Results 2,261-2,280 of 27,019 for speaker:Michael Noonan

Written Answers — Departmental Staff: Departmental Staff (28 Jun 2011)

Michael Noonan: Mr. John Moran, who is on secondment to the Department from the Central Bank of Ireland, has been assigned to oversee the recently announced restructuring of the banking sector and associated issues. He leads the relevant team within the Department and reports directly to the Secretary General. Over time, a number of specialist staff have been recruited to supplement the in-house expertise...

Written Answers — Ministerial Appointments: Ministerial Appointments (28 Jun 2011)

Michael Noonan: My colleague the Minister for Public Expenditure and Reform will be approaching prospective candidates this week and hopes to be in a position to announce the names of the five external appointees next week.

Written Answers — Departmental Programmes: Departmental Programmes (28 Jun 2011)

Michael Noonan: I propose to take Questions Nos. 135 and 146 to 148, inclusive, together. The Comprehensive Review of Expenditure (CRE) process was formally initiated by my colleague Mr. Brendan Howlin, T.D. Minister for Public Expenditure and Reform, in early May. The objectives of the review are to provide the Government with a full set of decision options to meet the overall fiscal consolidation...

Written Answers — Proposed Legislation: Proposed Legislation (28 Jun 2011)

Michael Noonan: The Government Programme for National Recovery 2011-2016 provides that the Government will establish a new model of financing social interventions called Social Impact Bonds that share audited Exchequer savings with charitable and voluntary organisations. The Government will consider how best to establish this new and innovative mechanism and will bring forward proposals in due course.

Written Answers — Departmental Agencies: Departmental Agencies (28 Jun 2011)

Michael Noonan: Details in respect of staff numbers and the annual pay bill in respect of my Department and the Finance Group of votes are contained in the book of Estimates which is published on an annual basis. Details in respect of staff numbers and the annual pay bill in respect of my Department and the Finance Group of votes are contained in book of Estimates which is published on an annual basis....

Written Answers — Tax Code: Tax Code (28 Jun 2011)

Michael Noonan: I am advised by the Revenue Commissioners that this is the sixth Parliamentary Question in connection with this matter. Questions were asked previously on 27th May 2010, 8th July 2010, 29th September 2010, 4th November 2010 and the 19th May 2011 about this matter. The facts remain as follows: Following a Revenue audit, deductions incorrectly claimed by the taxpayer were withdrawn, giving...

Written Answers — EU-IMF Fund: EU-IMF Fund (28 Jun 2011)

Michael Noonan: I propose to take Questions Nos. 152 and 153 together. To date, Ireland's nominal borrowings under the EU/IMF Programme amount to €23 billion. Details of the loans disbursed to date as supplied by the NTMA to my Department are set out in the table. The information includes the dates of draw downs, the amounts, the maturity or term, the equivalent annual interest rates based on the total...

Written Answers — Credit Availability: Credit Availability (28 Jun 2011)

Michael Noonan: The Credit Review Office has completed 54 reviews. There are a further 18 applications proceeding through the review process with 10 other applications on hand but whose eligibility has not yet been confirmed. The banks credit decision was upheld in 23 of the 54 reviews completed. More work was required by the borrower and bank or the review was withdrawn in 7 other cases. In the remaining...

Written Answers — EU-IMF Fund: EU-IMF Fund (28 Jun 2011)

Michael Noonan: During an ongoing crisis, it is important for relationships between institutions to be developed, in order to allow for confidential negotiations to take place, especially on particularly sensitive issues. This is particularly the case in relation to the Irish authorities dealing with the ECB. It is normal practice for states to protect the confidentiality of these discussions, and in fact...

Written Answers — Budgetary Process: Budgetary Process (28 Jun 2011)

Michael Noonan: I propose to take Questions Nos. 156 and 157 together. My Department will publish a pre-Budget Outlook in October of this year and, as is the norm, it is intended that Budget 2012 will be presented to the Dáil in early December, though the exact date has yet to be decided. Similarly, while the exact dates have not been set, the Revised Estimates Volume would normally be published in...

