Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation
Dail Éireann — 2026-09-23
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Edward Timmins (FG), Wicklow

As the Minister will know, we will take in approximately €17.5 billion in windfall corporation taxes this year. Our budget surplus of €8 billion looks great but without these windfall corporation taxes, our finances would be in deficit to the tune of €8 billion or €9 billion, which is concerning. It is moving in the wrong direction. I know the Minister is aware of this. Would he consider doing something like what is done in Norway, namely ring-fencing these windfall corporation taxes, or a large proportion of them, and not allowing them to be used for current expenditure? Only what is earned from the fund in which they are held would be used for current expenditure. This would be a way of being fiscally prudent and planning for our future.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-09-23/debate/main
Retrieved: 2026-09-28T05:50:49+00:00
Sitting date: 2026-09-23