Results 24,781-24,800 of 27,019 for speaker:Michael Noonan

Written Answers — Credit Availability: Credit Availability (28 Jun 2011)

Michael Noonan: The Credit Review Office has completed 54 reviews. There are a further 18 applications proceeding through the review process with 10 other applications on hand but whose eligibility has not yet been confirmed. The banks credit decision was upheld in 23 of the 54 reviews completed. More work was required by the borrower and bank or the review was withdrawn in 7 other cases. In the remaining...

Written Answers — EU-IMF Fund: EU-IMF Fund (28 Jun 2011)

Michael Noonan: During an ongoing crisis, it is important for relationships between institutions to be developed, in order to allow for confidential negotiations to take place, especially on particularly sensitive issues. This is particularly the case in relation to the Irish authorities dealing with the ECB. It is normal practice for states to protect the confidentiality of these discussions, and in fact...

Written Answers — Budgetary Process: Budgetary Process (28 Jun 2011)

Michael Noonan: I propose to take Questions Nos. 156 and 157 together. My Department will publish a pre-Budget Outlook in October of this year and, as is the norm, it is intended that Budget 2012 will be presented to the Dáil in early December, though the exact date has yet to be decided. Similarly, while the exact dates have not been set, the Revised Estimates Volume would normally be published in...

Written Answers — Budgetary Process: Budgetary Process (28 Jun 2011)

Michael Noonan: The overall fiscal adjustment for 2012 underpinning the Joint EU/IMF Programme of Financial Support is €3.6 billion and this will be implemented through a combination of further reductions to public expenditure and additional revenue raising measures. The Stability Programme Update submitted to the European Commission in April forecasts the 2012 General Government deficit at 8.6% of GDP....

Written Answers — Fiscal Policy: Fiscal Policy (28 Jun 2011)

Michael Noonan: I have indicated to the House that, consistent with Government policy, I will raise the issue of burden sharing which will allow for the imposition of loses on unguaranteed and unsecured senior bondholders in Anglo and INBS with the IMF and EU authorities in the autumn. I have also indicated that we will take no unilateral action in this area. While legislation is in place to provided for...

Written Answers — EU-IMF Fund: EU-IMF Fund (28 Jun 2011)

Michael Noonan: Future disbursements are kept under constant review and are the subject of discussion in the quarterly reviews. Disbursements in each quarter can only take place after the IMF Executive Board, the Eurogroup and ECOFIN have approved the compliance reports prepared, respectively, by IMF Staff and the European Commission Services. The actual disbursements take place in the period following the...

Written Answers — Public Service Contracts: Public Service Contracts (28 Jun 2011)

Michael Noonan: The Department of Finance, the Department of Public Expenditure and Reform, the Office of the Revenue Commissioners, the Comptroller and Auditor General, the Information Commissioner, the Office of the Ombudsman, the State Laboratory, and the Valuation Office do not outsource IT services, in the normal industry sense of the word and consequently do not have any contracts for outsourcing IT...

Written Answers — Fiscal Policy: Fiscal Policy (28 Jun 2011)

Michael Noonan: I would like to inform the Deputy that there are a number of measures in place to assist mortgage holders who are in genuine difficulties with regard to the payment of their mortgages. The Deputy will be aware of the work of the Expert Group on Mortgage Arrears and Personal Debt. This Group published its final Report in November 2010. All of the Expert Group's recommendations are listed in...

Written Answers — Proposed Legislation: Proposed Legislation (28 Jun 2011)

Michael Noonan: The Finance Act 2011 contains legislation that, subject to a Ministerial Commencement Order, provides for the extension of betting duty to remote bookmakers and betting exchanges. The tax changes provided for in the Finance Act can only be implemented once the Betting (Amendment) Bill, which will provide for a regulatory and licensing regime, is enacted. The Betting (Amendment) Bill 2011 is...

Written Answers — Tax Reliefs: Tax Reliefs (28 Jun 2011)

Michael Noonan: Section 13 of Finance Act 2011 provided for income tax relief at the standard rate for expenditure incurred by individuals on a range of works carried out to improve the energy efficiency of residential premises situated in the State. The underpinning legislation for the scheme was subject to Commencement Order. However, that legislation, on review, was found to have flaws and would have...

Written Answers — Tax Code: Tax Code (28 Jun 2011)

Michael Noonan: I am advised by the Revenue Commissioners that Section 117 of the Finance Act 2010 provides for VAT to be charged in respect of the receipts from certain activities of public bodies, including Departments of State, local authorities and bodies established by enactment, with effect from 1 July 2011. Before further comment can be made in this case additional information regarding the VAT...

Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Order for Second Stage (28 Jun 2011)

Michael Noonan: I move: "That Second Stage be taken now."

Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Second Stage (28 Jun 2011)

Michael Noonan: I move: "That the Bill be now read a Second Time." There has been much discussion at international level on how best to deal with financial institutions in distress. Clearly, Ireland has much to offer in this debate given recent experience. As we move to implement the restructuring of the domestic banking system I announced in my statement on 31 March last, it is also important we provide...

Written Answers — Public Sector Staff: Public Sector Staff (23 Jun 2011)

Michael Noonan: There are no early retirement packages available currently in the Civil/Public Service. The only provision available for early retirement is the Cost Neutral Early Retirement (CNER) Scheme which has been in operation since April 2005. The scheme permits persons who are within ten years of their preserved pension age (which is generally 60 or 65) to make an application to be allowed to...

Written Answers — Departmental Functions: Departmental Functions (23 Jun 2011)

Michael Noonan: As with all enterprises, public or private sector, compatibility and communication between disparate systems is generally achieved by the use of recognised industry-standard data formats where available. All guidance reflects to need for public bodies to comply with international standards and to implement industry standards where international ones do not exist. The Programme for...

Written Answers — Departmental Staff: Departmental Staff (23 Jun 2011)

Michael Noonan: The Government is committed to reducing public service numbers in accordance with the Programme for Government. The actual exit mechanisms to be used will depend in part on the rate of natural wastage and decisions taken under the Comprehensive Review of Expenditure on the required future size of particular sectors and bodies.

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (23 Jun 2011)

Michael Noonan: The most up to date information on the detailed deposit funding position of the covered institutions is set out in the Financial Measures Programme (Chart 5) published on the Central Bank of Ireland website, http://www.centralbank.ie. Current institution specific information is not presented in the report owing to its commercial confidentiality. The most recent published information on...

Written Answers — Bank Deposits: Bank Deposits (23 Jun 2011)

Michael Noonan: I am informed by the Central Bank that it does not hold or require regulated firms to provide it with any information in respect of non–repatriated profits for any group of firms. Banks secure their funding from a variety of sources and also receive deposits from their customer base. There is no distinction made by banks reporting to the Central Bank on the nature of the funding or...

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (23 Jun 2011)

Michael Noonan: No payments have arisen for the State in respect of any of the banks' guaranteed liabilities. It will be a matter of the utmost priority for the Government to ensure that no payment under the Guarantee arises in the future. The Deputy will be aware that Central Bank of Ireland (CBI) published on 1 April 2011 the total senior and subordinated debt issuances by those banks covered by the...

Written Answers — Tax Clearance Certificates: Tax Clearance Certificates (23 Jun 2011)

Michael Noonan: I am advised by the Revenue Commissioners that the organisation concerned has substantial tax debts and on that basis, Revenue will not issue a tax clearance certificate at this time. Revenue has afforded the organisation an opportunity to address certain matters by 27 June at which stage, if these matters are satisfactorily addressed, there may be scope for discussion on how matters may...