Results 23,121-23,140 of 33,175 for speaker:Paschal Donohoe

Committee on Budgetary Oversight: Framework for Parliamentary Engagement Throughout the Budgetary Cycle: Discussion (9 Feb 2021)

Paschal Donohoe: It sounds like a bicycle rather than a budget, does it not?

Committee on Budgetary Oversight: Framework for Parliamentary Engagement Throughout the Budgetary Cycle: Discussion (9 Feb 2021)

Paschal Donohoe: If I could come in there, I believe that the balance of decision-making between the Oireachtas and the Government is broadly correct. Putting together a budget, with all the decisions relating to it, is at the core of the ability of a Government to do its work, meet its commitments in the programme for Government and to have the ability to initiate and complete an annual budgetary process....

Committee on Budgetary Oversight: Framework for Parliamentary Engagement Throughout the Budgetary Cycle: Discussion (9 Feb 2021)

Paschal Donohoe: Not for long.

Committee on Budgetary Oversight: Framework for Parliamentary Engagement Throughout the Budgetary Cycle: Discussion (9 Feb 2021)

Paschal Donohoe: I just said that the Deputy will not be mute for long. I meant that in a humorous way.

Committee on Budgetary Oversight: Framework for Parliamentary Engagement Throughout the Budgetary Cycle: Discussion (9 Feb 2021)

Paschal Donohoe: I will begin by offering some thoughts on the debt issues raised by Deputy Boyd Barrett. Most of the figures he referenced in regard to the debt forecast are correct. By the end of last year, our debt stood at €219 billion, which is an increase of approximately €15 billion versus what we estimated it would be. Taking the two year period of last year and this year together,...

Committee on Budgetary Oversight: Framework for Parliamentary Engagement Throughout the Budgetary Cycle: Discussion (9 Feb 2021)

Paschal Donohoe: We have not considered CETA as a cause of risk in our forecasting for tax revenue. We have outlined many other issues that could impact on corporate tax revenue and on the performance of different tax heads but we do not assign a risk to the future of CETA in terms of the impact that it could have on our tax flows. It is not recorded as a risk in our tax revenue forecasting models.

Committee on Budgetary Oversight: Framework for Parliamentary Engagement Throughout the Budgetary Cycle: Discussion (9 Feb 2021)

Paschal Donohoe: The Tánaiste announced today a further set of initiatives to try to deal with those who are experiencing great hardship due to this disease but do not have the ability to participate in the CRSS. He has launched a fund today that is designed to support businesses that have premises but those premises are not public facing. For example, it could be a premises of a business that does not...

Committee on Budgetary Oversight: Framework for Parliamentary Engagement Throughout the Budgetary Cycle: Discussion (9 Feb 2021)

Paschal Donohoe: I must ask the Minister for Public Expenditure and Reform to address that question because the issue is under his direct control and I do not want to mislead the Deputy.

Committee on Budgetary Oversight: Framework for Parliamentary Engagement Throughout the Budgetary Cycle: Discussion (9 Feb 2021)

Paschal Donohoe: I would expect that when we have a more rounded set of indicators regarding how our budgets perform, progress on them will take time and that progress will be year by year and step by step. If I was to look at how we could do better than that, I think we should pick a very particular area of Government expenditure that could have a larger effect on well-being and make some choices, for...

Committee on Budgetary Oversight: Framework for Parliamentary Engagement Throughout the Budgetary Cycle: Discussion (9 Feb 2021)

Paschal Donohoe: I will deal with each of the Deputy's points in turn. We are reviewing the operation of the different schemes. The Deputy's analysis of them is pretty fair. Some of them have been successful in releasing credit to particular kinds of companies while with other schemes, in particular the credit guarantee scheme, we have not seen the drawdown of a large amount of much of that facility yet....

Committee on Budgetary Oversight: Framework for Parliamentary Engagement Throughout the Budgetary Cycle: Discussion (9 Feb 2021)

Paschal Donohoe: I have given much consideration to the effects of the withdrawal of Ulster Bank from the Irish economy, were it to happen, and the effects of that for current account holders, for those who have mortgages and for those who are looking to secure credit from Ulster Bank in the future. Those concerns are really important and I take them very seriously. Ulster Bank is a very important part of...

Written Answers — Department of Finance: Insurance Industry (10 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 186 and 188 together. At the outset, while I have an appreciation of the specific issue the Deputy raises, neither I, nor the Central Bank of Ireland, can direct the pricing of insurance products, as this is a commercial matter. In addition, we cannot compel any insurer operating in the Irish market to provide cover to specific individuals or groups, nor...

Written Answers — Department of Finance: Covid-19 Pandemic Supports (10 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 187, 190, 191, 196, 199, 200, 205, 211 to 213, inclusive, 215, 218, 219, 224 to 227, inclusive, 229, 233, 235, 236 and 238 together. The CRSS is a targeted support for businesses significantly impacted by restrictions introduced by the Government under public health regulations to combat the effects of the Covid-19 pandemic. The support is available to...

Written Answers — Department of Finance: Credit Register (10 Feb 2021)

Paschal Donohoe: The Central Credit Register is established by the Central Bank under the Credit Reporting Act 2013 (the “Act”). The Act obliges lenders to submit specified personal and credit information in respect of credit applications and credit agreements to the Central Credit Register. There is no obligation on lenders to provide any underlying documentation, such as credit application...

Written Answers — Department of Finance: Help-To-Buy Scheme (10 Feb 2021)

Paschal Donohoe: The Help to Buy incentive (HTB) is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund of Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in the legislation. The incentive is scheduled to operate until the end of 2021. ...

Written Answers — Department of Finance: Tax Data (10 Feb 2021)

Paschal Donohoe: I propose to take Questions Nos. 193, 194 and 204 together. The position on the tax treatment of payments received under the various income support schemes has been clearly communicated effectively since they were introduced in 2020 in response to the covid-19 pandemic. Payments made under the Temporary Wage Subsidy Scheme (TWSS) and Pandemic Unemployment Payment (PUP) are income supports...