Results 6,321-6,340 of 36,187 for speaker:Pearse Doherty
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Pearse Doherty: It is most unsatisfactory that we have the presentation before us only now. We have a bad taste on our mouths from the bankers being before us, trying to bamboozle us with figures and not giving us a chance to see the information beforehand. It is important to look forward. Hopefully in future years we will receive this information at the same time as IFAC. Is there a reason we could not...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Pearse Doherty: It is definitely a compliment. Can we confirm that such a presentation can be provided to us at an earlier opportunity for future budgets and at the same time as IFAC receives it, or does the Department have a problem with doing that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Pearse Doherty: I told you so.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Pearse Doherty: I thank the delegates for the presentation, despite the challenges in not having adequate time. It was very interesting and informative. As many issues have been discussed by previous speakers, I will focus on some that have not been mentioned. I understand the delegates cannot delve into budgetary matters or the political world, but it is being reported today that the Minister, Deputy...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Pearse Doherty: I will tease that out a little bit in another direction. Instead of having a set amount less of consolidation, if we had a set amount of additional investment, would there be the same multipliers? Mr. McCarthy spoke of 0.4% or 0.5% as a multiplier. Is the Department not using 0.6% as a multiplier? What would be the figure then? Mr. McCarthy provided hypothetical figures in the last...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Pearse Doherty: I am not talking about an increase in investment but an injection, or stimulus.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Pearse Doherty: Let us tease that out in terms of a €1 billion investment in the construction industry. It could be for primary health care centres, schools moving from prefabs, whatever works might be construction based and labour intensive. Has any modelling been done on that within the Department?.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Pearse Doherty: What are we looking at - is it 0.8%, 0.9% or 1%?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Pearse Doherty: I refer again to the modelling. The Department has to do this without knowing what the Government will announce on budget day and must take it from a static policy position that will not be changed by policy. The Government has indicated, for example, the use of the NPPR as an investment tool. Has the Department modelled the use of the €6.4 billion in the discretionary portfolio as...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Pearse Doherty: Let us go to forecasting. I appreciate the scrutiny work the Department is doing where forecasters have to second guess how the economy will be the following year. It can be disappointing, however, and must be so. Two years ago we, namely, the Government, the Department or the State, forecasted a 3% growth rate for this year. Today, with the consensus arising from the new information of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Pearse Doherty: I am looking back. We are nearly at the end of the year. If Mr. McCarthy can clarify this I will finish. The best estimate from Mr. McCarthy's section of the Department and the other section was what we were going to hit 7.4% in terms of percentage of GDP deficit. Today, however, Mr. McCarthy informs us that GDP growth, based on 1.3% growth, will more than likely be zero. Based on that...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Pearse Doherty: Is that the target of 7.5%?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Pearse Doherty: I am not referring to the amount of consolidation. I am talking about-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Pearse Doherty: I have three questions which I will put quickly. The pharmaceutical sector amounts to 25% of our exports and the slide presentation shows that exports have reduced by 4%. This is one of the reasons the Department has downgraded the economic forecast for this year. We all knew that the patent cliff was happening. How did the Department underestimate the size of the patent cliff? I refer...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Pearse Doherty: Is it a wee bit hopeful of a positive adjustment?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Pearse Doherty: The other question was on the pharmacy sector. How did the Department not see the extent of the patent cliff?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecasting: Discussion with Department of Finance (8 Oct 2013)
Pearse Doherty: I thank Mr. McCarthy.
- Leaders' Questions (9 Oct 2013)
Pearse Doherty: The Government increased it last year. The Taoiseach should cop himself on.
- Leaders' Questions (9 Oct 2013)
Pearse Doherty: Sinn Féin supported-----
- Leaders' Questions (9 Oct 2013)
Pearse Doherty: The economy is taking off like a rocket with 0% growth this year.