Results 10,461-10,480 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Departmental Bodies Abolition (17 Jul 2014)

Michael Noonan: In response to the Deputy's question no State agencies or public bodies under the aegis of my Department have been abolished in the period since 2011. However, it is expected the National Treasury Management Agency (Amendment) Bill 2014 will be enacted shortly which, inter alia, proposes to simplify and streamline NTMA governance structures. The NTMA was set up to manage the National...

Written Answers — Department of Finance: Departmental Agencies (17 Jul 2014)

Michael Noonan: In response to the Deputy's question details in respect of the bodies established under the aegis of my Department since March 2011 are contained in a table: Details of bodies established since 09thMarch 2011 Name  of  Body Date Established Credit Union Restructuring Board (ReBo) 1 January 2013 Irish Fiscal Advisory Council 07 July 2011 New Economy and Recovery Authority...

Written Answers — Department of Finance: Departmental Agencies Staff Remuneration (17 Jul 2014)

Michael Noonan: In response to the Deputy's question I have been informed by The National Treasury Management Agency (NTMA) that they made performance-related payments to 11 staff in respect of 2013. These payments, in aggregate, totalled €76,500.

Written Answers — Department of Finance: Tax Code (17 Jul 2014)

Michael Noonan: It is the standard practice for the Minister for Finance to review taxation policy in the run up to the annual Budget. It is also a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that could be the subject of Budget decisions However, speaking generally, the Government decided to increase the rate of Deposit Interest...

Written Answers — Department of Finance: Central Bank of Ireland Properties (17 Jul 2014)

Michael Noonan: The responsibility for operational and security polices at the Central Bank is a matter for the Central Bank Commission and the Governor of the Central Bank. As a matter of course the Central Bank does not comment on security issues pertaining to the organisation, its premises, assets or personnel. I have however been informed by the Central Bank that all aspects of security...

Written Answers — Department of Finance: Appointments to State Boards (17 Jul 2014)

Michael Noonan: In response to the Deputy's question since March 2011 some 53 appointments or reappointments were made to boards of bodies under the aegis of my Department. With the exception of Fiscal Advisory Council and the reappointment of board members of Financial Services Ombudsman's Council vacancies on other boards under the aegis my Department were advertised on the Department's website. Details of...

Written Answers — Department of Finance: Appointments to State Boards (17 Jul 2014)

Michael Noonan: In response to the Deputy's question in 2011 the Government introduced new arrangements for the appointment of State Board members. Since March 2011, there has been 5 appointments of chairpersons to State boards under the aegis of my Department. While the proposed appointees are required to make themselves available to the appropriate Oireachtas Committee, the appointees listed in the table...

Written Answers — Department of Finance: Departmental Staff Rehiring (17 Jul 2014)

Michael Noonan: Information regarding the number of retired public servants who have been re-hired is detailed in the Appropriation Accounts.  The Appropriation Accounts are available online at .  In my Department, one former staff member is providing contractual services to this Department and is paid at a per diem rate. This Department does not fill any posts vacated as a result of...

Written Answers — Department of Finance: Banking Operations (17 Jul 2014)

Michael Noonan: The financial institution concernedhas informed me that it has been dealing with this matter for a number of years and that further detail regarding the specifics of this case were posted by the financial institution to Mr Brendan Griffin TD last Friday 11th July 2014 (under customer consent), prior to receipt of this parliamentary question on 15th July...

Written Answers — Department of Finance: VAT Rate Reductions (17 Jul 2014)

Michael Noonan: The standard rate of VAT, currently 23%, applies to the sale of ice-cream, as it does to most confectionery and sugary foods.  In this respect, ice-cream parlours selling ice cream to customers must charge the 23% rate on the supply of ice-cream. However, where ice-cream is provided as part of a meal by a caterer, such as a restaurant, the meal, including the ice-cream element, is...

