Results 28,541-28,560 of 33,214 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Economic Policy (10 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 211 and 214 together. Ireland is currently facing many of the same economic headwinds as the wider European economy. The invasion of Ukraine and Russia’s weaponisation of gas supplies has triggered an exceptionally large energy price shock and undermined global economic prospects. Europe has been particularly exposed to the economic consequences of...

Written Answers — Department of Finance: Foreign Direct Investment (10 Nov 2022)

Paschal Donohoe: I propose to take Questions Nos. 212 and 213 together. Ireland’s industrial policy has been highly successful in attracting foreign direct investment (FDI), contributing to sustained economic activity over the past number of decades. The strong regulatory and legal environment as well as stable and pro-enterprise policy, combined with a talented workforce, is reflected in the level...

Written Answers — Department of Finance: Budget 2023 (10 Nov 2022)

Paschal Donohoe: Following the full easing of pandemic-related restrictions earlier this year, economic activity rebounded strongly with little, if any, evidence of permanent ‘scarring’ to the economy. However, the invasion of Ukraine and Russia’s weaponisation of energy supply has triggered a large energy price shock and undermined global economic prospects. Inflationary pressures have...

Written Answers — Department of Finance: Economic Policy (10 Nov 2022)

Paschal Donohoe: The Irish economy began this year on a solid footing. As we emerged from pandemic-relating restrictions, economic activity rebounded strongly with little, if any, evidence of permanent ‘scarring’ to the economy. However, the global economic outlook quickly deteriorated as Putin’s war in Ukraine and weaponisation of energy supply sparked inflationary pressures. We...

Written Answers — Department of Finance: Economic Policy (10 Nov 2022)

Paschal Donohoe: The Consumer price (HICP) inflation picked up sharply over the course of the last year and in October stood at 9.6 per cent. Almost every advanced country in the world is in the same position, with euro area inflation reaching a record 10.7 per cent in October. The key driver of global inflationary pressures at present is the sharp rise in energy, food and other commodity prices as a...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I thank the Deputy for his question. While my officials are preparing the information for me, I might, with the consent of the committee, indicate a Report Stage amendment. I refer back to a discussion we had on Thursday afternoon last on section 3 of the Bill, relating to the tax treatment of the incorrect birth registration payment. I wish to correct the record. I indicated to Deputy...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: We are not aware of that as an issue. There is nothing to stop people bringing forward vouchers of a low value. It has not been flagged to our Department that there are any security or cybersecurity issues around that. If the Deputy wants to give me a copy of the email or send it on to me, we will certainly have a look at it and furnish her with a response. We are not aware of any issue...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I take the Deputy's point. He is accurate in describing what would happen if someone were to lose their job and the payment that would need to be made back to the employer. It does happen and can happen. It has not been raised with me as being a regular matter but I accept the point the Deputy is making. On section 8, this is something that should be looked at in the future. In terms of...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2022: Committee Stage (Resumed) (15 Nov 2022)

Paschal Donohoe: I thank the Deputy for tabling these amendments. On amendment No. 6, the cycle to work scheme provides, as the committee will know, that employees can avail of the scheme once in a four-year period. The reduction from five years was provided for in the Financial Provisions (Covid-19) (No. 2) Act 2020. The scheme covers the cost of bicycle locks and other safety equipment to deter bicycle...