Results 21,421-21,440 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: State Banking Sector (5 Nov 2015)

Michael Noonan: I have not sought nor received an estimate of the impact from any possible rent control measures on the value of the Irish State's bank holdings. Given that no such measures have been specified, speculation on the impact of potential future rent policy would be premature. Nonetheless, it is the view of my officials that the relationship between rental market controls and the value...

Written Answers — Department of Finance: Government Expenditure (5 Nov 2015)

Michael Noonan: Governor Honohan, as is normal practice, provided me with his insights and advice on the Irish economy in advance of Budget 2016.  He rightly highlighted some of the key risks facing the economy, including any potential for mismanagement of the public finances and using once off revenues to underpin long term expenditure commitments.  I am, of course, conscious of these issues. ...

Written Answers — Department of Finance: Departmental Strategies (5 Nov 2015)

Michael Noonan: As I have previously stated in answer to parliamentary questions, it would not be appropriate to publish the details of such contingency planning.  Also, as I previously stated in answer to Parliamentary Question No. 215 of 10 March 2015, "at no point in 2011 (or since) were Irish pounds being printed."  This is not to state that no contingency plans were developed or that...

Written Answers — Department of Finance: EU-IMF Programme of Support Drawdowns (5 Nov 2015)

Michael Noonan: The Government took office in early March 2011. I am informed by the NTMA that by that time there had been three EU/IMF Programme disbursements, totalling approximately €14.4 billion. This is net of a prepaid margin of €0.53 billion deducted from the EFSF disbursement of 1 February 2011. Given total external EU/IMF Programme funding of €67.5 billion, the funding remaining...

Written Answers — Department of Finance: National Treasury Management Agency Deposits (5 Nov 2015)

Michael Noonan: The National Treasury Management Agency (NTMA) has advised that total Exchequer cash and other financial assets stood at €25.2 billion at end-February 2011, of which €21.5 billion was in the form of readily accessible Exchequer cash and other short-term investment balances. The end-February 2011 position reflected EU-IMF Programme drawdowns of over €14 billion in the...

Written Answers — Department of Finance: Central Bank of Ireland Staff (5 Nov 2015)

Michael Noonan: An extensive national and international executive search process was undertaken to identify suitably qualified candidates in Ireland and abroad for the position of Governor of the Central Bank of Ireland. Public calls for applications were published on the Department of Finance, Central Bank and Public Appointments Service websites, as well as an advertisement being placed in the...

Written Answers — Department of Finance: NAMA Staff Data (5 Nov 2015)

Michael Noonan: As I have previously advised the Deputy in Dail Question 90 of 24 September 2015, the overall cost of NAMA's redundancy programme will not exceed €20 million. That figure includes a retention payment element which is designed to ensure that NAMA retains key staff, and the expertise they hold, within the organisation for as long as they are needed. As set out in my...

Written Answers — Department of Finance: State Claims Agency (5 Nov 2015)

Michael Noonan: In response to the Deputy's question the State Claims Agency (SCA) have supplied the following information:  Table 1. Total Agency solicitors' fees paid in 2013 & 2014 Year Agency solicitor costs (€) 2013 12,271,052 2014 13,298,397 Total 25,569,449 The level of legal costs paid to plaintiffs' legal representatives is carefully reviewed and, wherever possible and...

Written Answers — Department of Finance: Primary Medical Certificates Provision (5 Nov 2015)

Michael Noonan: The Disabled Drivers and Disabled Passengers (Tax Concessions) Scheme provides relief from VAT and Vehicle Registration Tax (up to a certain limit) on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, an exemption from motor tax, and a fuel grant (up to a certain limit). In order to participate in the scheme, an...

Written Answers — Department of Finance: Budget Targets (5 Nov 2015)

Michael Noonan: Estimates of the gross and net fiscal space for the period 2017 to 2021 using the Expenditure Benchmark can be found in Tables A8 and A9 on pages C.50 and C.51 of the Budget 2016 book. The Expenditure Benchmark, restricts the year-on-year growth of government expenditure, net of discretionary revenue measures, to given reference rates, adjusted by the GDP deflator. The relevant reference...

Written Answers — Department of Finance: Tax Data (5 Nov 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the information which would be necessary to provide a cost estimate along the lines sought by the Deputy is not a feature of the information which is sought from companies as part of their annual tax returns. Where expenses incurred by an employee or office holder, such as non-executive director, do not satisfy the criteria which would allow...

Written Answers — Department of Finance: Tax Credits (5 Nov 2015)

Michael Noonan: Section 469 of the Taxes Consolidation Act 1997 provides for tax relief for an individual in a year of assessment where that individual has incurred relevant health care expenses in that year of assessment. In this context health care expenses includes non-routine dental expenses such as the fitting of braces. Section 469(2) provides that where an individual qualifies for this relief, the...

Single Resolution Fund: Motion (10 Nov 2015)

Michael Noonan: I move:That Dáil Éireann approves the terms of the Intergovernmental Agreement on the Transfer and Mutualisation of Contributions to the Single Resolution Fund as required under Article 29.5.2° of the Constitution, signed at Brussels on 21 May 2014, a copy which was laid before Dáil Éireann on 9 October 2015. I seek the approval of the Dáil of the motion on the...

Finance (Miscellaneous Provisions) Bill 2015: Order for Report Stage (10 Nov 2015)

Michael Noonan: I move: "That Report Stage be taken now."

Finance (Miscellaneous Provisions) Bill 2015: Report and Final Stages (10 Nov 2015)

Michael Noonan: I move amendment No. 1:In page 5, to delete lines 19 to 23 and substitute the following:"(3) Subject to subsections (4) and (5), this Act shall come into operation on the date of its passing. (4) Part 3 shall come into operation on 20 November 2015. (5) Part 4 shall come into operation on such day or days as the Minister may appoint by order or orders either generally or with reference to...

Finance (Miscellaneous Provisions) Bill 2015: Report and Final Stages (10 Nov 2015)

Michael Noonan: I move amendment No. 3:In page 17, to delete lines 8 to 11 and substitute the following:“(2) A regulatory act taken by the Bank under the relevant regulations in respect of a Solvency II undertaking on or before the commencement of this section continues to have effect according to its terms. (3) The Bank may enforce a regulatory act referred to in subsection (1) or (2). (4) The...

Written Answers — Department of Finance: Universal Social Charge Application (10 Nov 2015)

Michael Noonan: The USC was introduced in Budget 2011 to replace the Income Levy and Health Levy. It was a necessary measure to widen the tax base, remove poverty traps and maintain revenue to reduce the budget deficit. It is a more sustainable charge than those it replaced, and is applied at a low rate on a wide base.  The USC, like the Income Levy before it, does not apply to social welfare payments,...

Written Answers — Department of Finance: Credit Unions Regulation (10 Nov 2015)

Michael Noonan: My role as Minister for Finance is to ensure that the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. The Registrar of Credit Unions at the Central Bank is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts to support the prudential soundness of individual...

Written Answers — Department of Finance: Credit Unions (10 Nov 2015)

Michael Noonan: My role as Minister for Finance is to ensure that the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. The Registrar of Credit Unions at the Central Bank is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts to support the prudential soundness of individual...

Written Answers — Department of Finance: Credit Unions Regulation (10 Nov 2015)

Michael Noonan: I propose to take Questions Nos. 172 and 187 together. The Government recognises the distinct and important role that credit unions play in Irish society and the financial sector and is committed, with the Central Bank, to achieving our vision of financially strong, well governed credit unions providing services to current and future members. Commencement of all sections of the...