I propose to take Questions Nos. 328 to 336, inclusive, together.
My Department publishes two sets of forecasts each year in the spring and autumn as part of the Stability Programme Update and Budget, respectively. The macroeconomic forecasts incorporate the latest high frequency data, the impact of any revisions, changes in external demand, commodity prices, interest rates etc. as well as any changes in fiscal policy in the projections. The macroeconomic forecasts are then used a key input to prepare the fiscal projections.
When producing the forecasts, my Department assess the impact of these changes on a holistic basis i.e. assessing the combined impact of these factors rather than isolating the specific elements. As a result, while the second round effects of fiscal policy are incorporated in the projections, my Department does not publish estimates of the specific impact of changes in current and capital expenditure on tax revenue.