Results 7,121-7,140 of 27,019 for speaker:Michael Noonan

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)

Michael Noonan: The Deputy is critical of the base position but we are following the instructions of the committee in providing him with that particular set of figures. We are, therefore, complying with its request in giving members that base data. The concept of no policy change is how much would it cost to deliver the same service in 2013 as in 2012 if nothing changes. That is what a no policy position...

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)

Michael Noonan: I am not casting any doubt on the submissions that are being made. However, there is an ongoing process at the end of which a Department or a section of the Department gets a particular amount which may be higher and lower. So a negotiation is going on. The break-even point with Revenue is if the extra resources enable it to collect more than the cost of the additional resources. That...

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)

Michael Noonan: There is a hierarchy. First, it should be dealt with on a case-by-case basis with the local manager. That is the obvious starting position and it is how most should be resolved in my view. Arrangements should be put in place that enable people to pay-----

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)

Michael Noonan: The Deputy asked me what I thought should happen.

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)

Michael Noonan: I am telling the Deputy what I think should happen. I have already told him that in my view the banks are about-----

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)

Michael Noonan: However, the Deputy seems to get upset when he does not like my answer.

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)

Michael Noonan: I wish to complete my answer to the Deputy's question on arrears. The second thing I would envisage is if the case-by-case attempts to solve people's problems are not successful, then the voluntary arrangement provisions of the Personal Insolvency Bill would be the next range of intervention. In a very small minority of cases the option of bankruptcy exists because that is also provided for...

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)

Michael Noonan: We will see. We are seven weeks away from the budget. The Deputy knows that any possibility of the banks being directly recapitalised by the ESM, as outlined in the statement of 29 June, was contingent on banking supervision being in place from 1 January. At all times, that was envisaged as a post-budget initiative and not a pre-budget one. In respect of the promissory note, we must wait...

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)

Michael Noonan: I do not have anything to add on property tax other than what I have already said to Deputy Michael McGrath. It will be introduced on budget day, the Revenue Commissioners will collect it and the other decisions have yet to be made. The only remark I made about range was when the IMF brought out its Article IV report in September in which it said we should collect €1 billion. It...

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)

Michael Noonan: The Deputy should not make any assumptions. The range of-----

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)

Michael Noonan: The range below €1 billion goes from 1 billion down to one. The Deputy should not assume we will go for either one half or three quarters or anything like that. If it is helpful to the Deputy, I made the remark that the figure of €1 billion is high and we have no intention of the yield on the property tax being €1 billion. That is what I said. I will supply the...

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)

Michael Noonan: The Deputy does not know and makes assumptions.

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)

Michael Noonan: He was wrong most of the time.

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)

Michael Noonan: Time out.

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)

Michael Noonan: The entire recapitalisation is €64 billion.

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)

Michael Noonan: We will provide the Deputy with a full briefing note on the breakdown.

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)

Michael Noonan: There is no rough figure for this. I will give it to the Deputy precisely. It is a question we need to send back and get the actual spread on it. We will get it for the Deputy. One of the reasons for the high rate of advice reverse by the Credit Review Office is because those who approach it believe they have a pretty good case and should not have been refused in the first instance....

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)

Michael Noonan: No. It is that the Government has not made decisions so I cannot tell the Deputy.

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)

Michael Noonan: That is the point.

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)

Michael Noonan: With regard to multi-year figures, I believe three year figures are available. Five years would be stretching it a bit. We can ensure the three year figures are-----