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Committee on Budgetary Oversight: Local Property Tax and Commercial Stamp Duty: Department of Finance (16 Jan 2018)

Colm Brophy: I thank Mr. Hogan for his comments. I apologise for the fact that I am unable to stay until the end of the meeting. Deputy Michael McGrath will take the Chair in my stead.

Committee on Budgetary Oversight: Local Property Tax and Commercial Stamp Duty: Department of Finance (16 Jan 2018)

Colm Brophy: No, I will leave it to Deputy McGrath.

Select Committee on Justice and Equality: Judicial Appointments Commission Bill 2017: Committee Stage (Resumed) (17 Jan 2018)

Colm Brophy: On a point of order, it is highly inappropriate for a Deputy at a committee to use facetious and smart comments-----

Select Committee on Justice and Equality: Judicial Appointments Commission Bill 2017: Committee Stage (Resumed) (17 Jan 2018)

Colm Brophy: -----when referring to a Government Minister, especially as the Deputy could be the recipient of a number of very smart comments in regard to himself, which people do not do.

Select Committee on Justice and Equality: Judicial Appointments Commission Bill 2017: Committee Stage (Resumed) (17 Jan 2018)

Colm Brophy: I ask that the Deputy would just make his contribution in a more respectful manner as his approach has been inappropriate.

Select Committee on Justice and Equality: Judicial Appointments Commission Bill 2017: Committee Stage (Resumed) (17 Jan 2018)

Colm Brophy: There is some confusion on my part on the Fianna Fáil position. I cannot understand why it could be so opposed to the establishment of such a committee while pointing out at the same time that it has no problem if it is established by the group itself. It seems to me that there is a contradiction. If there is no reason to have the committee, why is it fine if, after the appointments...

Select Committee on Justice and Equality: Judicial Appointments Commission Bill 2017: Committee Stage (Resumed) (17 Jan 2018)

Colm Brophy: It seems to be arguing on a pinhead.

Joint Oireachtas Committee on European Union Affairs: European Court of Auditors Annual Report 2016: Discussion (24 Jan 2018)

Colm Brophy: My apologies to the committee. I am chairing the Committee on Budgetary Oversight and we ran late today.

Committee on Budgetary Oversight: Proposal to Establish a Rainy Day Fund: Minister for Finance (31 Jan 2018)

Colm Brophy: Before we begin, I remind members and witnesses to turn off their mobile phones. Interference from mobile phones affects the sound quality and transmission of the meeting. I welcome the Minister for Finance and Minister for Public Expenditure and Reform, Deputy Paschal Donohoe. He is accompanied by Mr. John Palmer, principal officer of the economic division; and Mr. Eoin Dorgan, principal...

Committee on Budgetary Oversight: Proposal to Establish a Rainy Day Fund: Minister for Finance (31 Jan 2018)

Colm Brophy: I thank the Minister. A number of members have indicated that they wish to ask questions. I will add Deputy Heydon to that list while Deputy Burton is already on that list. We have a list of everybody who would like to ask questions. On foot of the end of this meeting, we will also write to the Minister with committee views as part of this.

Committee on Budgetary Oversight: Proposal to Establish a Rainy Day Fund: Minister for Finance (31 Jan 2018)

Colm Brophy: Just to brief the Minister, we have looked at having three areas of questioning per member as a first round and then coming back.

Committee on Budgetary Oversight: Proposal to Establish a Rainy Day Fund: Minister for Finance (31 Jan 2018)

Colm Brophy: Deputy, please, allow the Minister reply.

Committee on Budgetary Oversight: Proposal to Establish a Rainy Day Fund: Minister for Finance (31 Jan 2018)

Colm Brophy: The Deputy can come back in during the second round. I want to-----

Committee on Budgetary Oversight: Proposal to Establish a Rainy Day Fund: Minister for Finance (31 Jan 2018)

Colm Brophy: Deputy Burton will have to make this point very quickly.

Committee on Budgetary Oversight: Proposal to Establish a Rainy Day Fund: Minister for Finance (31 Jan 2018)

Colm Brophy: I am sorry Deputy Burton, but no. There is a second round.

Committee on Budgetary Oversight: Proposal to Establish a Rainy Day Fund: Minister for Finance (31 Jan 2018)

Colm Brophy: The Deputy can come back in on other points on housing and so on.

Committee on Budgetary Oversight: Proposal to Establish a Rainy Day Fund: Minister for Finance (31 Jan 2018)

Colm Brophy: There will be a second round for anyone who wishes to speak. I have two indications so far, so Deputy Heydon is not last. He need not worry.

Committee on Budgetary Oversight: Proposal to Establish a Rainy Day Fund: Minister for Finance (31 Jan 2018)

Colm Brophy: Everybody has had an opportunity to ask some questions at this stage. At least one Deputy has indicated a desire to ask another question. Before I go into a second round, I will ask the Minister a number of questions. The Minister touched on the European view on this matter. It is very early stages. I would have thought our European partners' view would be that budgetary issues are...

Committee on Budgetary Oversight: Proposal to Establish a Rainy Day Fund: Minister for Finance (31 Jan 2018)

Colm Brophy: That works in the process of the fund being a rainy day fund to tackle an event like a natural disaster. That is my understanding of where that exemption sits. If we were looking more at a countercyclical version of it to deal with a recessionary situation and the drawdown in that, is there the same scope within the rules to look at that in terms of the borrowing expenditure limits under...

Committee on Budgetary Oversight: Proposal to Establish a Rainy Day Fund: Minister for Finance (31 Jan 2018)

Colm Brophy: I thank the Minister. I have had an indication from Deputy Lahart to the effect that he wants to come back in. He will be followed by Deputy Jonathan O'Brien.

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