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Written Answers — Department of Finance: Eurozone Issues (30 Jun 2016)

Michael McGrath: 81. To ask the Minister for Finance the United Kingdom financial institutions who passport their services into Ireland under European Economic Area rules; the potential implications for these activities from the United Kingdom leaving the European Union; and if he will make a statement on the matter. [19005/16]

Written Answers — Department of Finance: Banking Operations (30 Jun 2016)

Michael McGrath: 82. To ask the Minister for Finance the implications for Allied Irish Banks' activities in the United Kingdom if that country is outside the European Economic Area; the proportion of Allied Irish Banks' revenues which arise in the United Kingdom; and if he will make a statement on the matter. [19006/16]

Written Answers — Department of Finance: Banking Sector (30 Jun 2016)

Michael McGrath: 83. To ask the Minister for Finance the implications for Bank of Ireland’s activities in the United Kingdom, if that country is outside the European Economic Area; the proportion of Bank of Ireland's revenues which arise in the United Kingdom; and if he will make a statement on the matter. [19007/16]

Written Answers — Department of Finance: Banking Sector (30 Jun 2016)

Michael McGrath: 84. To ask the Minister for Finance the implications for Permanent TSB’s activities in the United Kingdom, if that country is outside the European Economic Area; the proportion of Permanent TSB's revenues which arise in the United Kingdom; and if he will make a statement on the matter. [19008/16]

Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (30 Jun 2016)

Michael McGrath: 85. To ask the Minister for Finance if the Strategic Banking Corporation of Ireland can accelerate its lending activities, focusing in particular on assisting small and medium-sized enterprises exporting to the United Kingdom; and if he will make a statement on the matter. [19009/16]

Written Answers — Department of Finance: Tax Collection Forecasts (30 Jun 2016)

Michael McGrath: 86. To ask the Minister for Finance the projected change in tax revenue in 2018 and 2019 arising from the British referendum result; and if he will make a statement on the matter. [19012/16]

Written Answers — Department of Finance: IFSC Clearing House Group (30 Jun 2016)

Michael McGrath: 87. To ask the Minister for Finance if the International Financial Services Centre has the necessary physical infrastructure and other resources to benefit from any re-location of financial services funds from the United Kingdom; and if he will make a statement on the matter. [19014/16]

Written Answers — Department of Finance: Pensions Data (30 Jun 2016)

Michael McGrath: 88. To ask the Minister for Finance the number of approved retirement funds in operation; the value of funds held in these; and if he will make a statement on the matter. [19015/16]

Written Answers — Department of Finance: Pensions Data (30 Jun 2016)

Michael McGrath: 89. To ask the Minister for Finance the value of pension buy-out bonds in the Irish markets that may now qualify for approved retirement fund options; and if he will make a statement on the matter. [19016/16]

Written Answers — Department of Public Expenditure and Reform: EU Funding (30 Jun 2016)

Michael McGrath: 142. To ask the Minister for Public Expenditure and Reform the European Union funding specifically for North-South projects; the amount of co-funding provided by the Irish State to these projects, in each of the years from 2011 to 2015; and if he will make a statement on the matter. [19010/16]

Written Answers — Department of Jobs, Enterprise and Innovation: IDA Data (30 Jun 2016)

Michael McGrath: 273. To ask the Minister for Jobs, Enterprise and Innovation the number of United Kingdom companies which are IDA Ireland assisted; the number of jobs these firms provide; the proportion of foreign direct investment this represents; if she will revise her timetable for the sale of Allied Irish Banks; and if she will make a statement on the matter. [19011/16]

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2016
Vote 7 - Office of the Minister of Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised)
(30 Jun 2016)

Michael McGrath: I thank the Minister and welcome him and his officials. What is the Minister and his Department's assessment of the impact on Ireland's economy of the decision this day last week by the UK to start the process of leaving the EU? Yesterday, the Central Bank said it would revise its forecasts for the growth of the Irish economy. We have immediate uncertainty regarding our economic prospects...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2016
Vote 7 - Office of the Minister of Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised)
(30 Jun 2016)

Michael McGrath: My question was whether the Department of Finance intended to revise the forecast for the Irish economy. Does the Minister intend to update the forecast in the Summer Economic Statement and republish it as the Central Bank is revising its growth forecasts?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2016
Vote 7 - Office of the Minister of Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised)
(30 Jun 2016)

Michael McGrath: But not before then?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2016
Vote 7 - Office of the Minister of Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised)
(30 Jun 2016)

Michael McGrath: What impact will Brexit have on the State's strategy regarding its shareholdings in the banks? The Revised Estimates for Public Services for 2016, under the heading Banking and Financial Services Policy, include the following output target: "Prepare for/execute AIB sale subject to Government decision. Continue to explore further State investment disposals". Could the Minister clarify his...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2016
Vote 7 - Office of the Minister of Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised)
(30 Jun 2016)

Michael McGrath: It depends on the consequences of not disposing of them.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2016
Vote 7 - Office of the Minister of Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised)
(30 Jun 2016)

Michael McGrath: Through the Chair, how much extra time is required? Does Deputy Doherty have a few more questions?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2016
Vote 1 - President's Establishment (Revised)
Vote 2 - Department of the Taoiseach (Revised)
Vote 3 - Office of the Attorney General (Revised)
Vote 5 - Office of the Director of Public Prosecutions (Revised)
Vote 6 - Office of the Chief State Solicitor (Revised)
(30 Jun 2016)

Michael McGrath: Our deadline is noon.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2016
Vote 1 - President's Establishment (Revised)
Vote 2 - Department of the Taoiseach (Revised)
Vote 3 - Office of the Attorney General (Revised)
Vote 5 - Office of the Director of Public Prosecutions (Revised)
Vote 6 - Office of the Chief State Solicitor (Revised)
(30 Jun 2016)

Michael McGrath: I welcome the Taoiseach and his officials.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2016
Vote 1 - President's Establishment (Revised)
Vote 2 - Department of the Taoiseach (Revised)
Vote 3 - Office of the Attorney General (Revised)
Vote 5 - Office of the Director of Public Prosecutions (Revised)
Vote 6 - Office of the Chief State Solicitor (Revised)
(30 Jun 2016)

Michael McGrath: We will go with the figure of ten minutes, if that is okay. On Brexit, the Taoiseach is fresh from his return from the European Council. I will start with how the process will be managed on the Irish side. The Government published a contingency framework, work on which will be co-ordinated by the Department of the Taoiseach. Will the Taoiseach tell us about the team involved? Has he...

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