Results 22,701-22,720 of 33,049 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Credit Availability (28 Sep 2017)

Paschal Donohoe: I assume that the Deputy is referring to the banks in which the State is an equity shareholder and will answer the question on that basis; I would note for clarity that this does not equate to being "State funded". I have received the following responses to the Deputy's question: AIB: "AIB supports proven developers in locations where there is demand for new product across the country....

Written Answers — Department of Finance: Interest Rates (28 Sep 2017)

Paschal Donohoe: I am informed by the Ireland Strategic Investment Fund (ISIF), which is a co-investor in Activate Capital, that the Activate base lending rate depends on the extent of leverage advanced and the risk characteristics of each specific project and would typically range from circa 6% to 10%.  Activate may provide up to 90% of the funding requirement for an individual project, and this...

Written Answers — Department of Finance: Tracker Mortgage Examination (28 Sep 2017)

Paschal Donohoe: The Central Bank has advised that it is acutely aware of the unacceptable impact that lenders’ failures have had on impacted PDH and BTL tracker mortgage customers. Although a significant portion of the lenders’ failures occurred prior to the introduction of the Central Bank’s customer redress powers in the Central Bank (Supervision and Enforcement) Act 2013, the...

Written Answers — Department of Finance: Insurance Compensation Fund (28 Sep 2017)

Paschal Donohoe: Setanta Insurance was placed into liquidation by the Malta Financial Services Authority on 30 April 2014. As it was a Maltese incorporated company, the liquidation is being carried out under Maltese law. As you are aware, the Supreme Court delivered its judgment on 25 May 2017 and overturned the previous decisions of the High Court and the Court of Appeal that the Motor Insurers’...

Written Answers — Department of Finance: State Aid Investigations (28 Sep 2017)

Paschal Donohoe: I wish to advise the Deputy that the position is unchanged since my response to Parliamentary Question 120 of 13 July 2017, available via: The timing of any decision is solely a matter for the European Commission and I do not have an expected timeframe in this regard.

Written Answers — Department of Finance: VAT Yield (28 Sep 2017)

Paschal Donohoe: I am advised by the Revenue Commissioners that the most recent estimate for reverting the reduced 9% VAT rate back to 13.5% is that it would result in extra revenue in the region of €491 million.  A pre-Budget 2018 Ready Reckoner is available on the Revenue Commissioners website at: .  On page 26, this Ready Reckoner shows the impact of a 1% increase in the 9% rate to...

Written Answers — Department of Finance: Tax Yield (28 Sep 2017)

Paschal Donohoe: I am advised by Revenue that the estimated first and full year cost to the Exchequer of increasing the entry point to the 40% Income Tax rate for all income earners to €150,000 is in the order of €4,257 million and €4,915 million respectively.  This change in the Income Tax structure would mean that the 40% Income Tax rate would only begin to apply on gross income...

Written Answers — Department of Finance: Tax Yield (28 Sep 2017)

Paschal Donohoe: A Pre-Budget 2018 Ready Reckoner is available on the Revenue Statistics webpage at . In relation to the Deputy's question, this Ready Reckoner shows a wide range of estimated costs including, on Page 6, the estimated cost to the Exchequer of changes to the earned income tax credit.

Written Answers — Department of Public Expenditure and Reform: Departmental Staff Recruitment (28 Sep 2017)

Paschal Donohoe: As the Deputy will be aware, recruitment to the Public sector may be conducted by the various employing organisations.  The Public Appointments Services (PAS) is an independent statutory body which provides professional recruitment and selection services when requested to the civil and public service under licence from the Commission for Public Service Appointments (CPSA).  As a...

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I thank the Chairperson and members of the committee for the opportunity to come before them as part of the ex-ante scrutiny of budget 2018 and I look forward to a good exchange. During the summer, two main elements of the pre-budgetary process took place with the national economic dialogue being held in June and the publication of the summer economic statement shortly afterwards. The...

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I will begin with charities. I am aware of this matter and a number of Members of the Houses have raised with me. I am examining whether such a measure could be implemented on budget day. I am not in a position to go into the detail of particular measures; it is just a case of whether I can introduce them. That is a matter I will address on the day of the budget. One of the issues I will...

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I ask the Deputy to clarify the rise to which he is referring.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I will begin where the Deputy ended, on the international environment and statements by President Trump. I will not comment on initiatives that might be the subject of debate in another political system and country. It will make choices on what it will do. It is very important that we are crystal clear on the nature of our competitiveness and the proposition we offer for attracting and...

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I will deal with that on budget day. The Department has made available to me its views on the performance of that rate and if I have to comment on every individual tax measure I may or may not make we will not have a budget and we will end up with changes in the economy tomorrow that will affect how we expect it to perform.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: We expect to deliver the income tax figures that we set out for this year and I will be certain that the income tax collection figures we set out for next year will have the same level of certainty we had in other years when we have delivered them or have come close to delivering them.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: Every other Department had to, and did, absorb the impact of the stabilisation programme I put in place in respect of the Lansdowne Road Agreement. By and large all Departments have absorbed that into their running costs, as I would have expected. I know and see regularly that there is pressure in the hospital group mainly, as overseen by the HSE, and I will work with the Minister for...

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I thank the Deputy. To answer the first question, when I was performing my role in the Department of Public Expenditure and Reform in the early part of this Dáil and in my decisions as Minister for Transport, Tourism and Sport, I prioritised public transport. I have made decisions that reflect that.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: When the Luas cross city project is complete, a whole lot of other transport projects will take its place. None will be equal in size to Luas cross city but many other projects will be moving forward to take its place to deliver better public transport for people. I am committed to working with the Minister, Deputy Ross, in the context of this budget to look at how we can improve public...

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: I do not know if the Deputy has seen the recently opened new cycle lane that travels from Clontarf, into the north strand and on into the city centre. The initiative is an example of the kind of progress that the Deputy seeks.

Committee on Budgetary Oversight: Business of Select Committee
Ex-ante Scrutiny of Budget 2018 (Resumed): Minister for Finance (27 Sep 2017)

Paschal Donohoe: No.