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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Financial Transaction Tax: Discussion with Department of Finance (2 Oct 2013)

Kieran O'Donnell: That is like saying that if I buy a car as an individual that I am not paying vehicle registration tax, because it does not apply to me, but the car still attracts the VRT.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Financial Transaction Tax: Discussion with Department of Finance (2 Oct 2013)

Kieran O'Donnell: The point I am trying to make in a roundabout way is that-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Financial Transaction Tax: Discussion with Department of Finance (2 Oct 2013)

Kieran O'Donnell: The Chairman is eating into my time. Is there a fundamental flaw in the financial transaction tax as proposed? Does Ms McVeigh understand my point? It seems no one can agree on the financial transaction tax directive. There appears to be very little empirical work done on the directive. It could have very great consequences for countries such as Ireland and the UK because of the high...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Financial Transaction Tax: Discussion with Department of Finance (2 Oct 2013)

Kieran O'Donnell: There does not appear to have been sufficient analysis.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Financial Transaction Tax: Discussion with Department of Finance (2 Oct 2013)

Kieran O'Donnell: Does Ms McVeigh share that opinion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Financial Transaction Tax: Discussion with Department of Finance (2 Oct 2013)

Kieran O'Donnell: I am referring to empirical evidence at European Commission level and within the eleven countries. Are people fully aware of the full implications for Europe as an entity-----

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Superannuation and Retired Allowances
Vote 42 - Office of the Minister for Public Expenditure and Reform
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 12 - Vote Accounting
Chapter 13 - Procurement without a Competitive Process
(3 Oct 2013)

Kieran O'Donnell: I only have two or three questions. I welcome Mr. Watt and his colleagues. There are a few quick points on which I want to check. Are the savings under the Haddington Road agreement built into the individual budgets of each Department or are they a top-line item for Ireland Inc.?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Superannuation and Retired Allowances
Vote 42 - Office of the Minister for Public Expenditure and Reform
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 12 - Vote Accounting
Chapter 13 - Procurement without a Competitive Process
(3 Oct 2013)

Kieran O'Donnell: Each Department must find savings in the budget, so how are the percentages arrived at in terms of whole of government thinking or within individual Departments? How does that process evolve?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Superannuation and Retired Allowances
Vote 42 - Office of the Minister for Public Expenditure and Reform
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 12 - Vote Accounting
Chapter 13 - Procurement without a Competitive Process
(3 Oct 2013)

Kieran O'Donnell: If there are demand-led schemes in individual Departments, is there a weighting given according to practicalities of budgets? I am thinking of the health budget, for example.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Superannuation and Retired Allowances
Vote 42 - Office of the Minister for Public Expenditure and Reform
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 12 - Vote Accounting
Chapter 13 - Procurement without a Competitive Process
(3 Oct 2013)

Kieran O'Donnell: With regard to public private partnerships, have revised assessment procedures been introduced with regard to risk analysis? We do not want cases arising of the likes of the Limerick tunnel, which is costing €6 million per year because the analysis did not bear out. What new procedures have been put in place to account for that type of risk analysis?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Superannuation and Retired Allowances
Vote 42 - Office of the Minister for Public Expenditure and Reform
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 12 - Vote Accounting
Chapter 13 - Procurement without a Competitive Process
(3 Oct 2013)

Kieran O'Donnell: Procedures have been changed.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Superannuation and Retired Allowances
Vote 42 - Office of the Minister for Public Expenditure and Reform
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 12 - Vote Accounting
Chapter 13 - Procurement without a Competitive Process
(3 Oct 2013)

Kieran O'Donnell: Yes, in the current climate.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Superannuation and Retired Allowances
Vote 42 - Office of the Minister for Public Expenditure and Reform
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 12 - Vote Accounting
Chapter 13 - Procurement without a Competitive Process
(3 Oct 2013)

Kieran O'Donnell: I have a final question on a future issue. The average age of staff in the public sector is creeping towards 50 years of age and over the next ten years that trend will continue. A total of 4% of the staff are under the age of 30 years. I am not being ageist but I make the point that as time passes the sector will be losing skills and intellectual property. What is the Department...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Superannuation and Retired Allowances
Vote 42 - Office of the Minister for Public Expenditure and Reform
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 12 - Vote Accounting
Chapter 13 - Procurement without a Competitive Process
(3 Oct 2013)

Kieran O'Donnell: Half of the staff are over the age of 50 years.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Superannuation and Retired Allowances
Vote 42 - Office of the Minister for Public Expenditure and Reform
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 12 - Vote Accounting
Chapter 13 - Procurement without a Competitive Process
(3 Oct 2013)

Kieran O'Donnell: The ladies are definitely bringing the age way down.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Superannuation and Retired Allowances
Vote 42 - Office of the Minister for Public Expenditure and Reform
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 12 - Vote Accounting
Chapter 13 - Procurement without a Competitive Process
(3 Oct 2013)

Kieran O'Donnell: What levels of recruitment does Mr. Watt envisage?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Superannuation and Retired Allowances
Vote 42 - Office of the Minister for Public Expenditure and Reform
Chapter 6 - Financial Commitments under Public Private Partnerships
Chapter 12 - Vote Accounting
Chapter 13 - Procurement without a Competitive Process
(3 Oct 2013)

Kieran O'Donnell: What percentage would Mr. Watt seek to recruit every year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)

Kieran O'Donnell: We are here to extract information. When the witnesses are going through the presentation would they take account of the fact that we have only just received the information?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)

Kieran O'Donnell: I agree that in future the Department should give us the information in advance. We need to get the presentation under way.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)

Kieran O'Donnell: Thank you.

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