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Special Committee on Covid-19 Response: World Health Organization: Public Health Advice (11 Jun 2020)

John McGuinness: Why is it that many of these viruses originate in China? The reactions to the Covid-19 virus of Japan and Taiwan, which are quite close to China, had a very successful outcome in controlling it. They are almost back to normal business now. Masks were applied there too. People were mandated to have masks on public transport. They reacted in a different way. Where is the science behind...

Special Committee on Covid-19 Response: Business of Special Committee (16 Jun 2020)

John McGuinness: Is it possible that the questions which went unanswered on which we were to be sent written reply would be flagged, given the quantity of correspondence being received, if the clerk does not mind?

Special Committee on Covid-19 Response: Business of Special Committee (16 Jun 2020)

John McGuinness: Thanks. There was a written request from Seas Suas to come before the committee regarding childcare. I do not know whether the Chairman agreed to that but I would like to see that group come in.

Special Committee on Covid-19 Response: Business of Special Committee (16 Jun 2020)

John McGuinness: I ask that my interest be noted.

Special Committee on Covid-19 Response: Business of Special Committee (16 Jun 2020)

John McGuinness: Thank you.

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

John McGuinness: Mr. Barnes maintains the macroeconomic outlook is one that is quite different from that when we were in the financial crash. Will he accept, however, that the microeconomic difficulties are there to a far greater extent because of the debt burden being carried by the SME sector arising from that crash? Accordingly, its ability to recover after Covid-19 is will be far more difficult and will...

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

John McGuinness: I am surprised that Mr. Barnes has not factored in the SME performance relative to the debt that it is carrying from the past into the modelling for the recovery nationally and the creation of jobs, to which all of this is linked. I have the view that it will take the SME sector far longer to recover and the length and the type of recovery will depend completely on the level of supports it...

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

John McGuinness: May I suggest that it will also make a difference in regard to the value of the stimulus package, which is to cost between €10 billion and €22 billion? If the council had the analysis, it might feed more favourably into the political policy on the recovery and the business sector. Could Mr. Barnes give us a timeline, in years, for phases 1, 2 and 3?

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

John McGuinness: Is the problem not related to the programme Mr Barnes mentioned? He said the phases relate to the programme. There is nothing really factual in the programme in terms of costs. Therefore, we do not know where that programme will end up or, indeed, how much of it will be implemented. That is a concern where taxes are concerned because there is a commitment to no increase in taxes. If...

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

John McGuinness: For the layman, how much is that in billions?

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

John McGuinness: Who?

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

John McGuinness: Roughly how much will we add to the debt in each of the years up to 2023 if we decide to borrow every year?

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

John McGuinness: Is Dr. Casey saying €14 billion?

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

John McGuinness: If, as in the programme for Government, the Government embarks upon the Sláintecare model, which will cost €2.5 billion a year, is that part of the €14 billion that the council is talking about?

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

John McGuinness: I still want clarity on this, please. Including all the stimulus packages, the input into Sláintecare, the €2.5 billion, and the fact that we are spending €1.60 for every euro of tax that we collect, how much will the national debt increase above €200 billion each year for the next three years, loosely? Dr. Casey says it will be €14 billion plus something....

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

John McGuinness: Dr. Casey is the economist but I am the practitioner. I would dispute that figure. SMEs came in to us and made it perfectly clear that they required substantial free money to deal with their indebtedness, and most of it has been brought forward from previous years. To give them half a chance at recovery, we need Dr. Casey's figures to impress on Government that it has to support the SME...

Special Committee on Covid-19 Response: Business of Special Committee (23 Jun 2020)

John McGuinness: The Chairman and Deputy Carroll MacNeill did very well this morning sorting out the problems of the world for the public.

Special Committee on Covid-19 Response: Business of Special Committee (23 Jun 2020)

John McGuinness: Is that what happened in the case of Seas Suas?

Special Committee on Covid-19 Response: Business of Special Committee (23 Jun 2020)

John McGuinness: Will that organisation be included?

Special Committee on Covid-19 Response: Business of Special Committee (23 Jun 2020)

John McGuinness: Okay.

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