Results 8,641-8,660 of 16,537 for speaker:Brian Lenihan Jnr
- Written Answers — Public Sector Pay: Public Sector Pay (17 Feb 2009)
Brian Lenihan Jnr: Information is not readily available in the precise format sought by the Deputy. However, the following table provides estimates of the numbers of public servants in various salary bands of â¬5,000. The recently announced public service pension related deduction will apply to all earnings, not just salary, and will also include employees of the local authorities who are not included within...
- Written Answers — Pension Provisions: Pension Provisions (17 Feb 2009)
Brian Lenihan Jnr: I have estimated that the pension related deduction will realise â¬1.35bn in a full year; the remainder of the â¬1.4bn will be found through a reduction in travelling and subsistence rates and other adjustments. The public service pay and pensions bill, excluding pensions and PRSI, is approximately â¬16.7bn. The proposed deduction will average 7.5%, yielding some â¬1.25bn. It is...
- Written Answers — Pension Provisions: Pension Provisions (17 Feb 2009)
Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the current requirements that apply to small self-administered pensions schemes as regards documentation to be supplied to Revenue are as follows: 1. A detailed approval application is submitted to which approval is given following satisfactory examination and clarification of the application. 2. Annual accounts are submitted. 3. An actuarial...
- Written Answers — Tax Collection: Tax Collection (17 Feb 2009)
Brian Lenihan Jnr: The figures the Deputy requests are detailed in the following tables. Tax revenue receipts are published on the Department's website as part of the monthly Exchequer Statements. Jan 2006 Jan 2007 Jan 2008 Jan 2009 â¬m â¬m â¬m â¬m Stamp Duty 291 347 180 50 Income Tax 1,116 1,107 1,208 1,165 VAT 2,036 2,332 2,335 1,970 Corporation Tax 131 208 197 121 Vehicle Registration Tax in a...
- Written Answers — Financial Services Regulation: Financial Services Regulation (17 Feb 2009)
Brian Lenihan Jnr: I presume the Deputy is referring to the issue of loans to directors at Anglo Irish Bank. In December 2008, I enquired about the level of director's loans at Anglo compared to other financial institutions. The Financial Regulator informed me at that time of the movement of the former Chairman's loans to the Irish Nationwide Building Society prior to Anglo Irish Bank's year end and the...
- Written Answers — Financial Services: Financial Services (17 Feb 2009)
Brian Lenihan Jnr: While the regulation of financial institutions, including building societies, is a matter for the Financial Regulator, policy responsibility for building societies currently rests with the Minister for the Environment, Heritage and Local Government. I might mention, however, that arrangements for the transfer of the policy responsibility for building societies legislation to my Department...
- Written Answers — Financial Services Regulation: Financial Services Regulation (17 Feb 2009)
Brian Lenihan Jnr: Investigation of this issue was a matter for the Financial Regulator, who has as the Deputy is aware, imposed by settlement a penalty on both the company concerned and its Chairman. As the Financial Regulator has not disclosed the details of its investigation it would not be appropriate for me to comment. I was not, and would not expect to be, involved in the conduct of such an...
- Written Answers — National Development Plan: National Development Plan (17 Feb 2009)
Brian Lenihan Jnr: The Government decision of 3rd February last re-allocated â¬150m from within the revised 2009 capital allocation of â¬7.931 billion to labour intensive activities in the areas of school building and energy efficiency/home insulation measures. This is part of the Government's endeavours to respond to the employment difficulties at present by investing in labour intensive areas which will...
- Fiscal Policy. (18 Feb 2009)
Brian Lenihan Jnr: There is no doubt that 2009 is a very challenging year for the global economy. Ireland is very much a part of the global economy and we are experiencing an international recession of unrivalled severity, prompted in turn by the worst crisis in international financial markets in living memory. Domestic processes in the Irish economy, in particular, the ongoing contraction in the construction...
- Fiscal Policy. (18 Feb 2009)
Brian Lenihan Jnr: The words "unclear" and "underdeveloped" are not contained in the Commission opinion.
- Fiscal Policy. (18 Feb 2009)
Brian Lenihan Jnr: The Deputy may choose to borrow words inaccurately attributed to the opinion, but I must go by the record of what the Commission said, namely, that the measures adopted by the Government in response to the downturn can be regarded as welcome and adequate. That is an endorsement from the Commission. I worked closely with the Commissionââ
- Fiscal Policy. (18 Feb 2009)
Brian Lenihan Jnr: I have had numerous contacts with the Commission since last September to deal with Ireland's position in advance of going into the excessive deficit procedure because it is important we work with it to resolve our difficulties. We have the support of the Commission on the measures we are taking. The fundamental issue with regard to generating confidence is the need to stabilise our public...
- Fiscal Policy. (18 Feb 2009)
Brian Lenihan Jnr: People are losing jobs because of the unprecedented international climate, as the Deputy is well aware. The forecast in my Department for the downturn this year is 4.5% and this forecast is in line with the bulk of other forecasts. On the question of tax receipts for this year, an overall predictive figure for tax receipts has been produced and the receipts received in January are in line...
- Fiscal Policy. (18 Feb 2009)
Brian Lenihan Jnr: I am advised by my Department that they are in line.
- Fiscal Policy. (18 Feb 2009)
Brian Lenihan Jnr: The Deputy should bear with me. The percentage which January tends to bear to the year as a whole has been confirmed in the receipts received this January. The predicted overall tax receipts this year, as the Deputy is aware, are well short of what was received last year. With regard to the detailed monthly breakdown and the breakdown under the different heads, my Department is taking...
- Fiscal Policy. (18 Feb 2009)
Brian Lenihan Jnr: I have not refused to answer it.
- Live Register. (18 Feb 2009)
Brian Lenihan Jnr: The Taoiseach's statement regarding prospects for the live register and for living standards are consistent with the projections contained in the addendum to the stability programme update, published in early January. In this document, projections for the public finances, and in particular for public expenditure, are based on the assumption that the numbers on the live register reach 400,000...
- Live Register. (18 Feb 2009)
Brian Lenihan Jnr: Certainly I agree with Deputy Burton that this is a very serious position. With regard to the IBEC figures I know that recent forecasts in the Department predict a figure of 400,000 for the end of this year. In January, the seasonally adjusted number was 326,000 and while there was a large increase in the month, some of this was anticipated given sectoral developments in recent months....
- Live Register. (18 Feb 2009)
Brian Lenihan Jnr: As I indicated in reply to Deputy Bruton, the final figures on the particular heads and monthly breakdown will be given later this month. With regard to the question of shopping in Northern Ireland, I never suggested it was unpatriotic to shop in Northern Ireland. However, I did suggest that it means a substantial loss to the taxpayer in this country and if people are concerned about...
- Banking Sector Regulation. (18 Feb 2009)
Brian Lenihan Jnr: In recent months, international markets have experienced turmoil and this has resulted in significant pressure on sources of funding for all banks globally. The Government has adopted a measured approach to this, pursuing a comprehensive strategy to ensure that funds are available for sound businesses and entrepreneurs to enable them to provide the employment and the output which will be the...