Results 3,541-3,560 of 7,412 for speaker:Neasa Hourigan
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: For clarity, the question is whether either Department has done costings on the funding for the introduction of that tax, if it was to be done.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Yes, go for it.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: I do not see anybody raising their hand to come back in. I have some questions of my own. I will start with the national reserve fund, which we are not allowed call the rainy day fund anymore. I will go back a little to the national reserve fund in order to clarify some points. Some €2 billion was allocated to it in 2022 and €4 billion in 2023. There is a cap of €8...
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Yes.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: So the fund will have to be varied to do that.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Okay, but it will land in front of Deputies to vary the fund to allow that transfer to be made. Are there plans to vary it in any other way, like exceeding the cap more generally?
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Pretty quick.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: I believe it can. Is that on the cards? I will ask that in a non-policy way. Is that something the officials have looked at?
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Okay. It seems we have not planned any allocations for 2024 or 2025, or at least I have no information on that. Is that something the Departments have planned and simply not released?
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Okay, but the estimated revenue is €18.5 billion, so one can imagine some of that would probably be making its way towards the reserve.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: I am sorry. This is from the Parliamentary Budget Office, PBO, numbers. The revenue windfall as outlined in the way we are outlining it for the previous allocations, if we were taking it the same way, is quite extensive so one would imagine some of that would end up in the reserve.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: I am not asking that. The Department has no rule in place at the moment. There was a rule of €500 million. This is why I am asking.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: My non-policy question is whether there is any intent to link the annual transfers to the estimates of the windfall. Have the officials done work on that?
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Okay, great. I thank Mr. McGann. The officials also did some work on whether we should have a national pension reserve fund.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: I know.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Which is major.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Wow.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: However, to do that you would have to split the fund, basically.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: I get that.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Yes.