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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Seán Fleming: So who is this credit growth from? Is it from the Irish banks to the SMEs?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Seán Fleming: That is a fair point from Deputy Rabbitte. From what Mr. McCarthy has said about the SME credit growth, it might indicate that there is other lending to the SME sector that is not captured in the Central Bank figures if it is only looking at regulated figures.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Seán Fleming: Is the Central Bank looking only at lending by domestic institutions, or is it looking at lending by other institutions into Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Seán Fleming: That is not the full picture at all.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Seán Fleming: There is, however, no caveat to say that in the figures. The other point I wish to make is that the SMEs produce figures to show that the bulk of the increase in lending has been in the form of very large loans to the bigger SMEs rather than the smaller SMEs. Where is the Department of Finance on the demographic factors in respect of its forecasts for this year? Or is it able to give an...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Seán Fleming: Can Mr. McCarthy indicate this deficit in monetary terms?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Seán Fleming: Can the committee hear that in monetary terms?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Seán Fleming: So, €4.6 billion is the projected deficit for-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Seán Fleming: Can the witness indicate if we are ahead of that at the moment, based on revenue?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Seán Fleming: If there is a lower deficit in 2015 does this mean a reduction in the deficit of 0.5% next year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Seán Fleming: Would it be easier to achieve a deficit in 2016 if the deficit is higher this year, for example, if there was a splurge of money spent before the end of 2015? We would be making life more difficult for ourselves in 2016 if we had a small deficit this year, so there is a-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Seán Fleming: What is the structural deficit for this year?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Macroeconomic Forecast for 2016: Department of Finance (6 Oct 2015)

Seán Fleming: I thank the witness.

Written Answers — Department of Environment, Community and Local Government: Water and Sewerage Schemes Provision (7 Oct 2015)

Seán Fleming: 193. To ask the Minister for Environment, Community and Local Government for the list of allocations of funding to local authorities in 2015 under the rural water programme for group sewerage schemes; the amounts originally requested by each local authority; and if he will make a statement on the matter. [34892/15]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Proceeds of Sale of Aer Lingus: Motion (7 Oct 2015)

Seán Fleming: There is general agreement with regard to what is happening. The Government received €335 million from the sale of its shareholding in Aer Lingus. In the normal course of events - and in the absence of EUROSTAT rules - that money could go into Government coffers and be used for expenditure purposes. Although EUROSTAT rules do not allow this, the Government can put it into another...

Public Holidays (Lá na Poblachta) Bill 2013: Second Stage [Private Members] (9 Oct 2015)

Seán Fleming: I welcome the opportunity to speak on this Bill, which proposes the introduction of a dedicated bank holiday on 24 April to celebrate the 1916 Rising. Most, if not practically all Irish people, would agree with this proposal for the centenary year of 2016. The Bill goes further and provides for a bank holiday on 24 April on a permanent basis. The least we can do, as an initial step, is...

Employment Equality (Abolition of Mandatory Retirement Age) Bill 2014: Second Stage [Private Members] (9 Oct 2015)

Seán Fleming: I welcome the opportunity to speak on the Employment Equality (Abolition of Mandatory Retirement Age) Bill 2014. Fianna Fáil will support the Bill and we compliment Deputy Anne Ferris on its introduction. We believe we should recognise the potential of our ageing population to contribute to and enrich our society in many diverse ways, given their talents, experience, wisdom and the...

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Seán Fleming: We are now entering the final chapter of this Fine Gael-Labour Party Government. The story is as follows: chapter 1 - the setting is Government Buildings March 2011 and the main characters are Enda and Eamon. Does the Taoiseach remember Eamon?  They look at each other and say, "We’ve landed, what will we do now?" Enda says, "Do you remember the four-year plan we opposed, the...

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Seán Fleming: -----and we said there will be no water charges. I’ll do a U-turn as well and drop every one of those promises.  It’s the price of power."

Financial Resolutions 2016 - Budget Statement 2016 (13 Oct 2015)

Seán Fleming: That was it settled. Both of them agreed-----

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