Results 19,321-19,340 of 32,983 for speaker:Paschal Donohoe

Written Answers — Department of Public Expenditure and Reform: Public Sector Pay (12 Jun 2018)

Paschal Donohoe: As set out in the answer to Parliamentary Questions Nos. 216 to 219, inclusive, of 29 May 2018 the estimated €195m-€200m cost is annualised based on an assumed increment date of 1 January to give the full year cost of the measure. However, individual increment dates vary considerably across the year, with some grades and/or sectors recruiting in cohorts (garda, defence and...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Retirements (12 Jun 2018)

Paschal Donohoe: I am taking it that the Deputy is referring to the consequences for the calculation of public service occupational pension benefits of the programmed expiry of the current 'grace period' at the end of March 2019 (in fact, the last day of the grace period is 1 April 2019). The introduction of the ‘grace periods’ under FEMPI was to allow the pay rates that were in force prior...

Written Answers — Department of Public Expenditure and Reform: Departmental Funding (12 Jun 2018)

Paschal Donohoe: The purpose of capital investment undertaken by my Department, including the Office of Government Procurement (OGP), is to deliver greater effectiveness and efficiency across the Civil and Public Service. The nature of many of the reform initiatives set out in ambitious reform plans, such as Our Public Service 2020 and the Public Service ICT Strategy, is that up-front investment is sometimes...

Written Answers — Department of Public Expenditure and Reform: Expenditure Reviews (12 Jun 2018)

Paschal Donohoe: The following table shows the trend in total gross voted expenditure, gross voted current expenditure and gross voted capital expenditure from 2010 to 2018. Figures presented for 2010 – 2016 are based on the Appropriation Accounts, while figures for 2017 are the Provisional Outturn amounts notified by Departments. The 2017 Provisional Outturn does not include any amount in respect of...

Written Answers — Department of Finance: Banking Sector (31 May 2018)

Paschal Donohoe: The provision of banking services to customers is an independent commercial decision made by banks. The decision on whether to provide banking services to customers by a bank is dependent on a variety of factors, including their own risk appetite and regulatory requirements. In addition, it is important to note that banks are designated persons under the Criminal Justice...

Written Answers — Department of Finance: Flood Risk Insurance Cover Provision (31 May 2018)

Paschal Donohoe: I am conscious of the difficulties that the absence or withdrawal of flood insurance cover can cause to homeowners and businesses, and that is one of the reasons the Government has been prioritising investment in flood defences over the last number of years.  However, the provision of insurance cover and the price at which it is offered is a commercial matter for insurance companies...

Written Answers — Department of Finance: Pension Provisions (31 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 63 and 69 together. The Government published A Roadmap for Pensions Reform 2018 - 2023 in February this year and my Department was involved in contributing to the development of the Roadmap. The Roadmap takes a holistic view of pension issues and details specific measures presented under six strands. While implementation of the Roadmap is...

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (31 May 2018)

Paschal Donohoe: The Strategic Banking Corporation of Ireland (SBCI) is Ireland’s national promotional institution. The purpose of the SBCI is to deliver effective financial supports to Irish SMEs that address failures in the Irish SME finance market as well as encouraging competition, innovation and the efficient and effective use of EU resources and financial instruments. The SBCI achieves this...

Written Answers — Department of Finance: Central Bank of Ireland Reports (31 May 2018)

Paschal Donohoe: I have been advised by the Central Bank of Ireland, that in their quarterly published Residential Mortgage Arrears and Repossessions Statistics, reporting entities are classified in three ways: - regulated banks, - regulated retail credit firms, and - unregulated loan owners. Guidance is given to the reporting entities that data is to be reported on the basis of legal ownership of the...

Written Answers — Department of Finance: Mortgage Data (31 May 2018)

Paschal Donohoe: I wish to advise the Deputy that my Department does not hold the information that is being sought. The Central Bank also advised that it does not collect data on the number of loans securitised by the breakdown requested. However, the Bank provided data on the outstanding stock in monetary terms of residential PDH and BTL loans securitised and serviced by Irish credit...

Written Answers — Department of Finance: Mortgage Book Sales (31 May 2018)

Paschal Donohoe: I have been advised by the Central Bank of Ireland that it does not comment on specific transactions relating to regulated firms. However, further details on this portfolio sale are available on Danske’s website at: .

Written Answers — Department of Finance: Cycle to Work Scheme Data (31 May 2018)

Paschal Donohoe: The Cycle To Work scheme came into operation on 1 January 2009. The scheme operates on a self-administration basis, and relief is automatically available provided the employer is satisfied that the conditions of their particular scheme meet the requirements of the legislation. There is no notification procedure for employers involved. This approach was taken with the deliberate intention...

Written Answers — Department of Public Expenditure and Reform: Pension Provisions (31 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 70 and 71 together. I refer the Deputy to my responses to PQ 54985/17 of 16 January 2018, and to PQ 13684/18 of 27 March 2018.

Written Answers — Department of Finance: Flood Risk Insurance Cover Provision (30 May 2018)

Paschal Donohoe: I am conscious of the difficulties that the absence or withdrawal of flood insurance cover can cause to homeowners and businesses, and that is one of the reasons the Government has been prioritising investment in flood defences over the last number of years.  However, the provision of insurance cover and the price at which it is offered is a commercial matter for insurance companies...

Written Answers — Department of Finance: Mortgage Interest Relief Application (30 May 2018)

Paschal Donohoe: At present, there are no plans to provide specific additional income tax relief for mortgage payments, as the Government’s priority is on reducing the income tax burden for low to middle income earners, while limiting the benefit for high earners and keeping the tax base broad. As indicated in the last two Budgets, Mortgage Interest Relief is being phased out.  The residual...

Written Answers — Department of Finance: Motor Insurance Costs (30 May 2018)

Paschal Donohoe: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation. Neither I nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to accept. This position is...

Written Answers — Department of Public Expenditure and Reform: Community Employment Schemes Supervisors (30 May 2018)

Paschal Donohoe: I would refer the Deputy to my responses to PQ 54985/17 of 16 January 2018, and to PQ 13684/18 of 27 March 2018.

Written Answers — Department of Finance: Insurance Compensation Fund (29 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 151 and 186 together. Setanta Insurance was placed into liquidation by the Malta Financial Services Authority on 30 April 2014. As it was a Maltese incorporated company, the liquidation is being carried out under Maltese law. The Deputy will be aware that under the Insurance Act 1964, as amended, monies may be paid out of the Insurance Compensation...

Written Answers — Department of Finance: Credit Union Services (29 May 2018)

Paschal Donohoe: I propose to take Questions Nos. 152 and 153 together. The Credit Union Act, 1997 (1997 Act) sets out the services that a credit union may provide to its members. In addition, the Credit Union Act 1997 (Regulatory Requirements) Regulations 2016 (2016 Regulations) provides for services exempt from additional services requirements. Where a credit union wishes to provide services to its...

Written Answers — Department of Finance: Tax Reliefs Availability (29 May 2018)

Paschal Donohoe: The rural renewal scheme provided for a scheme of tax reliefs aimed at invigorating certain areas of rural Ireland. Relief is only available for expenditure on construction, refurbishment or conversion work that was carried out during the qualifying period for the scheme. The qualifying period for the rural renewal scheme originally terminated on 31 December 2004 but was extended to 31...