Results 46,241-46,260 of 49,836 for speaker:Stephen Donnelly

Committee on Budgetary Oversight: Forecasts for Budget 2017: Department of Finance (4 Oct 2016)

Stephen Donnelly: Apologies, it is €1 billion. I presume Mr. McCarthy's team is involved in the work that gets them in. The convergence margin shrinks it by €1.4 billion, that is, from a potential €2.4 billion down to €1 billion, and it is because we miss our medium-term budgetary objective, MTO. Our MTO is .5% structural deficit while our forecast is 1% structural deficit. That...

Committee on Budgetary Oversight: Forecasts for Budget 2017: Department of Finance (4 Oct 2016)

Stephen Donnelly: Great.

Committee on Budgetary Oversight: Forecasts for Budget 2017: Department of Finance (4 Oct 2016)

Stephen Donnelly: I thank Mr. McCarthy.

Committee on Budgetary Oversight: Forecasts for Budget 2017: Department of Finance (4 Oct 2016)

Stephen Donnelly: Yes, but I specifically referred to the fact that the Commission said we were overheating while a lot of domestic experts are saying we are not and are approximately at potential. Does Mr. McCarthy know how much the structural deficit has grown? The Commission says we are overheating and that the structural deficit is bigger but were it to say that was not the case, and that we were at...

Committee on Budgetary Oversight: Forecasts for Budget 2017: Department of Finance (4 Oct 2016)

Stephen Donnelly: That is useful and I thank Mr. McCarthy. Is it, therefore, the case that a technical assumption is being made? The Commission is saying we are at full employment at 9% but we are saying we are at full employment at 5%. Were the Commission to accept Mr. McCarthy's view that the adjusted structural deficit would go down from -0.1%, which is what is in the SES, to approximately 0.4%-----

Committee on Budgetary Oversight: Forecasts for Budget 2017: Department of Finance (4 Oct 2016)

Stephen Donnelly: -----we would hit our MTO and the fiscal space would not be €1 billion but €2.4 billion.

Committee on Budgetary Oversight: Forecasts for Budget 2017: Department of Finance (4 Oct 2016)

Stephen Donnelly: I have one other question. Page 11 deals with consumer credit growth.

Committee on Budgetary Oversight: Forecasts for Budget 2017: Department of Finance (4 Oct 2016)

Stephen Donnelly: Yes. It goes from a negative figure of approximately -0.16% in Q1 2013 to a very significant positive figure. Is that a proxy for personal borrowings? Is it the country spending money it has? Is it households beginning to borrow with unsecured debts such as car loans, credit loans, etc.? What is going on here? Are we beginning to see a new debt risk for households?

Committee on Budgetary Oversight: Forecasts for Budget 2017: Department of Finance (4 Oct 2016)

Stephen Donnelly: That is great. I thank Mr. Power.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2016: Vote 32 - Department of Jobs, Enterprise and Innovation (22 Sep 2016)

Stephen Donnelly: The Minister is very welcome and I thank her for her time. I have several questions that span a few different areas so I ask her to bear with me. Her brief is a wide one. There is a lot of talk about what we should spend more money on, be it money from the fiscal space, Supplementary Estimates or whatever. Now that the Minister has had a reasonable amount of time in the Department,...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2016: Vote 32 - Department of Jobs, Enterprise and Innovation (22 Sep 2016)

Stephen Donnelly: To clarify, I did not suggest that less be spent. That was not the question. Across all the activity, while some things clearly are going very well, inevitably other programmes probably are not. Are there areas in which the Minister thinks we should spend less or indeed stop? There then would be the potential ability to reallocate those moneys to more effective areas within the Department.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2016: Vote 32 - Department of Jobs, Enterprise and Innovation (22 Sep 2016)

Stephen Donnelly: I apologise to the Minister but the question I asked was whether there is any measurement of client satisfaction for the LEOs.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2016: Vote 32 - Department of Jobs, Enterprise and Innovation (22 Sep 2016)

Stephen Donnelly: Is that in additional funding?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2016: Vote 32 - Department of Jobs, Enterprise and Innovation (22 Sep 2016)

Stephen Donnelly: Can the Minister repeat those figures?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2016: Vote 32 - Department of Jobs, Enterprise and Innovation (22 Sep 2016)

Stephen Donnelly: Over the next-----

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2016: Vote 32 - Department of Jobs, Enterprise and Innovation (22 Sep 2016)

Stephen Donnelly: The next question was on Brexit about which there has been much talk. Does the Minister have a figure quantifying how much additional funding has been allocated for this year? As members are considering the mid-year expenditure review, I refer to funding specifically to help enterprise to begin to react appropriately to Brexit.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2016: Vote 32 - Department of Jobs, Enterprise and Innovation (22 Sep 2016)

Stephen Donnelly: And for Enterprise Ireland and the LEOs?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2016: Vote 32 - Department of Jobs, Enterprise and Innovation (22 Sep 2016)

Stephen Donnelly: I meant that if there is an additional €500,000 this year for IDA Ireland, will EI and the LEOs get supplementary budgets for Brexit also?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2016: Vote 32 - Department of Jobs, Enterprise and Innovation (22 Sep 2016)

Stephen Donnelly: The Minister can announce it today, if she likes.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2016: Vote 32 - Department of Jobs, Enterprise and Innovation (22 Sep 2016)

Stephen Donnelly: On the vulture funds-----