Ireland relies on a narrow range of activities for our tax yield

Finance Minister Paschal Donohoe, Taoiseach Micheál Martin, and Minister for Public Expenditure Michael McGrath at the National Economic Dialogue — an annual forum for government, politicians, and civil society representatives to discuss the shape of taxation and expenditure policies. Picture: Sasko Lazarov/RollingNews.ie
Between the breakdown of pay talks at the Labour Relations Commission and the restoration of wages to our top public servants, public-sector pay and conditions have dominated the news cycle.
No wonder Public Expenditure Minister Michael McGrath was prompted to remind attendees at the National Economic Dialogue last Monday that public-sector pay accounted for approximately one third of total Government expenditure.