Results 121-140 of 207 for speaker:Edward Timmins
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)
Edward Timmins: Is Mr. Marmion saying that what he stated here was wrong?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)
Edward Timmins: To be clear, is Mr. Marmion saying that what the Governor of the Central Bank said here last Wednesday was incorrect?
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)
Edward Timmins: That is fine. I have one more question. When we, including Deputy Brennan and others, and maybe me, asked the Central Bank last week about what level of funding was raised through the issuing of bonds through the EU, the governor stated that the funds raised were in the order of €100 million to €150 million. I do not have an exact time period, though maybe since the last...
- Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Israeli Bond Programme: Discussion (Resumed) (18 Jun 2025)
Edward Timmins: Go ahead.
- Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)
Edward Timmins: I looked at last year's multiyear expenditure plan, which showed a rapid increase in interest payments to €5.3 billion in 2030 versus €3.1 billion in 2024. I thought we would have been looking at reducing our interest charges over the coming decade.
- Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)
Edward Timmins: It is a significant number. We got a summary from the Parliamentary Budget Office. I am referring to that. It is based on Department of Finance publications. How do the corporation tax forecasts for 2024, excluding the Apple payment, and the one so far for 2025, compare to the actual?
- Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)
Edward Timmins: Okay. What about the first five months of 2025?
- Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)
Edward Timmins: With reference to the deficit, is it planned to have large or underlying deficits going forward, taking out the windfall corporation taxes? The report says the underlying deficit will increase from €4.6 billion in 2025 to €6.8 billion in 2026. That is quite a significant underlying increase of €2 billion in the deficit next year.
- Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)
Edward Timmins: Regarding capital expenditure, it is good the Department is increasing a lot. Does the Department look at investment returns on infrastructure projects such as roads or waste-water treatment plants? If we build a waste-water treatment plant there is a return because there are more houses, more VAT and roads obviously increase economic activity. Does the Department do investment appraisals...
- Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)
Edward Timmins: Is that published anywhere?
- Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)
Edward Timmins: I would be interested in seeing that.
- Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)
Edward Timmins: The EU has a ceiling of 5.1% increase in expenditure. It is referred to in the PBOs document. Does that apply to all European countries or does each country get a specific spending ceiling? Also, does it take account of population increases?
- Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)
Edward Timmins: It is an Ireland-specific figure, then. It is not a blanket European-----
- Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)
Edward Timmins: We come up with that ourselves.
- Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)
Edward Timmins: The outlook for expenditure growth in the five-year document is not adjusted for inflation, is it? They are absolute figures.
- Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)
Edward Timmins: I have a general question on the labour market. Are there plans to increase labour participation of people living in Ireland through training programmes, new career path opportunities or increased college places, particularly in the fields of medicine, nursing homes and dental service?
- Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)
Edward Timmins: Is there anything in particular on nursing homes and training and a career path for people working in nursing homes?
- Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)
Edward Timmins: I have one more question before my time is up.
- Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)
Edward Timmins: On page four of the Minister for Finance's opening statement he said there is a current projection of an €8.7 billion surplus. How does that differ from the original projection in the budget this time last year?
- Committee on Budgetary Oversight: Annual Progress Report 2025: Discussion (24 Jun 2025)
Edward Timmins: I thank the Ministers.