Dáil Éireann Debate, Tuesday - 11 June 2024
168. Deputy Catherine Murphy asked the Minister for Finance the expected net effect of carryover measures carried over for 2025 as a result of Budget 2024 measures; the way in which it is accounted for in the budgetary stance projections; and if he will make a statement on the matter. [24614/24]
View answerThe Tax Policy Changes document, which was published as part of Budget 2024, set out both the first and full year cost of tax policy measures. Carryover is calculated as the difference between the impact of a measure on a full year and on 2024.
The impact of carryover will be reviewed as part of the normal budgetary process, as there are several moving parts to be considered, such as the take-up of measures and specific tax-relevant factors, which could impact on the expected yield or cost of a given measure.
The budgetary stance for Budget 2025 will be set out in the Summer Economic Statement, which will be published in the coming period.
The net carryover impact into next year of expenditure measures will be considered as part of the estimates process.
