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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Peadar Tóibín: Given that and the issues we discussed earlier, is there any estimation of what the fiscal space will be in the three or four years following budget 2016?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Peadar Tóibín: Can Mr. McCarthy recollect if those figures are in or around those about which we have been speaking?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Peadar Tóibín: Would the amount be in or around €1.5 billion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Peadar Tóibín: Nonetheless, it distorts the investment figures.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Peadar Tóibín: On European interest rates being low, the NTMA is holding cash in the region of €15 billion. Is there an opportunity cost in holding that amount of cash in the State when there could be a net gain if some of it was invested in infrastructural development?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Peadar Tóibín: There has also been a startling increase of 45% in corporation tax receipts in the first three quarters of the year. Why is that? Does it involve multinationals anticipating changes to the BEPS and so on?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Peadar Tóibín: A big puzzle.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Peadar Tóibín: Go raibh maith agat. Mr. McCarthy mentioned the tailwinds that are adding to the increased growth, as well as many external factors. Is it possible to measure the proportionate effect of those external factors on the level of growth? If other external factors were passive in terms of not having a negative or positive effect, what type of growth rate would we have in the State?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Peadar Tóibín: It would be very interesting for proper analysis of economic levers to understand exactly which are internal and which are external. In respect of credit to small businesses, Mr. McCarthy's graph starts in December 2010. I imagine if one goes back to 2007, it would dwarf our credit to small and medium sized enterprises at current rates. If we extended the chronology of the graph, we would...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Peadar Tóibín: With regard to the demographic changes, up until April of this year about 80,000 people had emigrated. Is there any information with regard to what is happening now and do these demographic changes indicate any level of net inward migration?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Peadar Tóibín: With regard to aircraft transactions, which is a very big sector, these must create distortions and I think they are being included in GDP. What distortion effects are they having in the national accounts?

Written Answers — Department of Finance: Banking Sector (6 Oct 2015)

Peadar Tóibín: 270. To ask the Minister for Finance the residential properties and development land in the ownership of the banks, of which the State is a shareholder; if he will detail the availability of both categories by county; the steps taken to use these assets to alleviate the housing emergency; and the timescales for the delivery of these steps and plans. [34491/15]

Leaders' Questions (1 Oct 2015)

Peadar Tóibín: It is not a business decision.

Leaders' Questions (1 Oct 2015)

Peadar Tóibín: The Tánaiste is not a bystander in this.

Written Answers — Department of Justice and Equality: Garda Training (1 Oct 2015)

Peadar Tóibín: 132. To ask the Minister for Justice and Equality to provide the maximum number of trainee gardaí that the Garda Síochána Training College in Templemore can accommodate in a calendar year. [33772/15]

Written Answers — Department of Justice and Equality: Garda Training (1 Oct 2015)

Peadar Tóibín: 133. To ask the Minister for Justice and Equality the maximum number of trainee gardaí the Garda Síochána Training College in Templemore can accommodate in 2016. [33773/15]

Written Answers — Department of Education and Skills: Education Schemes (1 Oct 2015)

Peadar Tóibín: 225. To ask the Minister for Education and Skills the first-year and full-year cost of extending the school books grant scheme to all students in primary and post-primary schools. [33774/15]

Other Questions: Insurance Compensation Fund (29 Sep 2015)

Peadar Tóibín: There is confusion on this because the Attorney General's office contradicted the Minister's initial opinion in this House that it would be the MIBI. The advice of the Attorney General's office has proved inaccurate because of the High Court decision. Urgency is not something, obviously, one associates with the Government's approach and accuracy is not something that we would necessarily...

Other Questions: Insurance Compensation Fund (29 Sep 2015)

Peadar Tóibín: These are not allegations: they are facts.

Other Questions: Insurance Compensation Fund (29 Sep 2015)

Peadar Tóibín: Will the Minister review his interactions-----

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