Results 19,581-19,600 of 26,148 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: How would that fit into the Irish economy?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: I think it is time to conclude.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: Time is running short.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: Deputy Doherty's i-Pad is interfering.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: He certainly put it back when he was saying "whatever number of months."

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: As a small aside following on from Deputy Michael McGrath's questions, what level of growth rates would Ireland need to enable the meeting of the targets post-2015 without needing to have adjustments? Has the council considered that type of analysis? I mean the growth rates required to meet the balanced budget. Deputy McGrath made reference to the Government's growth path figures. Did the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: Does the council concur with that projected level of growth?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: I thank Professor McHale. Is it in order to publish his statement?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: Before I proceed to Deputy Michael McGrath I wish to make a few points of clarification. Was the opinion that €2 billion of tax and cuts should take place in the 2015 budget a unanimous decision or a majority decision of the Fiscal Advisory Council?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: That does not mean there were not differing opinions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: How do the other members feel? The forthcoming budget is a huge issue. Would the other members care to comment?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: Very good. We are all into consensus at the moment. The fact is that taxes are just short of €500 million ahead of target at the moment. The ordinary person is under enormous financial pressure. The sum of €2 billion is significant. Did the council not factor into its considerations the fact that the economy is doing well and there is employment growth?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: Where does Professor McHale see the risks to the Irish economy? The council has reached a consensus following deliberations. What is the underlying reason for its decision and where does he see the risks to the Irish economy in the next 12 months?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: I welcome Professor John McHale, chairperson, Professor Alan Barrett, council member, Mr. Sebastian Barnes, council member, Dr. Róisín O'Sullivan, council member, and Mr. Diarmuid Smith, chief economist, from the Irish Fiscal Advisory Council who are here to discuss the fiscal assessment report for 2014. I understand Dr. Donal O'Donovan is unable to attend and sends his apologies....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: I thank the Minister and his officials for coming and for staying for extra time. I thank the representatives of the press in the Gallery for staying with us.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: Perhaps there could be contact with the Governor or a briefing could be provided to the committee about the general overall parameters.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: With regard to the promissory notes, do the historically low interest rates put the Central Bank in a more vulnerable position in its discussions with Frankfurt in the context of releasing bonds and so on?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: It is positive.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: I note the ECOFIN meeting will be briefed by the Commission on the contributions that the banks will be expected to make to the resolution funds. What specific timeframe does the Minister envisage for this? He has spoken on the matter in general terms but I ask him to break the process down into the separate steps that will bring us to the position where the stars collide and we can make...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (18 Jun 2014)

Kieran O'Donnell: When does the Minister anticipate that the ESM fund will come into play in terms of providing funds for the recapitalisation of banks, as distinct from retroactive recapitalisation?