Dáil debates
Tuesday, 21 March 2006
Proposed Legislation.
3:00 pm
Noel Ahern (Dublin North West, Fianna Fail)
I have no plans to introduce further dormant accounts legislation. As I indicated in reply to Question No. 913 on this topic on 25 January 2006, the Government is fully committed to providing supports to vulnerable Irish communities living abroad. This commitment is clearly demonstrated by the allocation of significant funding directly from the Exchequer to support emigrant organisations. In 2005 alone, more than €8.25 million was allocated for such services and this figure will increase by 45% in 2006 to more than €12 million. This allocation demonstrates the Government's continued commitment to funding emigrant organisations without the need to expend time and resources on new legislation or to specifically earmark dormant accounts funding.
With regard to the dormant accounts fund, disbursements are designed to assist three broad categories of persons, those who are economically or socially disadvantaged, those who are educationally disadvantaged and persons with a disability. In light of the significant funding for emigrant organisations as outlined above, I intend that allocations from dormant accounts in 2006 will remain focused on tackling disadvantage in Ireland. In this regard, following Government approval, I announced details on 4 January 2006 concerning the allocation of €24 million for the purpose of supporting programmes and projects tackling economic and social disadvantage.
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