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Committee on Budgetary Oversight: Revenue Raising Proposals: Minister for Finance and Revenue Commissioners (20 Sep 2016)

Tommy Broughan: I am asking the Minister because he made a comment about it.

Committee on Budgetary Oversight: Revenue Raising Proposals: Minister for Finance and Revenue Commissioners (20 Sep 2016)

Tommy Broughan: I am talking about the capital budget. Is there not a case for using some of that money for an injection into national investment, particularly as there have been abysmally low levels of capital investment during the Minister's time in the Department of Finance?

Committee on Budgetary Oversight: Revenue Raising Proposals: Minister for Finance and Revenue Commissioners (20 Sep 2016)

Tommy Broughan: However, the Minister did hypothecate, for example, in the context of the sale of the national lottery. We are all aware of the disastrous record regarding housing, health and capital investment in the past six years. Surely there is a strong case for a boost for the capital budget?

Committee on Budgetary Oversight: Revenue Raising Proposals: Minister for Finance and Revenue Commissioners (20 Sep 2016)

Tommy Broughan: In one sense this morning's presentation is very dismal - almost fatalistic - in pointing out all the things that are not affordable. We seem to be locked in, with the budget already decided, and that we will just be making time in 2017. Perhaps that reflects the current Dáil, which is in a kind of political stalemate. The vote on the Apple case, as some commentators noted, showed the...

Committee on Budgetary Oversight: Revenue Raising Proposals: Minister for Finance and Revenue Commissioners (20 Sep 2016)

Tommy Broughan: Every year I submit budgets to the Minister. They are all in his bottom drawer, I think. He told a few of us down through the years that he puts them all in his bottom drawer. For example, is there not a case for having a higher rate of tax on those who are very highly paid - the tranche of taxpayers including Deputies, principal officers and so on - and earn more than €80,000? Is...

Committee on Budgetary Oversight: Revenue Raising Proposals: Minister for Finance and Revenue Commissioners (20 Sep 2016)

Tommy Broughan: That is not true. Sure, it is the lowest proportion-----

Committee on Budgetary Oversight: Revenue Raising Proposals: Minister for Finance and Revenue Commissioners (20 Sep 2016)

Tommy Broughan: Is there any scope for the Minister to ask his European colleagues about the medium-term objective?

Committee on Budgetary Oversight: Revenue Raising Proposals: Minister for Finance and Revenue Commissioners (20 Sep 2016)

Tommy Broughan: The problem is it is not enough.

Committee on Budgetary Oversight: Revenue Raising Proposals: Minister for Finance and Revenue Commissioners (20 Sep 2016)

Tommy Broughan: Where do we stand vis-à-visour European colleagues on the financial transactions tax? While I know we have the stamp duty, this is another possible revenue raiser.

Committee on Budgetary Oversight: Revenue Raising Proposals: Minister for Finance and Revenue Commissioners (20 Sep 2016)

Tommy Broughan: We are not part of that.

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Tommy Broughan: I welcome the Minister and his officials. Tax expenditure could feature in the budgets of the Departments of Agriculture, Food and the Marine, Justice and Equality and Communications, Climate Action and Natural Resources. Does the Minister have any role in that regard?

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Tommy Broughan: There are taxes that have not been collected for various reasons-----

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Tommy Broughan: Tax breaks, yes.

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Tommy Broughan: The Minister for Public Expenditure and Reform has no role whatsoever in that regard?

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Tommy Broughan: When the Minister for Public Expenditure and Reform hears from the Minister for Finance what he is doing on taxation matters or is going to do in the forthcoming Finance Bill, does his Department not want to have an input in that regard? We spoke about the metro project and the huge infrastructural deficit across the country, including, for example, the roads to the north west. Surely, it...

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Tommy Broughan: Effectively, the Department of Finance is superior to the Department of Public Expenditure and Reform.

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Tommy Broughan: In the English system there is the Chancellor and the finance guy. They are both members of the Cabinet, but one of them is the boss.

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Tommy Broughan: I presume the Minister will be involved in intense negotiations with other Ministers in the next week and a half. He has stated some of them are realistic. Does that mean that some of them are unrealistic? For example, I understand the Minister agreed to a package in the summer for the Minister of State at the Department of Health, Deputy Finian McGrath, to make available more places for...

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Tommy Broughan: Are some of them being unrealistic? While I am not sure what the Minister for Education and Skills, Deputy Richard Bruton, actually wants to do, he has a programme or an action plan. I presume the Minister has costed the action plan and indicated that he will provide funding to deal with the issues that are to be delivered on in 2017. In the case of the Minister for Social Protection,...

Committee on Budgetary Oversight: Current and Capital Expenditure: Minister for Public Expenditure and Reform (21 Sep 2016)

Tommy Broughan: Yes.

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