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Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

David Cullinane: But I am asking-----

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

David Cullinane: No, sorry. With respect, I asked a specific question about why Dr. Fagan is proposing that we should exclude aircraft and intangible assets when calculating GDP growth.

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

David Cullinane: In response to Teachta Pearse Doherty, the witness said that we need to get a new set of indicators. Would that new set of indicators have any grounding with EUROSTAT, for example? Has the Central Bank had any engagement with EUROSTAT? Would the latter value those figures in the same way as it would the figures that were published, which were either distorted, or, in the words used by Dr....

Committee on Budgetary Oversight: Analysis of Economic Forecasts: Central Bank of Ireland (6 Sep 2016)

David Cullinane: My final question is similar to one of Deputy Burton's questions earlier. It concerns the letter from the Governor of the Central Bank to the Minister for Finance of 4 August, saying:[While] the European fiscal framework prescribes a target ceiling for the stock of public debt (at sixty per cent of GDP), there are compelling reasons to develop a national target for the stock of public debt....

Committee on Budgetary Oversight: Economic and Fiscal Position: Nevin Economic Research Institute (6 Sep 2016)

David Cullinane: I have two questions. I will ask them separately because they are not related. I am not sure if Dr. McDonnell was here during the first set of exchanges. He may have been. I saw him at the back of the room for some of it. I will ask him for his view on a number of the issues that were raised. The first relates to the distorted GDP figures. In his statement, the chief economist from the...

Committee on Budgetary Oversight: Economic and Fiscal Position: Nevin Economic Research Institute (6 Sep 2016)

David Cullinane: My second question was related to this year’s budget which we are focusing on as well. Dr. McDonnell dealt with some of the issues in his presentation. He argues first that we should not phase out or abolish the universal social charge, USC. Will Dr. McDonnell expand on the reasons for advocating that position? Leaving aside the debate on USC, would he favour discretionary...

Government Appeal of European Commission Decision on State Aid to Apple: Motion (7 Sep 2016)

David Cullinane: The advantage of coming into a debate midway through is that one would have had a flavour of the opinions from Members of the Government, Fianna Fáil and all the parties and Independents who have spoken so far. It is quite spectacular to hear an awful lot of the red herrings that have been peddled by Government Ministers and Fianna Fáil here today. I want to make something very...

Government Appeal of European Commission Decision on State Aid to Apple: Motion (7 Sep 2016)

David Cullinane: Deputy Kelleher will have his say and I hope it will be uninterrupted. I understand the pressure Fianna Fáil is under on this issue but it has, again, chosen to side with the multinationals which are not paying their taxes and major tax avoidance instead of standing with the Irish people. Nobody outside Ireland will buy the nonsense that this Government and Fianna Fáil are...

Committee on Budgetary Oversight: Economic and Fiscal Position: Economic and Social Research Institute (7 Sep 2016)

David Cullinane: I welcome Professor Barrett and Professor McQuinn and I thank Professor Barrett for his opening statement. I have four quick questions and I will deal with them all at the same time, if that is okay. The first relates to growth levels. Professor Barrett referred to the growth levels and adjusting the 26% GDP figure that came from the Central Statistics Office to determine real economic...

Committee on Budgetary Oversight: Pre-Budget Statement: Irish Fiscal Advisory Council (13 Sep 2016)

David Cullinane: I welcome our witnesses. On the measurement of economic activity and gross domestic product, GDP, as the previous speaker said we are in a bit of a mess in that regard. The Central Statistics Office is speaking about using two sets of figures. I do not believe there is anything wrong with giving us the genuine debt and the real economic activity figures. It is not legal, however....

Committee on Budgetary Oversight: Pre-Budget Statement: Irish Fiscal Advisory Council (13 Sep 2016)

David Cullinane: My final question is in two parts. I will return to the sustainability of our tax base and the relationship between that and the budget. From responses to the previous question, I understand the IFAC's mandate and the limitations it has. The witnesses do not want to get into specifics but they mention the sustainability of the corporation tax rates and revenues from corporation taxes. We...

Written Answers — Department of Justice and Equality: Visa Applications (16 Sep 2016)

David Cullinane: 7. To ask the Minister for Justice and Equality the status of a visa application for a person (details supplied); and if she will make a statement on the matter. [24877/16]

Written Answers — Department of Finance: General Government Debt (16 Sep 2016)

David Cullinane: 237. To ask the Minister for Finance the figures for total government income for each year from 2000 to 2015; the figures for general government debt for each year from 2000 to 2015; the figures for interest repayment on general government debt for each year from 2000 to 2015; if he will provide details of the interest repayment on general government debt expressed as a percentage of general...

Written Answers — Department of Finance: General Government Debt (16 Sep 2016)

David Cullinane: 238. To ask the Minister for Finance the projected figures for total government income for each year from 2016 to 2021; the projected figures for general government debt for each year from 2016 to 2021; the projected figures for interest repayment on general government debt for each year from 2016 to 2021; if he will provide the detail of the projected interest repayment on general government...

Written Answers — Department of Finance: Economic Data (16 Sep 2016)

David Cullinane: 239. To ask the Minister for Finance the other indicators that investors are looking at in terms of the Irish economy, as highlighted by a person (details supplied) when appearing before the Committee of Public Accounts on 21 July 2016. [24983/16]

Written Answers — Department of Finance: Economic Data (16 Sep 2016)

David Cullinane: 240. To ask the Minister for Finance the up to 40 different economic indicators that the NTMA has in the investor pack it uses in its roadshows; the rationale behind the inclusion of those indicators; and if he will provide the up to 30 indicators that investment managers look to when deciding whether to invest in Government debt, as highlighted by a person (details supplied) when appearing...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (16 Sep 2016)

David Cullinane: 241. To ask the Minister for Finance the criteria used by the NTMA when deciding to fund projects via the Strategic Innovation Fund; the peer comparisons used by the NTMA when reaching its decision; the similar investment opportunities used for comparison purposes by the NTMA when reaching its decision; the criteria used by the NTMA in reaching its conclusion that a particular project would...

Written Answers — Department of Finance: Public Private Partnerships Cost (16 Sep 2016)

David Cullinane: 242. To ask the Minister for Finance if his attention has been drawn to the fact that the Comptroller and Auditor General does not have the resources that would allow it give the Committee of Public Accounts the reassurance that every public-private partnership project delivers value for money; and if he will make a statement on the matter. [24987/16]

Written Answers — Department of Finance: Tax Code (16 Sep 2016)

David Cullinane: 244. To ask the Minister for Finance in view of the exceptional increase in gross domestic product, GDP, in 2015 due to asset transfers with no discernible impact on the real economy, the effect on GDP figures of the recent announcement by a company (details supplied) that it plans to shift €30 billion in assets to Ireland; if his Department expects any more announcements of...

Written Answers — Department of Finance: Corporation Tax (16 Sep 2016)

David Cullinane: 245. To ask the Minister for Finance the amount of the corporation tax overpayments announced to date in 2016 his Department expects will be reclaimed later in 2016; and if he will make a statement on the matter. [24993/16]

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