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Universal Service Charge: Motion (Resumed) (30 Mar 2011)

Brian Lenihan Jnr: Fianna Fáil does not intend to vote on this motion. We do not agree with the economic analysis of the Sinn Féin approach and we are not convinced that the Government review will establish many changes with regard to the USC. However, we welcome the review, and the motion, as an opportunity to discuss the issue. The review is an opportunity, in the normal course of things, for the...

Universal Service Charge: Motion (Resumed) (30 Mar 2011)

Brian Lenihan Jnr: We all have to contribute according to our means. No one can be left in a position in which they contribute nothing at all. The OECD study is very clear. Ireland has one of the most progressive income tax systems in the world. The thinking behind the universal social charge was to consolidate the income levy with the health charge and, in time, with PRSI. This would have ensured there...

Universal Service Charge: Motion (Resumed) (30 Mar 2011)

Brian Lenihan Jnr: One of them was Fine Gael's director of elections.

Universal Service Charge: Motion (Resumed) (30 Mar 2011)

Brian Lenihan Jnr: No.

Universal Service Charge: Motion (Resumed) (30 Mar 2011)

Brian Lenihan Jnr: The OECD does not agree.

Universal Service Charge: Motion (Resumed) (30 Mar 2011)

Brian Lenihan Jnr: Northern Ireland would have been in the IMF since 1922.

Order of Business (24 Mar 2011)

Brian Lenihan Jnr: The Governor of the Central Bank has indicated that the stress tests on the banking system will be announced by this day week. On all previous occasions when such stress tests were made, the Minister for Finance made a statement in the House responding to the results of the stress tests conducted by the Central Bank, indicating how the capital shortfalls, burden sharing or other arrangements...

Order of Business (24 Mar 2011)

Brian Lenihan Jnr: -----that a statement is made in this House outlining the Government's precise position on the issue. Nothing would damage our international reputation more than uncertainty on an issue of that character.

Order of Business (24 Mar 2011)

Brian Lenihan Jnr: Will that be a statement to the House?

Order of Business (24 Mar 2011)

Brian Lenihan Jnr: No, I indicated that I agree to the Order of Business. I was waiting to raise a point when the timing arrangements had been agreed.

Written Answers — Fiscal Policy: Fiscal Policy (23 Mar 2011)

Brian Lenihan Jnr: Question 39: To ask the Minister for Finance his estimate of the fiscal correction for each of the years 2012, 2013, 2014 and 2015 in order to achieve the programme for Government's stated objective of reducing the deficit to 3% of GDP by 2015. [5417/11]

Written Answers — Fiscal Policy: Fiscal Policy (23 Mar 2011)

Brian Lenihan Jnr: Question 46: To ask the Minister for Finance if he will confirm the status of the fiscal targets set out in the National Recovery Plan 2011- 2014 [5519/11]

Corporation Tax: Motion (Resumed) (23 Mar 2011)

Brian Lenihan Jnr: This evening, we learned from Government sources that the question of an interest rate reduction will not arise in the discussions at the summit the Taoiseach will attend later this week. Plainly, the issue has been deferred to a later day. I understand there are important elections in Germany that make it difficult for Germany to agree or to be seen to agree any interest rate decrease for...

Fiscal Policy (23 Mar 2011)

Brian Lenihan Jnr: Does the Minister accept that at the time of his accession to office, the Commission already strongly supported this reduction but that his difficulty has been in persuading the other sovereign states participating in the EFSF arrangement of the validity of our case? That is where matters lay when the Minister took up office and they have not really changed since. There is still a...

Fiscal Policy (23 Mar 2011)

Brian Lenihan Jnr: Does the Minister accept that the amount of the reduction does not impact significantly on the question of debt sustainability in the future and the risks which the Minister has identified in that regard?

Tax Code (23 Mar 2011)

Brian Lenihan Jnr: Considerable progress was made in the previous budget on the unification of the amount of PRSI at the employee level. Will the review examine whether PRSI should be consolidated with the universal social charge in the next budget?

Fiscal Policy (23 Mar 2011)

Brian Lenihan Jnr: As of today, the Government stands over the budget.

Banks Recapitalisation (23 Mar 2011)

Brian Lenihan Jnr: Burden sharing is established in respect of subordinated instruments. When the Minister refers to burden sharing, I take it that he is discussing unguaranteed debt in the banks rather than guaranteed debt or sovereign debt. I would like clarification on this issue. Regarding the rather undifferentiated language about burning bondholders, does the Minister accept that our banking system is...

Department of Finance (23 Mar 2011)

Brian Lenihan Jnr: Question 9: To ask the Minister for Finance if he will provide the precise arrangements for the division of the Department of Finance into two Departments; the proposed distribution of the current business of the Departments between the two new Departments and the implications for staff; and if he will make a statement on the matter. [5517/11]

Department of Finance (23 Mar 2011)

Brian Lenihan Jnr: I thank the Minister for his reply; I wish him well in his office and congratulate him on his appointment. I had not done so in the Chamber yet. He has an onerous task before him. I take it the Vote officers in the sectoral policy division will be transferred to the new Department so that the detailed supervision of expenditure on an ongoing basis will be the responsibility of the new...

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