Results 481-500 of 49,836 for speaker:Stephen Donnelly

Ceisteanna - Questions - Priority Questions: Bank Guarantee Scheme (4 Oct 2012)

Stephen Donnelly: On the repayment of the bondholders, the logic the Minister has just given is Fianna Fáil economics, which is that we need to borrow and therefore we will pay off all of these debts because if we do not, people will not lend to us. Exactly the opposite is true and my position is very well thought through. Fianna Fáil's position was not thought through and I suggest the Minister's...

Ceisteanna - Questions - Priority Questions: Bank Guarantee Scheme (4 Oct 2012)

Stephen Donnelly: This was unguaranteed. It was not 2009.

Ceisteanna - Questions - Priority Questions: Bank Guarantee Scheme (4 Oct 2012)

Stephen Donnelly: No. The Minister's information is incorrect. It was not 2009.

Ceisteanna - Questions - Priority Questions: Bank Guarantee Scheme (4 Oct 2012)

Stephen Donnelly: It was an unguaranteed bond which means it was before September 2008. Does the Minister not even know the difference between a guaranteed and an unguaranteed bond?

Ceisteanna - Questions - Priority Questions: Bank Guarantee Scheme (4 Oct 2012)

Stephen Donnelly: Does the Minister think he just paid a guaranteed bond? Is this what Minister is saying?

Ceisteanna - Questions - Priority Questions: Bank Guarantee Scheme (4 Oct 2012)

Stephen Donnelly: That is ridiculous.

Ceisteanna - Questions - Priority Questions: Bank Guarantee Scheme (4 Oct 2012)

Stephen Donnelly: Did the Minister just suggest that what was paid with a guaranteed bond?

Ceisteanna - Questions - Priority Questions: Bank Guarantee Scheme (4 Oct 2012)

Stephen Donnelly: Is the Minister for real? Does he believe the €1 billion cheque he paid on Monday was to guaranteed bondholders?

Written Answers — Department of Finance: NAMA Receivers (9 Oct 2012)

Stephen Donnelly: To ask the Minister for Finance if he will clarify and expound on recent media comments (details supplied) that indicated the National Asset Management Agency faces a loss of up to €15 billion; and if he will make a statement on the matter. [42869/12]

Written Answers — Department of Finance: Bank Guarantee Scheme Bond Repayments (17 Oct 2012)

Stephen Donnelly: To ask the Minister for Finance further to Leaders' questions on 3 October 2012, where the Minister for Education and Skills stated the Government was forced to repay €1 billion to the holders of unsecured bonds in Allied Irish Bank at the insistence of the EU IMF Troika, if he will provide documentation to substantiate this assertion; and if he will make a statement on the matter....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: 2013 Allocations for Public Expenditure - Finance Vote Group: Discussion with Minister for Finance (17 Oct 2012)

Stephen Donnelly: I thank the Minister for allowing me access to his officials recently to help me put together budget submissions. It was very useful and much appreciated. The budgetary process reform is also very welcome and I encourage the Minister and the Minister for Public Expenditure and Reform, Deputy Howlin, to consider a much more radical improvement. I am sure the Minister is aware that the OECD...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: 2013 Allocations for Public Expenditure - Finance Vote Group: Discussion with Minister for Finance (17 Oct 2012)

Stephen Donnelly: I understand.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: 2013 Allocations for Public Expenditure - Finance Vote Group: Discussion with Minister for Finance (17 Oct 2012)

Stephen Donnelly: We will find out on budget day when it will be announced, but in the process used by other countries three months prior to the budget the committee would be given the proposed budget so the Dáil could make an input to it. I will leave this with the Minister and suggest if we want to move towards international best practice this is a great first step but we are still 1 million miles away...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: 2013 Allocations for Public Expenditure - Finance Vote Group: Discussion with Minister for Finance (17 Oct 2012)

Stephen Donnelly: At a detailed level figures are available for two years.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: 2013 Allocations for Public Expenditure - Finance Vote Group: Discussion with Minister for Finance (17 Oct 2012)

Stephen Donnelly: I thank the Minister. We will continue to push the banks, but we have no executive authority. All that we can do is point out what they are doing. The Minister might not share the Tánaiste's position, but a general policy position of walking hand in hand----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: 2013 Allocations for Public Expenditure - Finance Vote Group: Discussion with Minister for Finance (17 Oct 2012)

Stephen Donnelly: Regarding the Revenue Commissioners, I take the Minister's point about a negotiating position, but what is his opinion? Does he agree that if Revenue does not get the resources outlined in the note, the State will lose €265 million?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: 2013 Allocations for Public Expenditure - Office of Public Works: Discussion with Minister of State (17 Oct 2012)

Stephen Donnelly: It seems the Minister of State's officials deserve to be congratulated on achieving an extraordinary reduction in expenditure, one hopes at minimum risk to the country. I would like to get the Minister of State's help with some numbers. In his opening statement, he said the OPW will receive €324 million in funding in 2013. According to a table in the document given to the committee,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: 2013 Allocations for Public Expenditure - Office of Public Works: Discussion with Minister of State (17 Oct 2012)

Stephen Donnelly: Okay, great. I thank the Minister of State. I accept that the Minister of State and his officials have brought about a substantial reduction in this regard since last year's general election.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: 2013 Allocations for Public Expenditure - Office of Public Works: Discussion with Minister of State (17 Oct 2012)

Stephen Donnelly: Sure, absolutely. It is my understanding, based on another table in the documentation, that the target for the reduction from 2012 to 2013 is 1.4%. Do I have that wrong?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: 2013 Allocations for Public Expenditure - Office of Public Works: Discussion with Minister of State (17 Oct 2012)

Stephen Donnelly: I thank the Minister of State. That seems like a small percentage. As I do not have the context for the OPW, I ask the Minister of State to take my comments for what they are. If a struggling organisation is essentially insolvent, it should be fighting for its life by cutting costs everywhere. I am not saying there is not a good reason for the 1.4% figure. I just want to question it...