Results 7,961-7,980 of 9,563 for speaker:Jack Chambers

Written Answers — Department of Finance: Tax Yield (4 Jul 2024)

Jack Chambers: The Department of Finance has opened its pre-budget costings service, this is available with effect from 1 July 2024. The procedures for availing of this service are set out in a letter dated 1 July 2024 from the Secretary General of the Department to all recognised parties and technical groups in Dáil Éireann. To ensure efficiency and fairness all costing requests should be made...

Written Answers — Department of Finance: Tax Yield (4 Jul 2024)

Jack Chambers: The Department of Finance has opened its pre-budget costings service, this is available with effect from 1 July 2024. The procedures for availing of this service are set out in a letter dated 1 July 2024 from the Secretary General of the Department to all recognised parties and technical groups in Dáil Éireann. To ensure efficiency and fairness all costing requests should be made...

Written Answers — Department of Finance: Business Supports (4 Jul 2024)

Jack Chambers: Small and medium-sized enterprises (SMEs) play a significant role in the Irish economy. As such, the Government has in place a broad range of policy measures aimed at supporting SMEs to thrive. Most recently, in May 2024 Government agreed a package of actions intended to reduce costs for SMEs. More details can be found on the Department of Enterprise, Trade and Employment's website here: . ...

Written Answers — Department of Finance: Inflation Rate (4 Jul 2024)

Jack Chambers: I propose to take Questions Nos. 247 and 254 together. The high inflation rate environment over recent years has been extremely challenging for households who had to endure an erosion of their purchasing power as a result. However enormous progress has been made over the last year or so in reducing inflation with headline HICP inflation of just 1.5 per cent in June. This is the lowest rate...

Written Answers — Department of Finance: Foreign Direct Investment (4 Jul 2024)

Jack Chambers: Ireland is widely recognised as a stable and pro-enterprise economy. This reputation is reflected in our continued ability to attract foreign direct investment (FDI) into Ireland. Indeed the most recent data show that the stock of FDI in Ireland stood at €1.2 trillion at the end of the first quarter of this year. FDI makes an important contribution to the Irish economy. According...

Written Answers — Department of Finance: Consumer Prices (4 Jul 2024)

Jack Chambers: Households have faced numerous headwinds in recent years including rising levels of inflation and the associated increase in interest rates. Inflation rose sharply since the pandemic and spiked as a result of the energy price shocks that followed the war in Ukraine. These developments put significant pressure on consumer spending as purchasing power was eroded by higher prices. The associated...

Written Answers — Department of Finance: Insurance Industry (4 Jul 2024)

Jack Chambers: The Government remains committed to addressing the issue of high public liability insurance costs through the efforts of the Office for the Promotion of Competition in the Insurance Market, a key element of the Action Plan for Insurance Reform. Established as a Programme for Government commitment and overseen by the Minister of State at the Department of Finance, the Office aims to expand the...

Written Answers — Department of Finance: Tax Code (4 Jul 2024)

Jack Chambers: As the Deputy is aware, Ireland joined with almost 140 other countries in reaching agreement in October 2021 on how to address the tax challenges arising from digitalisation of the economy. The agreement contains two pillars. Pillar One will see the allocation of taxing rights away from countries such as Ireland to countries where consumers and markets are based. It will be...

Written Answers — Department of Finance: Tax Code (4 Jul 2024)

Jack Chambers: My Department publishes the Annual Taxation Report on an annual basis in order to provide a strategic perspective of the Irish tax system. This allows for the monitoring and identification of developing trends in tax revenue to minimise fiscal vulnerabilities. The latest such report, which was published in August last year, examined the high level of concentration within the corporation tax...

Written Answers — Department of Finance: Fiscal Policy (4 Jul 2024)

Jack Chambers: As the Deputy will be aware, institutions established under the Good Friday Agreement are key to north-south co-operation and the promotion of peace and prosperity across Ireland. With thanks to the restoration of both the Northern Ireland Executive and the Northern Ireland Assembly, the North-South Ministerial Council (NSMC) met for the first time in a number of years in early April. My...

Written Answers — Department of Finance: Economic Growth (4 Jul 2024)

Jack Chambers: The domestic economy displayed solid growth in the first quarter of this year. Modified domestic demand (MDD) – my preferred measure of domestic activity – increased by 1.4 per cent in the first quarter. Irish exports appear to have turned a corner, growing by 7 per cent in the first quarter of 2024. This represents the first quarter of positive export growth in five quarters. ...

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: Good evening. I thank the committee for giving me the opportunity to attend this evening to discuss the summer economic statement which sets out the fiscal parameters-----

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: There are copies available, I believe.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: Is the Chair happy for me to continue?

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: First, I will briefly outline the economic and fiscal context for the budget. Over recent years, the economic backdrop has been defined by a series of successive external shocks. These shocks saw global supply chains upended, inflation surge to multi-decade highs and monetary policy rapidly tighten. One of the most important lessons we have learned from the past few years is that the world...

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: In the projections as part of budget 2025, we set out the medium term. First, the fiscal framework and the general government surplus, which will be set out from there. That is as it occurs every year.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: They will be set out in the-----

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: We set out the projections in the stability programme update in April on the surpluses beyond 2025. That is public information. We will set out further forecasts and projections as part of budget 2025. The most recent set of projections for the general Government balance, GGB, extend to 2027 and the intention is to publish projections out to 2030 in the budget this year.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (10 Jul 2024)

Jack Chambers: We will set out our medium-term fiscal plan in the autumn. We will set out the projections to 2030 as part of budget 2025 and we previously set out the projections as part of the stability programme update in the spring.