Results 10,641-10,660 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Tracker Mortgage Examination (24 Oct 2017)

Paschal Donohoe: As the Deputy is aware, the Central Bank is conducting an industry wide examination of tracker mortgage related issues and arising from this it has and is pursuing enforcement investigations into a number of mortgage lenders. It is also important to note that the Central Bank, in its role as independent financial regulator, has statutory reporting obligations...

Written Answers — Department of Finance: General Government Debt (24 Oct 2017)

Paschal Donohoe: Forecasts for the general government gross debt to GDP ratio for the period 2018 to 2021 are set out in the Budget 2018 Economic and Fiscal Outlook book and re-produced as follows. - 2018 2019 2020 2021 Gross debt (€billions) 208.2 211.5 208.2 209.0 Gross debt ratio per cent of GDP 69.0 67.1 63.5 61.2 Projections beyond 2021 have not been compiled or published.  However,...

Written Answers — Department of Finance: Fiscal Data (24 Oct 2017)

Paschal Donohoe: The details that the Deputy has requested are set out in the following table. €billion 2019 2020 2021 Net fiscal space 3.2 3.5 3.6 Budget 2018 Carry over costs: Expenditure measures .2 Public Service Stability Agreement .37 .34 .23 Tax measures .01 -.04 -.04 Net fiscal space less carryover 2.6 3.2 3.4 Page 37 of the Expenditure Report 2018outlines the carryover impact of...

Written Answers — Department of Finance: EU Budget Contribution (24 Oct 2017)

Paschal Donohoe: EU Budget payments and public sector receipt data are published annually by the Department of Finance in the Budget Statistics publication. For ease of reference, Ireland's contributions to the EU budget for the years 2011 to 2016 are set out in the following table: YEAR Payments to the EU budget €m 2011 1349.7 2012 1393.2 2013 1726.2 2014 1685.5 2015 1952.1 2016 2022.8 In...

Written Answers — Department of Finance: Revenue Commissioners Resources (24 Oct 2017)

Paschal Donohoe: In Budget 2018 I provided an additional €4 million to Revenue for an extra 100 staff (full time equivalent). These staff will be deployed mainly on audit and investigation activities, particularly PAYE Employer Compliance in advance of PAYE modernisation. It also provides for recruitment of additional international tax and transfer pricing specialists and resources to enhance ICT...

Written Answers — Department of Finance: Stamp Duty (24 Oct 2017)

Paschal Donohoe: I am advised by Revenue that the transfer of a family home to a son or daughter constitutes a conveyance on sale for the purposes of the Stamp Duties Consolidation Act (SDCA) 1999. Stamp duty is payable by the transferee, in this case the son or daughter whether or not it was transferred by way of sale or gift. Where a property is sold or otherwise transferred for less than market value,...

Written Answers — Department of Finance: Tax Agreements (24 Oct 2017)

Paschal Donohoe: Ireland has never accepted the Commission’s analysis in the Apple State Aid Decision. An appeal has therefore been brought before the European Courts. Such an appeal takes the form of an application to the General Court of the European Union, asking it to annul the Decision of the Commission. The Attorney General prepared the legal grounds in support of the annulment proceedings...

Written Answers — Department of Finance: Motor Insurance (24 Oct 2017)

Paschal Donohoe: As you will be aware, the Cost of Insurance Working Group – which is now chaired by Minister of State Mr. Michael D'Arcy T.D. – published its Report on the Cost of Motor Insurance on 10 January 2017. The Report makes 33 recommendations with 71 associated actions to be carried out in agreed timeframes, set out in an action plan within the Report. Work is ongoing on...

Written Answers — Department of Finance: Inflation Rate (24 Oct 2017)

Paschal Donohoe: Over the past few years consumer price inflation has been near zero in Ireland and in the euro area more generally. In 2016 annual inflation in Ireland – as measured by the Harmonised Index of Consumer Prices (HICP) was slightly negative at -0.2 per cent. While inflation has picked up in the rest of the euro area, inflationary pressures have remained muted in Ireland in 2017....

Written Answers — Department of Finance: Banking Sector (24 Oct 2017)

Paschal Donohoe: Government policy remains focused on ensuring that all viable SMEs have access to an appropriate supply of credit from a diverse range of bank and non-bank sources. In this regard the Government has developed a number of initiatives to ensure that the supply of credit in the market is sufficient to meet the existing and future needs of SMEs, including those in the retail and commercial...

