Results 1,021-1,040 of 49,836 for speaker:Stephen Donnelly

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: I should clarify my point. I was talking less about flexibility on the 3% structure or whatever but more about flexibility on changing the metrics, if needed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Exactly, there is a serious difficulty. Let us put that case aside because this is not the forum for an individual case. A very serious issue arises if the Minister, going in as President, sees that a ruling has just been made here about pension funds. I am not talking about a basket of equities but money that a guy has deposited in the bank which is deemed outside the remit of the scheme...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: I accept that the Minister cannot give an answer now. Notwithstanding the individual, about which, I have very strong feelings, if that decision is allowed stand it is, economically speaking, very serious because this guy put €450,000 into a six-year savings account. He was able to get out his 25%. It was taxed as the pension funds were taxed at 0.6% a year so it is cash recognised...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: I am happy to give a presentation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: My understanding is that we will be on the hook for about 1% of €11.2 billion, €110 million approximately. Is that €110 million already included in the 2013 Estimates or will it be an additional item? My second question is to pick up on the financial transactions tax, FTT. Has an impact analysis - a cost-benefit analysis - been carried out? If so, is the Minister in a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Did Deputy Murphy hear that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Yes. My understanding is that we will pay about €100 million, or approximately 1% of that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Is there a probability of an additional €90 million on top of the current Estimates?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Does the Government have any plans to undertake such an exercise in respect of the Irish banks, or is the plan to await the European initiative?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Will the Minister respond to the points regarding the proposed financial transaction tax and the deposit guarantee scheme?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Has such an analysis been done specifically for Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Is it the Minister's expectation that our deposit guarantee scheme will be a funded scheme?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (8 May 2013)

Stephen Donnelly: Will there be a pot of funding for that purpose?

Written Answers — Department of Social Protection: Mortgage Arrears Proposals (9 May 2013)

Stephen Donnelly: 127. To ask the Minister for Social Protection if she disclose the full details of the web traffic for the Citizens Information Board's website keepingyourhome.ie, detailing unique visitors, pageviews, bouncerates, average visit duration,new vs returning visitors, traffic sources, page popularity and so on; and if she will make a statement on the matter. [22111/13]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Six Month EU Scrutiny Report: Discussion with Department of Finance (9 May 2013)

Stephen Donnelly: I was in Brussels on Tuesday for an EMU conference and spoke to various officials and Members of the European Parliament, all of whom were very positive about the Department of Finance officials and I imagine about the people in this committee room. People are speaking of all of them with very high regard in Brussels at the political and bureaucratic levels. I do not know what they have...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Six Month EU Scrutiny Report: Discussion with Department of Finance (9 May 2013)

Stephen Donnelly: That is very useful. That was my understanding, as well. An awful lot of the talk in Brussels on Tuesday was about parliamentary input, parliamentary legitimacy and the disconnect between executives, cabinets or governments and their parliaments. I know this is not an issue for the officials to comment on but the reason I ask it is that it is important that we understand that the European...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Six Month EU Scrutiny Report: Discussion with Department of Finance (9 May 2013)

Stephen Donnelly: Is it envisaged that the actual budget in our case, or in other more enlightened countries the draft budget, which is submitted in October, will line up more or less to the SPU which will be submitted in April?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Six Month EU Scrutiny Report: Discussion with Department of Finance (9 May 2013)

Stephen Donnelly: I am not expecting the officials to comment but it is worth noting, and is very important, that the SPU is being submitted to Brussels without any parliamentary oversight or input whatsoever. We were given an hour, I think I got about four and a half minutes to question the Minister on it. That is essentially the blueprint for the budget. Again there was zero parliamentary oversight. We...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Six Month EU Scrutiny Report: Discussion with Department of Finance (9 May 2013)

Stephen Donnelly: When we submit our SPU and our actual budget who assesses them?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Six Month EU Scrutiny Report: Discussion with Department of Finance (9 May 2013)

Stephen Donnelly: Who are they?