Results 3,861-3,880 of 27,945 for speaker:Michael McGrath

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Michael McGrath: There were meetings earlier this week of the Eurogroup and ECOFIN. The key outcome for Ireland was the possibility of extending the maturity of the money we have drawn down so far, under both of those streams of funding, over a longer term. The maturity was not set but presumably it will apply over a 30 year term or possibly longer. Has the NTMA calculated the potential savings for Ireland...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Michael McGrath: Based on reasonable assumptions with regard to the issues to which Mr. Corrigan has referred, will there be potential savings of billions of euro or hundreds of millions? Surely there has been some preliminary analysis.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Michael McGrath: It was based on certain assumptions. Is that the position?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Michael McGrath: The NTMA made changes to several State savings products before Christmas. At short notice - in fact, overnight - the NTMA significantly reduced some of the interest rates being paid on many of the products offered by the NTMA through An Post. This will have a major impact for many savers. No doubt the NTMA will point out that they are still competitive and I believe the rates are still...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Michael McGrath: Did the Department seek a reduction?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Michael McGrath: My final question relates to senior executives employed by the NTMA, perhaps in some cases seconded to the Department of Finance, moving on to senior positions in banks without any cooling-off period. This issue was brought into focus recently with the case of Mr. Michael Torpey, who moved from the Department of Finance to a senior position in the Bank of Ireland. I presume he was still...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Michael McGrath: The issue of the need for a cooling-off period needs to be reviewed.

An Garda Síochána: Motion [Private Members] (29 Jan 2013)

Michael McGrath: I begin by expressing my sympathies to the wife and family of Detective Garda Adrian Donohoe who was so callously killed last Friday night in County Louth. Like those who gunned down Detective Garda Jerry McCabe in Adare in 1996, those responsible for this murder are nothing other than ruthless criminals, cowards and callous killers. I know that everybody in this House joins with the...

Written Answers — Department of Finance: Tax Credits (29 Jan 2013)

Michael McGrath: To ask the Minister for Finance if he will confirm the number of employee tax credit certificates for 2013 that have been issued to date to employers; if he will confirm the number that are still outstanding; the reason certain tax credit certificates have yet to be issued; and if he will confirm the basis on which employees in respect of whom a certificate has not been issued will be taxed...

Written Answers — Department of Finance: EU-IMF Programme of Support (29 Jan 2013)

Michael McGrath: To ask the Minister for Finance if he will detail the policies being implemented by his Department on which he wrote to the EU / ECB / IMF troika; and if he will make a statement on the matter. [3882/13]

Written Answers — Department of Finance: EU-IMF Programme of Support (29 Jan 2013)

Michael McGrath: To ask the Minister for Finance the amount of loans maturing under the EU / IMF programme in each year from 2015 in tabular form; and if he will make a statement on the matter. [4106/13]

Written Answers — Department of Finance: EU-IMF Programme of Support (29 Jan 2013)

Michael McGrath: To ask the Minister for Finance if he has asked the IMF to consider extending maturities of loans to Ireland in a manner similar to the consideration being given to extending loans from the EFSF and EFSM; and if he will make a statement on the matter. [4107/13]

Written Answers — Department of Finance: Government Bonds (29 Jan 2013)

Michael McGrath: To ask the Minister for Finance the preconditions which apply in order for Irish Government bonds to be eligible for purchase under the ECB's outright monetary transactions; and if he will make a statement on the matter. [4108/13]

Written Answers — Department of Finance: EU-IMF Programme of Support (29 Jan 2013)

Michael McGrath: To ask the Minister for Finance the discussions he has had with the Troika in respect of the possibility of putting in place precautionary funding lines when the Ireland EU / IMF programme concludes; and if he will make a statement on the matter. [4109/13]

Written Answers — Department of Finance: Tax Reliefs (29 Jan 2013)

Michael McGrath: To ask the Minister for Finance in view of the usefulness of his carbon tax relieving measures for environmentally friendly heat and power cogeneration in Finance Act 2012, when it is proposed to designate competent authorities under Section 81(g) of the Finance Act 2012 to review and approve systems appropriate to the relief; and if he will make a statement on the matter. [4136/13]

Written Answers — Department of Finance: State Savings Scheme (29 Jan 2013)

Michael McGrath: To ask the Minister for Finance in the context of the recent reduction in interest rates paid on State Savings products, if he or his Department had been lobbied by any of the covered institutions in favour of such reductions; if he or his Department expressed a view to the National Treasury Management Agency in respect of the pricing of these products; and if he will make a statement on the...

Written Answers — Department of Finance: European Stability Programmes (29 Jan 2013)

Michael McGrath: To ask the Minister for Finance the supervision process that is imposed on countries who have exited the excessive deficit procedure but who still have over 75% of loans drawn down from the European Financial Stability Facility outstanding; and if he will make a statement on the matter. [4201/13]

Written Answers — Department of Finance: European Stability Mechanism (29 Jan 2013)

Michael McGrath: To ask the Minister for Finance if he has sought a deferral of interest payable on loans from the European Financial Stability Facility and European Financial Stabilisation Mechanism; if he sees merit in such a course of action; and if he will make a statement on the matter. [4202/13]

Written Answers — Department of Finance: Property Taxation (29 Jan 2013)

Michael McGrath: To ask the Minister for Finance his estimate of the number of houses that will be entitled to an exemption from the local property tax; and if he will make a statement on the matter. [4205/13]

Written Answers — Department of Finance: NAMA Property Leases (29 Jan 2013)

Michael McGrath: To ask the Minister for Finance the average length of time that the National Assets Management Agency takes for processing applications for rent abatement for commercial clients; the process for making such applications; and if he will make a statement on the matter. [4206/13]