Results 19,301-19,320 of 26,148 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: What is it, roughly?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: This is aircraft.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: Will Mr. McCarthy indicate what the figures were last year? What increases are we seeing? Has there been a 9% increase? What would the comparative figures be for 2013?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: No, just to give me an indication, roughly by how much did the figure for construction go up by in 2013? To go on from this, are construction and machinery the two investment components?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: By how much did the figure for investment go up overall in 2013?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: What Mr. McCarthy does expect the overall investment figure to be for the year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: The figure has gone up by nearly 16.5%, is that right? Based on that reduction, the level of construction was down.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: For the first half of 2014, we have seen a phoenix-like rise in construction and the other areas of investment, which is feeding into growth. Am I correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: Therefore, we are not seeing an enormous jump in the construction sector, but we are seeing it in investment in machinery and other areas. Mr. McCarthy is effectively saying that in the commercial economy, in terms of job creation and the SME sector, reinvestment is taking place.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: Looking at the figure of 30% to 40%, how much of it and how much of the 9% figure for construction has to do with Government investment? This is based on a model which is driven by job creation, with added value; therefore, we are not worried about the growth in construction, which is relatively moderate and holding its place. Am I correct in my analysis?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: On the investment about whcih Mr. McCarthy is talking, a 14% increase overall for the year, is it all private investment? How much of it is State investment?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: What has it added to the growth rate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: Materially, it does not have that impact.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: If I am to analyse it, the construction sector is not seeing a huge increase from last year. In the SME and research and development sectors there is substantial growth, particularly in investment in new plant machinery and so forth, while the figure for the manufacturing sector is going up by 30% to 40%. We are looking at the figure for research and development going up by 11%. I wish to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: Will Mr. McCarthy deal with the patent cliff issue? It is a source of puzzlement.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: The fact is that GNP was up significantly, which would have feed into domestic demand.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: The Department anticipates a growth rate of 4.5% this year. Is it correct that this figure is split roughly between exports and domestic consumption at 1.5% and 3%, respectively?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: That is what I mean. Is the split then 1.7% and 3%?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: That explains the figure of 4.7%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Budget 2015: Department of Finance (7 Oct 2014)

Kieran O'Donnell: While the public perception is that growth is being very much driven by exports, the figures show that it is primarily being driven by domestic demand. To drill down into the figures, investment has increased by 11% in the first six months 2014 and consumption by 1.2%. How does the investment figure break down?