As the Deputy will be aware, the Government has already intervened to help absorb the impact of rising energy prices for households and businesses with two packages of measures worth over €750 million. The first package of measures introduced in March reduced excise on fuel, cut the National Oil Reserves Agency, NORA, levy to a nominal amount and enhanced the diesel rebate scheme. We also extended the fuel allowance season by an additional four weeks. This meant that 470,000 households received additional financial support, an extra €152 in total. A further package of measures was introduced in April. Excise on fuel was cut further, bringing the total reduction in diesel to 32 cent per litre, 27 cent per litre for petrol and 7.4 cent per litre for green diesel. We are also delaying the scheduled increase in carbon tax and introducing a support subsidy schemes aimed at key productive sectors of our economy, both haulage and agriculture. We have shown we are not afraid to act when the circumstances demand action but we have also been clear that the best way to manage the State's finances is as part of a carefully considered annual budget process. I emphasise that the Government’s response has been made possible because of the resources we have thanks to the careful management of our public finances. We have run surpluses for consecutive years. Running surpluses has not always been popular, but it has given us the flexibility and agility to respond swiftly and forcefully to this shock.
The resources of the State are not infinite. There are still vulnerabilities in our public finances. Around €1 in every €6 paid in tax comes from about ten firms in the country. The vulnerability around what we refer to as windfall tax receipts is real. We are highly exposed to any deterioration in the global economy and there are structural changes on the horizon that must be prepared for. That is why it is important that we get into that annual budget cycle.
I accept the Deputy’s point. People are feeling the pressure and, as a result of the war in Iran, inflation is higher this year than it was expected to be. The focus in the budget will be to see what measures we can take in a rounded way to try to assist people, including in a structural way, with the charges that families and businesses face.