Dáil Éireann Debate, Tuesday - 2 December 2025
173. Deputy Ken O'Flynn asked the Tánaiste and Minister for Finance the proportion of recent windfall corporation tax receipts that has been allocated to permanent spending commitments since 2020; if he will provide a breakdown by year; and if he will clarify the Department's policy on safeguarding against the use of temporary revenues for long-term spending. [67755/25]
Amharc ar fhreagraAs the Deputy will be aware, public expenditure is a matter for my colleague, the Minister for Public Expenditure, Infrastructure, Public Service Reform and Digitalisation.
In relation to windfall corporation tax, this refers to my Department’s estimate for the amount of Exchequer corporation tax receipts that are not linked to the domestic economy. Exchequer tax revenues, including corporation tax receipts, are transferred into the Central Fund.
Central Fund revenues are not hypothecated: it is therefore not possible to describe any particular form of expenditure as being funded by any particular tax heading.
More broadly, this Government has made clear that volatile windfall corporation tax must not be used to fund permanent spending commitments. Action has been taken to address this through the establishment of the Future Ireland Fund and the Infrastructure, Climate and Nature Fund, which have enabled us to set aside a portion of the windfall to prepare for future fiscal challenges.