Written Answers — Budgetary Process: Budgetary Process (28 Jun 2011)

Michael Noonan: The overall fiscal adjustment for 2012 underpinning the Joint EU/IMF Programme of Financial Support is €3.6 billion and this will be implemented through a combination of further reductions to public expenditure and additional revenue raising measures. The Stability Programme Update submitted to the European Commission in April forecasts the 2012 General Government deficit at 8.6% of GDP....

Written Answers — Fiscal Policy: Fiscal Policy (28 Jun 2011)

Michael Noonan: I have indicated to the House that, consistent with Government policy, I will raise the issue of burden sharing which will allow for the imposition of loses on unguaranteed and unsecured senior bondholders in Anglo and INBS with the IMF and EU authorities in the autumn. I have also indicated that we will take no unilateral action in this area. While legislation is in place to provided for...

Written Answers — EU-IMF Fund: EU-IMF Fund (28 Jun 2011)

Michael Noonan: Future disbursements are kept under constant review and are the subject of discussion in the quarterly reviews. Disbursements in each quarter can only take place after the IMF Executive Board, the Eurogroup and ECOFIN have approved the compliance reports prepared, respectively, by IMF Staff and the European Commission Services. The actual disbursements take place in the period following the...

Written Answers — Public Service Contracts: Public Service Contracts (28 Jun 2011)

Michael Noonan: The Department of Finance, the Department of Public Expenditure and Reform, the Office of the Revenue Commissioners, the Comptroller and Auditor General, the Information Commissioner, the Office of the Ombudsman, the State Laboratory, and the Valuation Office do not outsource IT services, in the normal industry sense of the word and consequently do not have any contracts for outsourcing IT...

Written Answers — Fiscal Policy: Fiscal Policy (28 Jun 2011)

Michael Noonan: I would like to inform the Deputy that there are a number of measures in place to assist mortgage holders who are in genuine difficulties with regard to the payment of their mortgages. The Deputy will be aware of the work of the Expert Group on Mortgage Arrears and Personal Debt. This Group published its final Report in November 2010. All of the Expert Group's recommendations are listed in...

Written Answers — Proposed Legislation: Proposed Legislation (28 Jun 2011)

Michael Noonan: The Finance Act 2011 contains legislation that, subject to a Ministerial Commencement Order, provides for the extension of betting duty to remote bookmakers and betting exchanges. The tax changes provided for in the Finance Act can only be implemented once the Betting (Amendment) Bill, which will provide for a regulatory and licensing regime, is enacted. The Betting (Amendment) Bill 2011 is...

Written Answers — Tax Reliefs: Tax Reliefs (28 Jun 2011)

Michael Noonan: Section 13 of Finance Act 2011 provided for income tax relief at the standard rate for expenditure incurred by individuals on a range of works carried out to improve the energy efficiency of residential premises situated in the State. The underpinning legislation for the scheme was subject to Commencement Order. However, that legislation, on review, was found to have flaws and would have...

Written Answers — Tax Code: Tax Code (28 Jun 2011)

Michael Noonan: I am advised by the Revenue Commissioners that Section 117 of the Finance Act 2010 provides for VAT to be charged in respect of the receipts from certain activities of public bodies, including Departments of State, local authorities and bodies established by enactment, with effect from 1 July 2011. Before further comment can be made in this case additional information regarding the VAT...

Written Answers — Public Procurement: Public Procurement (29 Jun 2011)

Michael Noonan: The position is that whilst public bodies may use a prospective contractor's turnover to assess a company's financial capacity, there are no centrally imposed requirements for a minimum turnover. Such requirements would normally be developed on a case by case basis with reference to the specific needs of the contract. The Government recognises that the small and medium enterprise (SME)...

Written Answers — Pension Provisions: Pension Provisions (29 Jun 2011)

Michael Noonan: I am not in a position to comment on the matter based on the information supplied with the question. I would advise that the individual concerned send all of the details of her pension plan and correspondence with the provider concerned (together with the details of her public service pension entitlements) to the Office of the Revenue Commissioners, Large Cases Division, Financial Services...