Results 1,441-1,460 of 27,945 for speaker:Michael McGrath
- Fiscal Policy (3 May 2011)
Michael McGrath: The stability programme update published last Friday made for sobering reading, particularly with the reduction in the growth forecast for the current year down by a full per cent to 0.8%. We all accept that growth is the key issue regarding debt sustainability but my question is whether the Department of Finance is still being overly optimistic. While it has reduced significantly the...
- Fiscal Policy (3 May 2011)
Michael McGrath: In regard to the NTMA's advice that if there were to be any deterioration on the figures beyond what we currently anticipate, are we-----
- Fiscal Policy (3 May 2011)
Michael McGrath: As the Minister has indicated, the projection is that by 2015 the national debt interest repayments will account for 21% of tax revenue but that tax revenue figure is based on a figure which is 27% higher than the 2011 tax revenues. If that transpires to be more optimistic than the reality, the amount of the tax revenue going in interest repayments will far exceed 21%; it could be 25% or...
- Fiscal Policy (3 May 2011)
Michael McGrath: Question 33: To ask the Minister for Finance the expected cost for the remainder of 2011 and for each of 2012 and 2013 of the planned jobs initiative; and if this cost will be met by spending cuts, tax increases or a combination of both. [9751/11]
- Fiscal Policy (3 May 2011)
Michael McGrath: I thank the Minister for his response. As was mentioned recently, when EU and IMF officials reviewed the bailout agreement, they made it clear that any initiative would have to be revenue neutral and the Minister has referred to that. The gross costs of what is proposed are significant and I emphasise the word "gross" because we all hope the measures will be successful and that some of the...
- Fiscal Policy (3 May 2011)
Michael McGrath: The reduction in the lower rate of VAT between the middle of this year and the end of the 2013 will cost approximately â¬850 million gross and the reduction in the lower rate of PRSI will cost more than â¬400 million between now and the conclusion of the EU-IMF programme in 2013. Those two measures alone, therefore, have a gross cost of â¬1.3 billion. Hopefully the net cost will be much...
- Fiscal Policy (3 May 2011)
Michael McGrath: The parliamentary question reply is from the Minister, Deputy Noonan.
- Bank Guarantee Scheme (3 May 2011)
Michael McGrath: The Minister has made it clear that there is no formal or informal reporting relationship in place between the public interest directors and the Minister. Many people will find that strange. Does he have no direct contact whatsoever with those public interest directors as individuals and if not does he intend to introduce more formal arrangements between him, as Minister, and these...
- Order of Business (3 May 2011)
Michael McGrath: Following the announcement of the jobs initiative next week, how quickly will we see the finance (No. 2) Bill to give effect to some of the measures to be announced such as VAT and PRSI reductions? When does the Taoiseach expect these measures to take effect? Will they take effect immediately?
- Written Answers — State Assets: State Assets (3 May 2011)
Michael McGrath: Question 39: To ask the Minister for Finance his plans for the sale of State assets; and if he will make a statement on the matter. [6730/11]
- Written Answers — State Assets: State Assets (3 May 2011)
Michael McGrath: Question 161: To ask the Minister for Finance if the EU-IMF-ECB agreed during the recent review of the funding programme that the proceeds from the sale of certain State assets could be invested in job creation initiatives instead of paying down the national debt; and if he will make a statement on the matter. [9739/11]
- Written Answers — National Debt: National Debt (3 May 2011)
Michael McGrath: Question 77: To ask the Minister for Finance taking account of the additional bank recapitalisation following the recent bank stress tests, the amount of interest he anticipates will be paid on the national debt for each of the years 2012, 2013, 2014 and 2015; and the percentage of the total tax take that will be accounted for by such payments for each of those years. [9692/11]
- Written Answers — Departmental Staff: Departmental Staff (3 May 2011)
Michael McGrath: Question 106: To ask the Minister for Finance if he will provide details of all the senior civil servant posts that will not fall under the remit of the Top Level Appointments Committee; the rationale for excluding such posts from the committee; and if he will make a statement on the matter. [9743/11]
- Written Answers — Fiscal Policy: Fiscal Policy (3 May 2011)
Michael McGrath: Question 112: To ask the Minister for Finance in view of the downward growth forecasts for the economy here, if the required fiscal adjustment for 2012 remains at â¬3.6 billion in accordance with the EU-International Monetary Fund programme or if it has been adjusted to reflect the less optimistic growth predictions. [9752/11]
- Written Answers — Departmental Staff: Departmental Staff (3 May 2011)
Michael McGrath: Question 129: To ask the Minister for Finance if there are recruitment plans for a service (details supplied). [9258/11]
- Written Answers — Interest Rates: Interest Rates (3 May 2011)
Michael McGrath: Question 166: To ask the Minister for Finance the position regarding efforts to secure a reduction in the interest rate attached to the Ireland EU-IMF-ECB Programme; and if he will make a statement on the matter. [9745/11]
- Written Answers — Interest Rates: Interest Rates (3 May 2011)
Michael McGrath: Question 167: To ask the Minister for Finance if he will provide details of the technical basis of the calculation of the various interest rates attached to the separate elements of the Ireland EU-IMF-ECB Programme and the way he plans to achieve a reduction in the various rates for Ireland. [9746/11]
- Written Answers — Interest Rates: Interest Rates (3 May 2011)
Michael McGrath: Question 168: To ask the Minister for Finance the amount of money, on full drawdown of the expected â¬74 billion of the â¬85 billion loan facility, that will be saved each year by a 1% reduction in the interest rate attached to the Ireland EU-IMF-ECB Programme; and if he will make a statement on the matter. [9747/11]
- Written Answers — State Agencies: State Agencies (3 May 2011)
Michael McGrath: Question 160: To ask the Minister for Finance if he will provide details of the proposed pay review among the commercial semi-State sector and State agencies; if the review will encompass all employees of such bodies; the person who will conduct the review; the terms of reference; when the review is expected to be completed; and if he will make a statement on the matter. [9738/11]
- Written Answers — Tax Code: Tax Code (3 May 2011)
Michael McGrath: Question 162: To ask the Minister for Finance the cost to the Exchequer in 2010 and the expected cost in 2011 of providing income tax relief on pension contributions under existing legislation; the amount the corresponding figures would be if all pension contributions only attracted tax relief at the lower 20% rate; and if he will make a statement on the matter. [9740/11]