Speaking at a recent ESRI event, Minister for Finance, Paschal Donohoe advised that the Summer Economic Statement will be published in the coming weeks. It will set out the framework for the economic and fiscal discussion surrounding Budget 2023 which, as the Minister noted, is taking place against a backdrop of rising borrowing costs, a worrying reliance on corporate tax receipts, heightened economic and geopolitical uncertainty and inflation.
Commenting on the work of the Commission on Taxation and Welfare, tasked with examining the underlying structural features of the tax and welfare system, the Minister for Finance remarked:
“Its report will contribute to the debate by making recommendations on how Government can best reform these systems to support economic activity, promote employment and ensure that we have the resources available to secure a stable and prosperous future over the medium-to-long term”.