Budget perspectives 2020
The ESRI held its annual conference to discuss policy issues related to the national Budget. Two new papers were launched at the event:Carbon taxes and compensation options and another titled Indexation and benchmarking of taxes and benefits: a framework to address key issues. More information on the two reports is available below.
John McCarthy, Chief Economist for the Economic division at the Department of Finance, presented on the macroeconomic outlook, and Carl Emmerson, Deputy Director of the Institute for Fiscal Studies, discussed pension automatic enrolment.
Registration & Coffee
Alan Barrett, Director, ESRI
Chair: Alan Barrett, Director, ESRI
John McCarthy, Assistant Secretary General and Chief Economist, Department of Finance
Carbon taxes and compensation options
Barra Roantree, ESRI
This paper examines the effects of a €10 per tonne increase in the Irish carbon tax on households’ incomes and rates of fuel poverty, and assess potential options for compensating households. We show that lower income households in particular can be left on average better-off by using the revenues raised to increase social welfare benefits and the state pension.
Chair: John McKeon, Secretary General, Department of Employment Affairs and Social Protection
Pensions automatic enrolment: lessons from the UK experience
Carl Emmerson, Deputy Director, Institute for Fiscal Studies
Indexation and benchmarking of taxes and benefits: a framework to address key issues
Claire Keane, ESRI, and Tim Callan, ESRI
Governments make choices about budgetary policy, with some countries automatically linking increases to benefits and tax bands to expected growth in prices or wages. Others, including Ireland, have no automatic increases each year. In this paper we examine the implications of alternative policies for inequality and poverty, and for the Exchequer.