Results 1,161-1,180 of 5,587 for speaker:Kevin Humphreys

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kevin Humphreys: I thank him for that. Would he say I am far off in my estimate? Based on the trading prices that obtained when the ECB was in the market in 2011, it has largely confirmed the figure of €19 billion or €20 billion. The profit would not be far off €5 billion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kevin Humphreys: It may be a good tactic to sell back the bonds at face value in order to reduce our borrowings. We would make a significant impact on our debts with €5 billion. Mr. Corrigan indicated in response to an earlier question from Deputy Michael McGrath that we held approximately €19 billion in cash in December and are planning to go to the market for a further €7.5 billion....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kevin Humphreys: Was the NTMA looking at holding approximately €20 billion provided it would get the credit lines accessibility on a rolling basis?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kevin Humphreys: Yes, for the purpose of discussion. The €20 billion is held at various rates. How much does it cost in interest to hold the €20 billion for a year’s funding in advance? I accept that Mr. Corrigan cannot give an exact figure because the money is borrowed at numerous different rates at various times. Approximately how much does it cost us to hold the €20 billion...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kevin Humphreys: Yes, I understand that, but that was not the question I asked. I asked approximately how much it costs to hold the €20 billion on a rolling basis. I accept all those factors must be taken into consideration.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kevin Humphreys: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kevin Humphreys: I would have thought it would be a key question when a risk analysis is carried out. I accept what was said. Mr. Corrigan met with Mr. Whelan and examined and assessed the situation. Surely, the amount would have been apparent at that stage?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kevin Humphreys: I want to move on to something else. I accept Mr. Corrigan will come back to the committee with the information. To return to what was said by Deputy Michael McGrath on the Minister’s reference to a possible deal and that the amount would be in billions rather than millions, does Mr. Corrigan agree with the Minister?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kevin Humphreys: Did Mr. Corrigan take into consideration the knowns and unknowns in order to come up with a conclusion that the savings would be in billions rather than millions? Did he have such information when he compiled information for the Minister?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kevin Humphreys: In order to come up with an assumption that the savings would be in billions, Mr. Corrigan speculated that the term would be greater than ten years.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kevin Humphreys: What was the rate for the purpose of the illustration?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kevin Humphreys: I had a primary school teacher who always used to say that to assume makes an ass of you and me. I am trying to get down to the detail. As a practising politician I am trying to dig down to find out how Mr. Corrigan came up with savings of billions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kevin Humphreys: Mr. Corrigan can see why most members are concerned about digging down to get the statistics.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kevin Humphreys: I will. If the ten years were to be extended, would it change the picture?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kevin Humphreys: I note that the Chair is pulling me up. Am I getting less than 12 minutes?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kevin Humphreys: I do not wish to be awkward but it is important to try to get the figures to understand the information we have been given. If we got the hard figures we would have a better chance of understanding. It is difficult to understand the subject. With no disrespect to Mr. Corrigan, I find it unbelievable that we cannot get an accurate figure on the bonds that were purchased through the security...

Written Answers — Department of Social Protection: Partial Capacity Benefit Scheme (29 Jan 2013)

Kevin Humphreys: To ask the Minister for Social Protection the number of people transferred to partial capacity benefit in 2012; if she will indicate the number of people in each assessment band of capacity; the number that were assessed as mild and not eligible; her views on the way the scheme is operating; if she has any plans to review its operation after one year; and if she will make a statement on the...

Written Answers — Department of Social Protection: Social Welfare Code (29 Jan 2013)

Kevin Humphreys: To ask the Minister for Social Protection if there has been any study or analysis within her Department or associated agencies of the flexicurity welfare state model that is used in Denmark and Germany and may be introduced in France; if she has considered any aspects of this model in the reforms currently underway; and if she will make a statement on the matter. [3922/13]

Written Answers — Department of An Taoiseach: Ministerial Meetings (29 Jan 2013)

Kevin Humphreys: To ask the Taoiseach if he or any of his officials have met any representatives of the tobacco industry in the past six months; and if he will make a statement on the matter. [3708/13]

Written Answers — Department of Finance: Tax Reliefs (29 Jan 2013)

Kevin Humphreys: To ask the Minister for Finance the projected cost in 2013 and 2014 to the Exchequer of allowing millionaires to direct their tax relief on charitable donations to the approved body of their choice if the charitable donations scheme is removed from the scope of the high earners' restriction; and if he will make a statement on the matter. [4422/13]