Results 24,501-24,520 of 27,945 for speaker:Michael McGrath
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: That is not in reference to public sector pensions. The Minister is referring to pensions paid through the social welfare code.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: So the Minister is not talking about the State contributory and non-contributory pensions. He is building on the reforms in the Bill of the Minister for Public Expenditure and Reform.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: Is that in respect of pensions paid to retired public servants?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: Does the Minister wish to elaborate on what may be involved in that?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: The Minister does not want to take the opportunity to inform the committee.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: I move amendment No. 12: In page 8, subsection (4)(b), line 22, after “Pact” to insert the following:"taking in to account the future pension liabilities of the State".
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: I move amendment No. 13: In page 8, subsection (4), between lines 22 and 23, to insert the following:"(c) provide an assessment of the sustainability of the debt position of the State taking account of the taxable base of the State and the ratio of General Government Deficit to Gross Domestic Product,".
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: I move amendment No. 14: In page 8, subsection (4), between lines 22 and 23, to insert the following:“(c) whenever requested in writing by a Committee of Dáil Éireann established under the Standing Orders of Dáil Éireann, provide an assessment of a policy proposal.".This is a straightforward amendment which the Minister should strongly consider accepting. It...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: The medium-term budgetary objective is a structural deficit of 0.5%. The debt rule is prescriptive in requiring us to reduce the excess over 60% by one 20th every year. In order to keep to the adjustment path, the headline rate must reach 3% by 2015. What is the period over which we are going to reach the structural deficit of 0.5%?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: Has a timeframe been agreed with the European Commission for reaching the target of 0.5%?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: Has a year or a date been agreed?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: The Minister merely indicated that, in the opinion of the fiscal council, we may reach the target by 2019. That is not an agreed position between the Government and the European Commission.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: What input will the Government have on the critical question of the length of time it is allowed to achieve the structural deficit target?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: I have one question on the issue that was being discussed, the structural balance. The Minister made some interesting observations with which I largely agree about the interpretation of structural balance during the boom years. The key question is this: is the Minister now satisfied that the understanding of what a structural balance means has evolved to the point where if a situation...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: I mean in the calculation.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Fiscal Responsibility Bill 2012: Committee Stage (18 Oct 2012)
Michael McGrath: There is a definition of exceptional circumstances, which is in the treaty which was ratified by the people and which is in the definitions in Part 1 of the Bill. It is central to the matter in that if exceptional circumstances exist, then the Minister is allowed to deviate from the requirement to move towards a structural balance of 0.5% of GDP. Can the Minister give us the sense of what...
- Leaders' Questions (18 Oct 2012)
Michael McGrath: Sign a petition.
- Leaders' Questions (18 Oct 2012)
Michael McGrath: That has nothing to do with it.
- Written Answers — Department of Finance: Tax Yield (18 Oct 2012)
Michael McGrath: To ask the Minister for Finance if he has an estimate of the amount of money that would be raised in a full year if the remittance basis of taxation for persons who are tax resident in Ireland but are not Irish domiciled. [45574/12]
- Written Answers — Department of Finance: Tax Yield (18 Oct 2012)
Michael McGrath: To ask the Minister for Finance if he has an estimate of the amount of money that would be raised in a full year if consanguinity relief on non-residential property was abolished with immediate effect. [45575/12]