Results 19,881-19,900 of 26,148 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Insolvency Service of Ireland (30 Apr 2014)

Kieran O'Donnell: Two institutions have told this committee they will not write-off mortgage.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Insolvency Service of Ireland (30 Apr 2014)

Kieran O'Donnell: Is Mr. O'Connor at liberty to identify that institution?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Insolvency Service of Ireland (30 Apr 2014)

Kieran O'Donnell: Is Mr. O'Connor speaking about a particular case with which the service has been dealing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Insolvency Service of Ireland (30 Apr 2014)

Kieran O'Donnell: I welcome Mr. O'Connor and his colleagues and thank them for their presentation. I will address a couple of points. Regardless of whether the witnesses like it, the average person does not want to declare bankruptcy. Regardless also of the process entered into, once they declare bankruptcy the family home becomes part of the equation. The purpose of the process is to protect the family...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Irish Stability Programme Update: Minister for Finance (15 Apr 2014)

Kieran O'Donnell: That was not really my question. The differential in 2013 was so large that using GDP does not reflect the true state of the economy but, as the Minister mentioned, it is the measure taken in Europe with regard to meeting our excessive deficit targets. When does the Minister anticipate that GDP will eclipse GNP again?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Irish Stability Programme Update: Minister for Finance (15 Apr 2014)

Kieran O'Donnell: What page?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Irish Stability Programme Update: Minister for Finance (15 Apr 2014)

Kieran O'Donnell: The Minister anticipates-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Irish Stability Programme Update: Minister for Finance (15 Apr 2014)

Kieran O'Donnell: For what reason are these the expected figures?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Irish Stability Programme Update: Minister for Finance (15 Apr 2014)

Kieran O'Donnell: I am zoning in on meeting our targets. Earlier the Minister mentioned inflation and I wish to follow up on what Deputy Donnelly stated. Between now and 2018 inflation will be below the 2% target to which the Minister referred. Does he anticipate that the ECB will do something to deal with inflation? How near are we to deflation? I am focusing on nominal GDP growth with built-in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Irish Stability Programme Update: Minister for Finance (15 Apr 2014)

Kieran O'Donnell: I welcome the Minister and his colleagues. I wish to make an important technical point on the GDP-GNP reverse gap. Effectively, GNP is significantly higher than GDP, which is having an impact on reaching the excessive deficit procedure targets. The margin the last time was 3.7%. In 2013 GDP growth was minus 0.3% and GNP was 3.4%, which represents a differential of 3.7%. The Minister is...

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: In conclusion, no one denies the great work Rehab has done but, equally, we are elected by the people to do a job which boils down to the following. In terms of Rehab's overall funding, 52% comes from the taxpayer and, in terms of its Irish operations, the figure is well in excess of 70%. Plus, over 40% of the former CEO's salary was funded by the Irish taxpayer. We, as politicians, are in...

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: I asked Mr. Poole previously about the total wages. He provided a document earlier in which he gave the management charges from RehabCare, National Learning Network, Rehab Enterprises and Rehab lotteries and fund-raising. There is a heading entitled "director of services division" and there is €140,189 in RehabCare, €140,134 in National Learning Network, in Rehab entertainment...

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: Whose salary?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: Does any of that charge relate to the CEO? Is there any management charge for the CEO put into the companies?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: Yes, but I just wished to be certain. Looking at the salaries there, am I correct to say there is €12 million in income coming to the Rehab Group?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: Of that, €4.7 million comes from shared services and the charity lotteries is €3.1 million. In essence, the shared management services makes up 53%-----

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: -----of the €8.9 million outside of the charity lotteries to bring it up to €12 million.

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: It is 52% or 53%. Of the shared management services, €3.55 million comes from National Learning Network and RehabCare, which are companies that are funded virtually entirely by the State. They account for approximately 40% of the €8.9 million. Is it a fair observation that 40% of the CEO's salary is funded by the taxpayer? Will Mr. Poole respond to that as an accountant?

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: As Mr. Poole is well aware, figures never lie. Looking at the figures, the shared management service is coming from the two companies that are funded virtually entirely by the taxpayer, whom we represent. The figure from National Learning Network is €1.511 million and for RehabCare it is €2.039 million, which is a total of €3.55 million. Mr. Poole said the charity...

Public Accounts Committee: Payments to Section 39 Companies: (Resumed) Rehab Group (10 Apr 2014)

Kieran O'Donnell: That leaves €8.9 million, and €3.55 million of that comes directly from money provided by the taxpayer.