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Written Answers — Department of Finance: IBRC Liquidation (24 Apr 2013)

Stephen Donnelly: 81. To ask the Minister for Finance further to Parliamentary Question Numbers 275 and 278 of 16 April 2013 if he will indicate the total pension funds affected, including those contained in client accounts;; and if he will make a statement on the matter. [19463/13]

Written Answers — Department of Finance: IBRC Liquidation (24 Apr 2013)

Stephen Donnelly: 82. To ask the Minister for Finance further to Parliamentary Questions Nos 275, 276, 277 and 278 of 16 April 2013, if he will confirm that the €1 million specified in the answer is the sum total of the 23 individual pension fund accounts also specified in the answer; and if he will make a statement on the matter. [19464/13]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Stephen Donnelly: I ask the witnesses to clarify an issue with regard to growth. The 2012 GDP growth, which is the outrun in the table, is 0.9%, but the IMF April 2013 figure is 0.7%. What is the figure for 2012 GDP growth? Why did the IMF come back with a lower figure after the fact?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Stephen Donnelly: I thank Professor Barrett. It was causing me confusion at 10 p.m. last night.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Stephen Donnelly: We have established the figure for 2012 is 0.9%. The most striking thing I took from the recent report was the graph showing the quarterly revision downwards of 2012 GDP growth by everybody. This is a clear inherent bias towards optimism. In the budget for 2013 the Department of Finance projects 1.5% for this year, 2.5% for next year and 2.9% for 2015, which is exactly the type of thing we...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Stephen Donnelly: Wait until people get their property tax bills and see what happens.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Stephen Donnelly: Given all of this do the witnesses believe the Department? Part of their job is to examine these issues.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Stephen Donnelly: That is a very diplomatic answer.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Stephen Donnelly: It seems strange. I agree that the Department of Finance has not been politicised in its forecasts and I accept that there is no way to get the forecasts right, as there are two many large unknowns, but the logic that we have heard for ages is that the austerity-only approach can work if we have sufficient growth. Obviously, there will be no growth in the country because we are taking...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Stephen Donnelly: I am more concerned by the GDP distortion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Stephen Donnelly: The average time that other members received was approximately 25 minutes, but I have only received 15 minutes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Stephen Donnelly: I am the fifth questioner. Divide the time. Can I have a further five minutes?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Stephen Donnelly: I thank the Vice Chairman. I wish to ask about the 1% margin of safety. In 2015, it hit 2%, not 3%. Last year, we were approximately 1% within the troika target. The council advocates that this is good, but we can quantify the flip side. One percentage point of GDP is approximately €1.67 billion. To stay 1% within the troika target in 2013, 2014 and 2015, the total figure will be...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Stephen Donnelly: Am I correct that what Professor McHale is saying is that while obviously we will try to remain within the targets, should we miss them the optics for the international money markets are such that this would drive up bond yields, because, since we are rolling over our debt, the borrowing cost in that regard would increase and that increase in quantitative and qualitative terms would be more...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2013: Discussion with Irish Fiscal Advisory Council (24 Apr 2013)

Stephen Donnelly: I thank the witnesses for their responses, which have been very useful.

Companies Bill 2012: Second Stage (Resumed) (25 Apr 2013)

Stephen Donnelly: I congratulate the Minister and his officials on this Bill which is a fantastic step forward. Legitimate concerns have been raised on Second Stage which I hope will be dealt with by the Minister, his officials and Members on Committee Stage. Still, the Bill is to be welcomed, notwithstanding these concerns. I am new to the legislative process, having only started looking at legislation...

Written Answers — Department of Justice and Equality: Prison Accommodation (25 Apr 2013)

Stephen Donnelly: 165. To ask the Minister for Justice and Equality if he will provide a detailed breakdown of the costs for staffed prison space, all prisons, which amounted to €65,359 per space in 2011 (details supplied); and if he will make a statement on the matter. [19629/13]

Ceisteanna - Questions (Resumed): Legislative Programme (30 Apr 2013)

Stephen Donnelly: Is any legislation planned in light of the Supreme Court judgment yesterday in the case of Marie Fleming, a constituent of mine, on the assisted suicide issue? It clearly seemed, as the Chief Justice stated in his summation, that the ball is firmly back in the court of the Oireachtas.

Order of Business (30 Apr 2013)

Stephen Donnelly: I apologise to the Taoiseach. When I asked my previous question on the Marie Fleming judgment, I thought the Order of Business had started. It must have seemed a very odd question to be asked in the context of a discussion on Coillte.

Order of Business (30 Apr 2013)

Stephen Donnelly: I appreciate the Taoiseach's answer that it is not on the legislative agenda. In light of the ruling on this very important issue, would the Taoiseach commit to considering putting it on the Government's legislative agenda?

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