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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion (22 Nov 2023)

Jim O'Callaghan: I am trying to look ahead. You could say we have a dynamic political environment. It is not always the case that Governments have majorities in the Dáil. Under heads 5 and 6, it looks like the sum of 0.8% of GDP can be reduced if the Minister gets the approval of the Dáil to do so. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion (22 Nov 2023)

Jim O'Callaghan: What happens if, hypothetically, a Minister for Finance or the Government decide they do not want to pay 0.8% of GDP into the fund and they cannot get a Dáil resolution to reduce it? What is the consequence for the Government, other than acting unlawfully?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion (22 Nov 2023)

Jim O'Callaghan: They would be obliged to make it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion (22 Nov 2023)

Jim O'Callaghan: Concerning the infrastructure fund, am I correct in stating that there is a similar procedure? Can the Minister come back and look for a resolution from the Dáil to reduce the amount?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion (22 Nov 2023)

Jim O'Callaghan: In the highly unlikely event that there was a Government prior to 2041 that wanted to access money in the fund, how will that be prevented? Let us say that ten years from now, the Government decides it wants more money. There is money in these funds and they are not supposed to mature; the first does not mature and cannot be accessed until 2041. How, without legislative change, does it...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion (22 Nov 2023)

Jim O'Callaghan: I presume, at that stage, the fund or funds will be investing in projects and those people could lose confidence in Ireland as an investor if it looked like contributions to the fund were being stopped by a future government. The NTMA speaks a lot about responsible investment. Who decides? Is it a matter for the NTMA to decide what is responsible?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion (22 Nov 2023)

Jim O'Callaghan: The hope is that by 2035, we will have €70 billion in the first fund. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion (22 Nov 2023)

Jim O'Callaghan: Finally, I assume our guests have looked at similar funds that have been established in other countries. Obviously it is a matter for the Government in 2041 to decide what it wishes to use the funds for but how have other countries used funds when they have matured? For what purpose have the funds been used?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion (22 Nov 2023)

Jim O'Callaghan: Thanks very much.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion (22 Nov 2023)

Jim O'Callaghan: I am not critical of it. It is important to point out it is a departure, in that there is now a statutory obligation on the Government to provide a certain amount of funding.

Written Answers — Department of Finance: Banking Sector (22 Nov 2023)

Jim O'Callaghan: 62. To ask the Minister for Finance for an update on the implementation of the recommendations of the banking review. [51371/23]

Written Answers — Department of Enterprise, Trade and Employment: Business Supports (23 Nov 2023)

Jim O'Callaghan: 56. To ask the Minister for Enterprise, Trade and Employment the number of successful applications for support under thebusiness user support scheme for kerosene in each county; and the total value of the support provided in each county under the scheme, in tabular form. [50973/23]

Written Answers — Department of Finance: Tax Data (23 Nov 2023)

Jim O'Callaghan: 133. To ask the Minister for Finance how many taxpayers in Dublin are clariming the ent tax credit; and if he will make a statement on the matter. [51219/23]

Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Payments (23 Nov 2023)

Jim O'Callaghan: 242. To ask the Minister for Employment Affairs and Social Protection the number of households in each county that are receiving the €300 fuel allowance lump sum payment this week, in tabular form. [51805/23]

Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Payments (23 Nov 2023)

Jim O'Callaghan: 243. To ask the Minister for Employment Affairs and Social Protection the number of households in each county that are receiving the €400 disability support grant this week, in tabular form. [51806/23]

Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Payments (23 Nov 2023)

Jim O'Callaghan: 244. To ask the Minister for Employment Affairs and Social Protection the number of households in each county that are receiving the €400 lump sum working family payment this week, in tabular form. [51807/23]

Policing, Protests and Public Order: Statements (28 Nov 2023)

Jim O'Callaghan: For the past 18 months, my colleagues and I have been raising issues concerning the increasing levels of lawlessness and criminality in inner-city Dublin. The reason I have been raising that is that I am a TD who represents the constituency of the south-east inner city and my constituents have been raising the issue with me. Neither I nor, I am sure, any other person in this House thought...

Select Committee on Education and Skills: Vote 45 - Further and Higher Education, Research, Innovation and Science (Supplementary) (28 Nov 2023)

Jim O'Callaghan: I welcome the Minister of State and his officials before the committee. I note the Supplementary Estimate and welcome it, in particular the €115 million that is going to be used for cost-of-living measures for students in third level. Like the Chair, I welcome the fact that this has been provided in respect of undergraduates, apprentices and postgraduates. I note what the Minister of...

Select Committee on Education and Skills: Vote 45 - Further and Higher Education, Research, Innovation and Science (Supplementary) (28 Nov 2023)

Jim O'Callaghan: I note that the one-off measure for undergraduates will benefit around 94,000 undergraduates, and in respect of postgraduates, it will benefit around 1,700. Does the Minister of State have any indiction of how many apprentices will benefit from the 33% reduction in their contribution fee, or is that information that the Department cannot specify with accuracy yet?

Select Committee on Education and Skills: Vote 45 - Further and Higher Education, Research, Innovation and Science (Supplementary) (28 Nov 2023)

Jim O'Callaghan: Okay, so we are talking about more than 100,000 students who will benefit from this Supplementary Estimate that the Minister of State is bringing before us today. I thank the Minister of State for coming before the committee and note the Estimate.

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