Results 14,381-14,400 of 32,961 for speaker:Paschal Donohoe
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: It is something on which I wish to make progress, but my ability to make progress on it in this year's budget will be influenced by what type of Brexit risks we are going to face.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: No-----
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: I am speaking to the man whose answer for many years to every question about how he would raise additional money was a wealth tax, but I do not hear him speaking about that any more.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: I have not heard him advocate for that for quite a while. Deputy Boyd Barrett is still advocating for it-----
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: The Deputy might be encouraged, or worried, to know how often I read the Sinn Féin budget submissions.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: I do not recall the wealth tax making an appearance recently.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: It is only fair for me to say-----
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: I am answering the Deputy's question. With regard to any decision I make in respect of a merger of the two, it is only fair to say that as we move towards the October period my key concern is how I protect the future tax take. It is understandable that I would say that. Regarding what the Taoiseach has said about our ability to cut taxes in the future-----
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: -----it is explicable if one looks at it in the two different scenarios to which we have referred. In an orderly Brexit scenario, which is outlined in Table 6, the table shows the ability to make progress in delivering a budget surplus and inside the unallocated resources there, which start at €1.9 billion in 2021 and move to €2.3 billion in 2024, how it is possible within that...
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: Chairman, I am well aware that each time I answer one of Deputy Pearse Doherty's questions he wants to interrupt me with a further one.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: The reason the €3 billion spend can be made is that it refers to unallocated decisions and reserves. Baked into the 2021 figures onwards is the fact that there will be pre-committed expenditure that will be growing.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: That explains the point that has been made there.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: I have answered the Deputy's question, and he knows it. With regard to the difference between-----
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: I am well used to Deputy Pearse Doherty wanting to shout over the points I make. I am responding to each of the questions asked. I am also doing this in the context of an economy which, as we saw yesterday, is moving to unemployment levels that are approaching an economy at full employment, while the earnings flow within the economy are making a real difference to people's living standards....
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: I understand why the Deputy wishes to be dismissive of the answers I have given. I am answering his questions, and I am doing so in the context of an economy that is growing, in which we are increasing investment and which is making a difference to people's lives and living standards. While there are needs that must be met, the Deputy will never acknowledge any of the progress that is being...
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: With regard to the other points the Deputy put to me, if he will remind me of his question on Brexit I will answer it. I will ask Mr. Kinnane to answer the question about the SPU, the SES and the difference to ensure the Deputy gets the full answer.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: First, we have baked into our pre-committed plans additional capital expenditure of €700 million, which would be the type of stimulus that would be required if our economy was to have a shock or have to deal with the consequences of a disorderly Brexit. That is already pre-planned in the context of capital expenditure for this year going up by 24%. As I indicated to Deputy Michael...
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: Yes, it is. We will be publishing our mid-year expenditure report in the next fortnight and I will make sure that report contains that information.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: The figures the Deputy is referring to are produced by the Central Statistics Office rather than the Department. We will have a look to see if we can identify what the Deputy is referring to and give him a more up-to-date version of it. To the best of my knowledge, over the past two years, the Department of Finance has not published sectoral attributions of profits and I think it is more...
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: The most important graph in the intersection between politics and economics at the moment concerns the share income has of national income. What has happened over recent decades explains many of the challenges we now have in politics. Therefore, I am well aware of the analysis the Deputy is referring to, the work that has been done comparing the rate of return on capital with the rate of...