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Written Answers — Social Insurance: Social Insurance (21 Feb 2012)

Michael McGrath: Question 350: To ask the Minister for Social Protection her plans to levy PRSI on the rental income earned by landlords; and if she will make a statement on the matter. [9377/12]

Written Answers — Data Protection: Data Protection (21 Feb 2012)

Michael McGrath: Question 351: To ask the Minister for Social Protection if she will provide details of the number and nature of cases that she has referred to the Data Protection Commissioner relating to the possible access to and use of confidential, personal information held on its IT systems; and if she will make a statement on the matter. [9378/12]

Written Answers — Social Welfare Appeals: Social Welfare Appeals (21 Feb 2012)

Michael McGrath: Question 370: To ask the Minister for Social Protection the position regarding an illness benefit appeal in respect of a person (details supplied) in County Cork. [9685/12]

Written Answers — Preschool Services: Preschool Services (21 Feb 2012)

Michael McGrath: Question 589: To ask the Minister for Children and Youth Affairs if there are any circumstances in which children who marginally fall outside the age requirements may be considered under the early childhood care and education scheme; and if she will make a statement on the matter. [9322/12]

Leaders' Questions (22 Feb 2012)

Michael McGrath: That is what the Government signed up to; it was not included in the original deal.

Leaders' Questions (22 Feb 2012)

Michael McGrath: It was your plan.

Order of Business (22 Feb 2012)

Michael McGrath: Well done to the Labour Party.

Order of Business (22 Feb 2012)

Michael McGrath: Will an amendment to the National Lottery Act be required to fulfil the Government's objective, when issuing the next national lottery licence, of obtaining a significant up-front payment? Where does that fit in with today's statement by the Minister for Public Expenditure and Reform, Deputy Howlin?

Order of Business (22 Feb 2012)

Michael McGrath: The Taoiseach has said previously that the proceeds will go towards the national children's hospital. I do not see any reference to that in today's statement. Where does it stand?

Credit Availability (22 Feb 2012)

Michael McGrath: Question 1: To ask the Minister for Finance if he is satisfied that the pillar banks are genuinely meeting the targets for lending into the domestic economy; and his views that a more meaningful measure of the banks' lending performance would be the amount of new credit actually drawn down as opposed to the amount of credit approved. [10182/12]

Credit Availability (22 Feb 2012)

Michael McGrath: I thank the Minister of State for his response. What we all want to see is new credit circulating in the economy. That is the reason I tabled this question. The real test is the amount of new credit that is drawn down. I take the Minister of State's point that the banks can only control the amount of credit they sanction but often sanctioning of new credit by the banks comes with such...

Credit Availability (22 Feb 2012)

Michael McGrath: I thank the Minister of State for his reply. I am glad he acknowledged that the key test is the draw down of new credit by businesses in the country. I am concerned that we are still witnessing a situation of revolving credit where banks are bundling existing credit facilities such as overdrafts and company credit cards that businesses have, repackaging them as term loans and reporting them...

Tax Collection (22 Feb 2012)

Michael McGrath: Question 4: To ask the Minister for Finance the position regarding the recent initiative by the Revenue to ensure tax compliance among pensioners following on from the 150,000 letters issued by the Revenue in early January 2012; if he will confirm the number of the 150,000 pensioners that it is now believed have an extra tax liability; if he will confirm if the Budget day estimate of an...

Tax Collection (22 Feb 2012)

Michael McGrath: It was stated at the time the 150,000 letters were issued to pensioners by the Revenue Commissioners in early January that it was estimated 115,000 of the 150,000 pensioners would have an extra tax liability. I had hoped that by today the Revenue Commissioners would have given the Minister of State an up-to-date picture of the compliance initiative and where it stood for the pensioners...

Tax Collection (22 Feb 2012)

Michael McGrath: Contact has been made by the pensioners with the Revenue Commissioners to clarify their individual circumstances. As the chairman of the Revenue Commissioners advised the committee a number of weeks ago, thousands of pensioners have been in contact with the Revenue Commissioners by telephone and making inquiries at offices of the Revenue Commissioners. In many of these cases the information...

Banks Recapitalisation (22 Feb 2012)

Michael McGrath: As the Minister of State will be aware, the recapitalisation of Anglo Irish Bank was based on an estimate of its losses - somewhere in the range of €29 billion to €34 billion. Some months ago, the chairman of the bank, Mr. Alan Dukes, revised that estimate, stating that it could well be as low as €25 billion. The picture has become somewhat clearer recently with the sale of a...

Job Creation (22 Feb 2012)

Michael McGrath: The Government is in the process of establishing the strategic investment fund, which is a welcome development and can be used to channel investment into viable commercial projects. In that regard, is the Minister open to the proposal we made in our budget document in December and which is also supported by ICTU, that a portion of the €70 billion of assets held by Irish pension funds would...

State Banking Sector (22 Feb 2012)

Michael McGrath: Almost every Member of this House will accept that the previous Government in making the decisions it made in relation to Anglo Irish Bank was criminally misled by the bank about the scale of the losses it had on its books. Deputy Twomey is correct that taking on this enormous burden has had spill-over affects across the European Union. The EFSF has been replaced with the ESM which has a...

Written Answers — Financial Products: Financial Products (22 Feb 2012)

Michael McGrath: Question 13: To ask the Minister for Finance if he intends to raise with Permanent TSB the issue of the standard variable interest rate it charges on residential mortgages which, at 5.19%, is over 2% higher than the 3.04% charged by another State owned bank, AIB. [9889/12]

Written Answers — Credit Availability: Credit Availability (22 Feb 2012)

Michael McGrath: Question 58: To ask the Minister for Finance the progress made on the commitment in the programme for Government on ensuring that an adequate pool of credit is available to fund small and medium sized businesses in the real economy during the restructuring and downsizing programme; and if he will make a statement on the matter. [9369/12]

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