Ministers defend going beyond 5% spending rule

The transcript outlines the economic context and strategy for the upcoming budget, emphasizing the need for careful calibration of budgetary policy. It discusses adjustments made in response to inflation and details the fiscal parameters for Budget 2024, including public spending and tax packages. The strategy aims to maintain public services and protect incomes while ensuring sustainable public finances. It also highlights the importance of using windfall taxes for long-term economic improvements.

What was the annual public expenditure growth rate set in the medium-term budgetary strategy of 2021?

• 5% per annum

• 2% per annum

• 6% per annum

• 3% per annum

What is the total value of the package for Budget 2024?

• €5.2 billion

• €6.4 billion

• €7.1 billion

• €4.8 billion

How much is the net tax package in Budget 2024?

• €2.2 billion

• €1.1 billion

• €3.3 billion

• €4.4 billion

What is the projected government surplus for next year according to the revised fiscal parameters?

• €16.2 billion

• €11.7 billion

• €10 billion

• €8 billion

What is the purpose of using windfall corporate taxes in the budget strategy?

• To reduce government surplus

• To improve the productive capacity of the economy

• To fund short-term projects

• To increase public debt