Written Answers — Department of Finance: GDP-GNP Levels (17 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 86 and 87 together. There are considerable challenges facing the Central Statistics Office (CSO) in accurately measuring illicit activiti es, for obvious reasons. I am informed by the CSO that statisticians use any available data that can produce a repeatable, consistent estimate for these activities over time.  The fact...

Written Answers — Department of Finance: Tax Code (17 Jul 2014)

Michael Noonan: Questions in relation to the compilation of statistics by the CSO can be directed to the Taoiseach/Department of the Taoiseach. I am advised that the Household Finance and Consumption Survey (HFCS) is a household survey conducted by the Central Statistics Office as part of a programme of similar surveys in Eurozone countries. I understand that the results of this survey...

Written Answers — Department of Finance: Programme for Government Priorities (17 Jul 2014)

Michael Noonan: The full list of the Programme for Government commitments that come under the remit of the Department of Finance is set out in the Statement of Strategy 2011-2014 which is available on my Department's website. Each year the Department of the Taoiseach, in conjunction with all Government Departments, publishes a report setting out progress made on the implementation of the Programme for...

Written Answers — Department of Finance: NAMA Portfolio Value (17 Jul 2014)

Michael Noonan: I propose to take Questions Nos. 90 and 91 together. I have been advised by NAMA that the carrying value of its loan assets at 31 March as disclosed in the Q1, s.55 Report and Accounts is €27bn, including €8.7bn outstanding in respect the IBRC loan facility deed and floating charge. NAMA publishes the estimated market value of its loan assets and a breakdown of its portfolio by...

Written Answers — Department of Finance: NAMA Legal Cases (17 Jul 2014)

Michael Noonan: NAMA has a statutory obligation to report on proceedings commenced by it in each quarter and this information is contained in the published s55 reports from 2010 to date.  All s55 reports are available on the NAMA web site, . NAMA is currently party to a number of proceedings initiated against it and details of these proceedings are as follows: Title Parties to Proceedings Relief...

Written Answers — Department of Finance: Tax Code (17 Jul 2014)

Michael Noonan: The Deputy will be aware that the Statement of Priorities issued by the Government contains a commitment that we will announce, in Budget 2015, a tax reform plan to be delivered over a number of budgets, to reduce the 52% marginal tax rate on low and middle-income earners, in a manner that maintains the highly progressive nature of the Irish tax system. As such, a decision has not been made...

Written Answers — Department of Finance: Housing Issues (17 Jul 2014)

Michael Noonan: Over the last 18 months or so the private housing market in Ireland has been characterised by price and rent increases. These have been most pronounced in urban areas, particularly Dublin. This is most likely driven by a supply-demand mismatch in these urban areas. The current level of new builds is very low by reference to historical norms as well as estimates of medium-term housing...

Written Answers — Department of Finance: Public Sector Staff Remuneration (17 Jul 2014)

Michael Noonan: The public service Exchequer wage bill (net of pension related deductions) has been reduced by 17 per cent since 2008, with public service employment volumes falling by 10 per cent. The most definitive source of wage data comes from the annual National Income and Expenditure Accounts, recently published by the Central Statistics Office. These reveal that the whole economy wage bill has...

Written Answers — Department of Finance: Budget 2015 (17 Jul 2014)

Michael Noonan: The most up-to-date budgetary estimates, published in the Stability Programme Update (SPU) in April, are based on the assumption of a consolidation package of €2.0bn in 2015 which is designed to deliver a deficit of 2.9 per cent of GDP in 2015. This forecast projected that the primary general government balance will be €3.3 billion in 2015 (1.9% of GDP). The macroeconomic...

Written Answers — Department of Finance: Budget Measures (17 Jul 2014)

Michael Noonan: Firstly, I note that the Deputy has requested the cumulative level of adjustment in all budgets from 2009.  On that basis, the level of adjustment is approximately €30 billion.  However, I should point out that significant corrective measures have been implemented since mid-2008.  The cumulative level of adjustment including Budget 2014 is almost €31 billion of...