Results 20,901-20,920 of 27,019 for speaker:Michael Noonan

Written Answers — Economic Growth: Economic Growth (20 Jun 2012)

Michael Noonan: While the economy is growing again, it will take time for export growth to feed through to the labour market and the domestic economy. This is because it will take households, firms, and government time to work through the imbalances which had built up during the boom. The Government is acutely aware of the headwinds which the domestic economy faces in this regard. We have therefore taken a...

Written Answers — House Prices: House Prices (20 Jun 2012)

Michael Noonan: In line with the commitment in the Programme for Government, in Budget 2012, I increased the rate of mortgage interest relief to 30% for first-time buyers who purchased homes between 2004 and 2008. This, I believe, will go some way to helping mortgage holders who purchased at the peak of the housing market. Under the current system, mortgage interest relief is set to be abolished in 2013....

Written Answers — Credit Availability: Credit Availability (20 Jun 2012)

Michael Noonan: The Central Bank publishes quarterly figures on credit advanced by Irish resident credit institutions to Irish resident SMEs. The figures are available to download at http://www.centralbank.ie/polstats/stats/cmab/Pages/Business Credit.aspx and the latest table is also attached. In relation to the total outstanding stock of loans to SMEs, there are three figures for consideration, as shown in...

Written Answers — Exchequer Revenue: Exchequer Revenue (20 Jun 2012)

Michael Noonan: A breakdown of Exchequer Non-Tax revenue is provided in the table below for the 2011 outturn and forecasts for 2012 and 2013. Exchequer Non-Tax Revenue (€ billions) 2011 2012 2013 Central Bank Surplus Income 0.67 0.96 0.92 National Lottery Surplus 0.23 0.22 0.22 Bank Guarantee Fees 1.24 0.98 0.36 Other Surplus Income/Royalties 0.00 0.00 0.00 Interest on Loans (including on Contingent...

Written Answers — Banks Recapitalisation: Banks Recapitalisation (20 Jun 2012)

Michael Noonan: The State's holding in AIB and BofI is held through the NPRF, the State's holding in IL&P and in IBRC is held directly by the Minister for Finance. The following table provides comprehensive detail on the State's holdings in the covered banks: Current State Ownership AIB/EBS BoI IL&P Anglo/INBS Total State Ownership of Ordinary Shares 99.8% 15.1% 99.2% 100% n/a Contingent Capital Notes...

Written Answers — Government Revenue and Expenditure: Government Revenue and Expenditure (20 Jun 2012)

Michael Noonan: The monthly Exchequer Statement published by my Department presents the cumulative receipts into and issues from the Exchequer Account for the year to date. The voted expenditure issues are based on the estimated requirements of Departments and Offices from the Supply Account of the Paymaster General and are net of appropriations-in-aid and thus funded on a net basis from the Exchequer...

Written Answers — Credit Unions: Credit Unions (20 Jun 2012)

Michael Noonan: The Report of the Commission on Credit Unions identified 51 credit unions at 31 December 2011 with total realised reserves below 10%, of which 25 credit unions were seriously undercapitalised with reserves below 7.5%. The Report noted that, since December 2011, some credit unions have been assisted by private funds to address this position. The Irish League of Credit Unions (ILCU) has since...

Written Answers — Credit Unions: Credit Unions (20 Jun 2012)

Michael Noonan: The Commission on Credit Unions presented its report to me on 18 April 2012. The Report recommended that the credit union sector be restructured on a voluntary, time-bound and incentivised basis. The Report set out a timescale for the completion of the restructuring process by the end of 2015. Restructuring is to be facilitated by the Credit Union Restructuring Board (the ReBo)....

Written Answers — National Asset Management Agency: National Asset Management Agency (20 Jun 2012)

Michael Noonan: As the deputy is aware NAMA acquired a distressed loan portfolio from 5 participating institutions. The NAMA Report for the fourth quarter of 2011 confirms that, of the loans transferred to end December 2011, 20% of the nominal debt was classified as performing and 80% was reported as non-performing. This is a disimprovement on the third quarter when 21% of the nominal debt was classified...

Written Answers — EU-IMF Programme: EU-IMF Programme (20 Jun 2012)

Michael Noonan: Under Ireland's EU-IMF Programme of Financial Support, which is due to expire at the end of 2013, a total of €67.5 billion in loans will be provided from the EU facilities, bilateral loans and the IMF. At the 15th of June 2012, Ireland's net borrowings under the EU/IMF Programme amounted to €49.42 billion. The following table gives an updated breakdown of the loans drawn-down by...

Written Answers — National Asset Management Agency: National Asset Management Agency (20 Jun 2012)

Michael Noonan: I am informed by the National Treasury Management Agency (NTMA) that the balances held by the Agency as at 31 May 2012 were as follows: NTMA Cash balances at Central Bank 31/05/2012 € Million Exchequer Account 13,503 Capital Services Redemption Account 50 Post Office Savings Bank Fund 319 National Loans Advance Interest Account 14 National Loans winding Up Accounts 3 Unclaimed...

European Stability Mechanism Bill 2012: Report and Final Stages (20 Jun 2012)

Michael Noonan: I move amendment No. 1: In page 7, line 45, to delete "Stait" and substitute "Stáit". During Committee Stage last week I indicated I would bring forward on Report Stage amendments to the Irish language version of the treaty, as held by the European Commission. The amendments are necessary to ensure consistency of the Irish translation of the treaty with other language translations and to...

European Stability Mechanism Bill 2012: Report and Final Stages (20 Jun 2012)

Michael Noonan: I move amendment No. 2: In page 7, line 48, to delete "fioscach" and substitute "buiséadach".

European Stability Mechanism Bill 2012: Report and Final Stages (20 Jun 2012)

Michael Noonan: I move amendment No. 3: In page 8, line 4, to delete "fhioscach" and substitute "bhuiséadach".

European Stability Mechanism Bill 2012: Report and Final Stages (20 Jun 2012)

Michael Noonan: I move amendment No. 4: In page 8, line 8, to delete "teagmhasach" and substitute "coinníollach".

European Stability Mechanism Bill 2012: Report and Final Stages (20 Jun 2012)

Michael Noonan: I move amendment No. 5: In page 9, line 30, to delete "chomhionainn" and substitute "choibhéisigh".

European Stability Mechanism Bill 2012: Report and Final Stages (20 Jun 2012)

Michael Noonan: I move amendment No. 6: In page 9, line 40, to delete "de pháirt" and substitute "ar thaobh amháin".

European Stability Mechanism Bill 2012: Report and Final Stages (20 Jun 2012)

Michael Noonan: I move amendment No. 7: In page 9, line 41, to delete "den pháirt eile" and substitute "ar an taobh eile".

European Stability Mechanism Bill 2012: Report and Final Stages (20 Jun 2012)

Michael Noonan: I move amendment No. 8: In page 25, line 18, to delete "aici" and substitute "aige".

European Stability Mechanism Bill 2012: Report and Final Stages (20 Jun 2012)

Michael Noonan: I move amendment No. 9: In page 25, line 27, to delete "a maoin, a cistiú agus a sócmhainní" and substitute "a mhaoin, a chistiú agus a shócmhainní".