Results 21,621-21,640 of 26,162 for speaker:Kieran O'Donnell
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: To be spent in 2022.
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: With the growth in taxes, would the Irish Fiscal Advisory Council be against going above the figure of €2.5 billion in temporary supports for very hard-pressed householders and for businesses in the area of energy?
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: I accept that.
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: With due respect to Dr. Casey, we are elected by the people. We have people on the ground who are under severe pressure. We therefore have to ask the hard questions.
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: Turning to the ESRI, I want to come back to getting energy costs down, rather than just more inflation.
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: If we did not have it, we could not make that choice.
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: This feeds into my second question, which is on energy costs. On the ESRI report, I want the institute to explain some evidence, which is that some energy companies are using the greater-than-expected profits on the generation side to offset losses on the supply side, thereby putting downward pressure on customer prices. My question to both the Irish Fiscal Advisory Council and to the ESRI...
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: The €200 credit is something Dr. Lynch would agree with. Will Mr. Barnes respond briefly?
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: I am seeking clarification from Mr. Barnes on a particular point. In response to my initial questioning, he said the IFAC is expecting a surplus of €4.2 billion rather than €1.2 billion, which I calculate as a difference of €3.3 billion. However, he indicated that within that €1.2 billion, the Government is bringing forward €2.5 billion of temporary...
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: Therefore, it looks like the €3.3 billion on top is completely separate. The way I look at it - Mr. Barnes might not agree but it is factual, as I make it out - the Government can technically spend between €2.5 billion and €5.8 billion on temporary measures and still meet its targets as set out in the summer economic statement. I am not saying it will do that; I am just...
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: It has a target in its summer economic statement of a surplus of €1.2 billion.
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: It is the most up-to-date figure we have.
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: I accept that.
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: What should the Government do with the €3.3 billion above that figure which it will take in?
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: Is there ever a scenario in which, with €500 million put into the rainy day fund, that €3.3 billion in unexpected taxes can be used in a targeted way for once-off measures? We are in a wartime situation with energy prices. What is happening in Russia is partly the reason gas prices have gone up. Is there any circumstance in which we would use some of the €3.3 billion...
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: What is the scope for the Government? I read Mr. Barnes's piece on our borrowings. There are low interest rates on bonds in the secondary bond market. The ECB has gone back into that market, which has brought down interest rates. If, in the coming 12 months, we have a catastrophic situation in which energy prices get out of control and this has a huge impact on growth, brings down tax...
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: Could we borrow €20 billion or €30 billion at present?
- Committee on Budgetary Oversight: Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (7 Sep 2022)
Kieran O'Donnell: That is good to know.
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Nitrates Derogation and Nitrates Action Programme: Discussion (14 Sep 2022)
Kieran O'Donnell: For the ordinary person, my understanding is that there are three zones in Ireland for spreading fertiliser. I am not saying one farmer is better than another but could we have a situation where one farmer, who is highly efficient in climate and carbon reduction, may be alongside another who may not be and because they are in the same zone they will both be hit with the same penalty? Mr....
- Joint Oireachtas Committee on Agriculture, Food and the Marine: Nitrates Derogation and Nitrates Action Programme: Discussion (14 Sep 2022)
Kieran O'Donnell: Am I correct that within the zones all farmers are treated the same and it is based on the overall quality of water in the zone? Am I correct in that or am I interpreting it incorrectly?