Results 11,261-11,280 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Central Bank Property (28 May 2013)

Michael Noonan: I would advise the Deputy that I have no function in the matter of accommodation arrangements at the Central Bank. I am informed by the Central Bank that they expect the new Central Bank building to be an important landmark on North Wall Quay, in the Dublin Docklands. It is the Central Bank's intention to complete the construction of the existing building on the site and the Bank aims to...

Written Answers — Department of Finance: Living City Initiative (28 May 2013)

Michael Noonan: Finance Act 2013 includes a section on the Living City Initiative which introduces a scheme of tax incentives focusing on the regeneration of the historic centres of some of our main cities. The scheme which will be introduced by Ministerial order, will apply in the first instance on a pilot basis only to specified regeneration areas in Waterford and Limerick. I indicated in my budget...

Written Answers — Department of Finance: NAMA Operations (28 May 2013)

Michael Noonan: I am advised that the Board of NAMA is currently reviewing its approach to REITs and the role it can play in light of the recently introduced legislation. I am advised that it has made no decision on the matter.

Written Answers — Department of Finance: Property Taxation Administration (28 May 2013)

Michael Noonan: I am advised by the Revenue Commissioners that it is not possible to advise on the cost to a person of phoning the Local Property Tax telephone helpline. I am informed that the price is dependent on the individual’s phone network as well as the type of ‘phone package’ that the individual has with his/her operator. Some operators operate on a price per call basis while...

Written Answers — Department of Finance: Currency Circulation (28 May 2013)

Michael Noonan: The information requested by the Deputy is set out in the following spreadsheet. Figures for 2002 and 2003 are not available. 1c 2c 5c 10c 20c 50c €1 €2 Total 2002* Breakdown not available 531 million* 2003* Breakdown not available 583 million* 2004 200,977,926 158,521,744 69,150,616 62,284,339 54,744,099...

Written Answers — Department of Finance: Bank Guarantee Scheme Termination (28 May 2013)

Michael Noonan: As the Deputy will be aware the Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009 (ELG Scheme) issuance period for eligible liabilities ended at midnight on 28 March, 2013. Eligible liabilities covered under the Scheme which were incurred up to that time continue to be covered up to their maturity date which could be up to 5 years' maximum from the date the liability was...

Written Answers — Department of Finance: Tax Code (28 May 2013)

Michael Noonan: I propose to take Questions Nos. 197 to 200, inclusive, together. Retirement relief for certain sportspersons was introduced in Finance Act 2002. It provides for relief to be given for any tax year by way of a deduction equal to 40% of the sportsperson’s gross earnings, before expenses, from direct participation in their sport. The relief is given in the tax year in which the...

Written Answers — Department of Finance: IFSC Clearing House Group (28 May 2013)

Michael Noonan: The IFSC Clearing House Group and its four working groups operate under the aegis of the Department of an Taoiseach rather than my Department. I am advised by that Department that it is providing a reply to the Deputy's question.

Written Answers — Department of Finance: National Pensions Reserve Fund Administration (28 May 2013)

Michael Noonan: The National Pensions Reserve Fund (NPRF) was established in 2001 under the National Pensions Reserve Fund Act 2000. As the Deputy will be aware, the Government has decided to establish the Ireland Strategic Investment Fund (ISIF) which will absorb the NPRF. Officials of my Department are currently preparing the legislation to create the ISIF with an Ireland-focused commercial investment...

Written Answers — Department of Finance: General Government Debt (28 May 2013)

Michael Noonan: The most recent period for which data is available on the general government debt is the last quarter of 2012. A detailed breakdown of the composition of general government debt and resultant pie chart is available on page 24 of the Irish Stability Programme April 2013 Update. The corresponding data requested by the Deputy is listed in the table. - 2012 €bn Government Bonds 87.9...

Written Answers — Department of Finance: General Government Debt (28 May 2013)

Michael Noonan: National debt is essentially the debt of the Exchequer and is a subset of general government debt. General government debt is the measure of the total debt of the State used for comparative purposes across the European Union. The latest forecasts available going out to 2019, have been published recently in the Stability Programme Update (SPU). The table restates the forecast for general...

Written Answers — Department of Finance: Departmental Staff Numbers (28 May 2013)

Michael Noonan: At 30 April 2008, my Department employed 623.57 Full-Time Equivalents (FTE). At 30 April 2013, the figure was 324.76. I have been advised by the Central Bank that at 23 April 2013 the Central Bank employed 1,393 staff- staff numbers at end-December 2008 were 1022.5. The Revenue Commissioners have provided me with the following table in response to the Deputy’s question. Table:...

Written Answers — Department of Finance: General Government Debt (28 May 2013)

Michael Noonan: Those persons/entities holding Irish Government debt would be considered Ireland’s main creditors. The most recent estimate of Gross General Government Debt is for end 2012, when it stood at €192.5 billion. The largest components of Gross General Government Debt at end 2012, as shown in the table, were Governments bonds and EU/IMF Programme loans. With regard to the ownership...

Written Answers — Department of Finance: General Government Debt (28 May 2013)

Michael Noonan: The projected general government debt to GDP ratio for the periods 2012 to 2016 and 2016 to 2019 are available on pages 54 and 49, respectively, of the Irish Stability Programme April 2013 Update. The corresponding data requested by the Deputy relating to the expected debt to GDP ratio for each year for the next five years is listed in the table. Year Projected Debt To GDP % 2013 123.3...

Written Answers — Department of Finance: Economic Growth Rate (28 May 2013)

Michael Noonan: The Department’s latest growth forecasts, in both GDP and GNP terms, are outlined below. The Department’s latest macro-economic forecasts were published on April 30 in the Irish Stability Programme - April 2013 Update . The publication can be accessed on the Department’s website at www.finance.gov.ie. Year-on-year percentage change - 2013 2014 2015 2016 Real...

Written Answers — Department of Finance: Banking Sector Issues (28 May 2013)

Michael Noonan: The percentage of non-performing loans in AIB and ptsb are set out in the table. Bank Non-Performing Loan % Dec 2012 AIB 33% PTSB 20% The Deputy should note that the banks provide further details regarding the non-performing loan portfolios in their annual report and accounts.

Written Answers — Department of Finance: Mortgage Arrears Rate (28 May 2013)

Michael Noonan: The Central Bank commenced the quarterly publication of mortgage and mortgage arrears data from the period ending September 2009. The most recent available data, which is for the quarter ending December 2012, indicates that 11.9% of PDH mortgages and 18.9% of BTL mortgages were in arrears of more than 90 days. The full range of published mortgage arrears data is available on the Central...

Written Answers — Department of Finance: Property Taxation Exemptions (28 May 2013)

Michael Noonan: Based on the information supplied by the Deputy it is not possible to provide a definitive reply. However, the following general information may be useful. Section 10B of the Finance (Local Property Tax) Act 2012 (as amended) provides that an exemption from the charge to LPT may apply to a residential property purchased, built or adapted to make it suitable for occupation by a permanently...

Written Answers — Department of Finance: Property Taxation Administration (28 May 2013)

Michael Noonan: The Finance (Local Property Tax) Act 2012 (as amended) provides that a liability for Local Property Tax (LPT) will arise where a person owns a residential property on the liability date, which is 1 May 2013 for the year 2013, and, for subsequent years, 1 November in the preceding year. I am advised by the Revenue Commissioners that where a residential property is purchased under the equity...

Written Answers — Department of Finance: Tax Code (28 May 2013)

Michael Noonan: Any proposals to maintain the 9% rate into 2014 will be considered in the context of Budget 2014.