relevant factors, which could impact on the expected return from the measures.
The budgetary stance was set out in the Summer Economic Statement last year. The stance will be assessed in this year’s edition of the Summer Economic Statement, which will be published by Government this summer.
The net carryover effect into next year of Budget 2022 expenditure measures has not yet been published and will be considered as part of the estimates process.