Written Answers — Department of Finance: Credit Availability (24 Oct 2017)

Paschal Donohoe: The Deputy will be aware that in my role as Minister for Finance I have no direct function in the relationship between the banks and their customers. I have no statutory function in relation to the banking decisions made by individual lending institutions at any particular time and these are taken by the board and management of the relevant institution. This includes decisions in relation...

Written Answers — Department of Finance: Home Repossessions (24 Oct 2017)

Paschal Donohoe: I propose to take Questions Nos. 108 and 111 together. The Consumer Protection (Regulation of Credit Servicing) Act 2015 (“the 2015 Act”) was introduced in July 2015 to fill the consumer protection gap where loans are sold by the original lender to an unregulated firm. Credit Servicing Firms are typically firms that manage or administer credit agreements such as mortgages or...

Written Answers — Department of Finance: Housing Issues (24 Oct 2017)

Paschal Donohoe: As the Deputy will be aware, overall responsibility for housing policy rests in the first instance with the Minister for Housing, Planning, Community and Local Government. The Government is aware of the significant issues facing the housing market and it is committed to restoring the housing market to a sustainable equilibrium by seeking to increase the supply of housing to meet growing...

Written Answers — Department of Finance: Mortgage Interest Rates (24 Oct 2017)

Paschal Donohoe: There are a number of factors, such as differences in national legal and housing systems, cultural preferences, the proximity of lenders to borrowers, which will impact on the levels of interest rates in different countries. More directly, credit and market conditions, mortgage default rates and the funding of mortgage credit will also be relevant factors. However, there have been some...

Written Answers — Department of Public Expenditure and Reform: National Planning Framework (24 Oct 2017)

Paschal Donohoe: In relation to the National Planning Framework (NPF), the Department of Housing, Planning and Local Government undertook a broad public consultation earlier this year through a national campaign asking for views and opinions about making a plan for Ireland. I understand that thousands of submissions were received, reviewed and considered before a draft NPF was drawn up. The draft entitled...

Written Answers — Department of Public Expenditure and Reform: Budget 2018 (24 Oct 2017)

Paschal Donohoe: Table 7 on page 38 of Expenditure Report 2018 provides an estimate of €192 million in respect of the full-year impact of Budget 2018 current expenditure measures in the areas of Social Protection, Education and Justice. This has been reproduced in the following table. # Additional Cost in 2019 (€millions) Social Protection 110 Education 42 Justice 40 Total 192 As these...

Written Answers — Department of Public Expenditure and Reform: Election Expenditure (24 Oct 2017)

Paschal Donohoe: The cost of each election, including postal costs for each of the years 2014 to 2016 under the Post and Telegraphs Act 1983 as amended by the Communications Regulation (Postal Services) Act 2011 are set out in the attached table. There was no election event in 2017. The Government agreed an indicative timetable on 26 September 2017 for referendums to be held in 2018. These include a...

Written Answers — Department of Public Expenditure and Reform: Disability Act Employment Targets (24 Oct 2017)

Paschal Donohoe: Compliance with Section 47 of the Disability Act 2005 requires that, unless there is a good reason for not doing so, more than 3% of staff employed in public bodies, for which the relevant Minister is responsible, are people with a disability. As the Minister for Public Expenditure and Reform, I am the relevant Minister for staff employed in the Civil Service. The National Disability...

Written Answers — Department of Public Expenditure and Reform: Departmental Bodies Data (24 Oct 2017)

Paschal Donohoe: The Irish Government Economic and Evaluation Service (IGEES) is an integrated, cross-Government service that aims to support better policy formulation and implementation in the civil service through economic analysis and evaluation. It was established in 2012. As set out in its Medium Term Strategy out to 2019, the aim of the IGEES is to contribute to the better design and targeting of...

Written Answers — Department of Public Expenditure and Reform: Public Procurement Contracts (24 Oct 2017)

Paschal Donohoe: My Department is currently engaged in a procurement process to establish a Single Supplier Framework Agreement for the provision of Nationwide Narrowband Secure Managed Digital Radio Network Services under a public procurement tender competition using the Competitive Procedure with Negotiation.