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Order of Business (8 Dec 2009)

Brian Cowen: The other will be published in good time for the following week.

Order of Business (8 Dec 2009)

Brian Cowen: The social welfare Bill will simply incorporate the budget decisions so the Deputy will be on notice-----

Order of Business (8 Dec 2009)

Brian Cowen: -----from the time of the budget announcement. It will be published that night or morning-----

Order of Business (8 Dec 2009)

Brian Cowen: Please Deputy, there is no need to be like that. I am answering the question and I will not be barracked like that. It is unnecessary. It is not the Deputy's form and there is no need for it.

Order of Business (8 Dec 2009)

Brian Cowen: I made the point that the contents of the social welfare Bill will relate to the budgetary announcements on social welfare. They will have to be given legal effect and we will take them this week.

Order of Business (8 Dec 2009)

Brian Cowen: The question of introducing the social welfare Bill or any other legislation which might be necessary in the aftermath of the budget will be dealt with in the normal way tomorrow morning prior to the budget's introduction. The Minister for Social and Family Affairs will outline the position to Cabinet at that point. The Deputy is as aware of the procedures relating to the budget as I am.

Order of Business (8 Dec 2009)

Brian Cowen: Advice is being sought from the Office of the Attorney General on a number of issues that have arisen during the course of the drafting of one of the Bills to which the Deputy refers. As a result, it will not be possible to publish said Bill prior to the end of this session.

Written Answers — Departmental Staff: Departmental Staff (8 Dec 2009)

Brian Cowen: Since 2004 the following numbers of staff received financial assistance for further or higher education under the Refund of Fees Scheme (as set out under the Department of Finance's Circular 23/07 (Post Entry Education – Refund of Fees, Study Leave and Examination Leave) : 2004-2005 20 staff 2005-2006 34 staff 2006-2007 25 staff 2007-2008 20 staff 2008-2009 21 staff In some cases the...

Written Answers — Code of Practice: Code of Practice (8 Dec 2009)

Brian Cowen: I propose to take Questions Nos. 106 and 107 together. The National Economic and Social Development Office (NESDO) is the only Body under my Department to which the Code of Practice for the Governance of State bodies applies. The NESDO is currently reviewing and updating its Policy and Procedures Guidelines, which contain, inter alia, the detailed governance instructions and guidelines for...

Written Answers — Regulatory Forum: Regulatory Forum (8 Dec 2009)

Brian Cowen: The recently published Government Statement on Economic Regulation indicates that the Annual Regulatory Forum will meet in the first quarter of each year commencing in 2010. The first meeting of the Forum is expected to take place in the week beginning 1 March. The Forum will involve meetings between the Taoiseach, Tánaiste, the Ministers for Enterprise, Trade and Employment, Finance,...

Leaders' Questions (9 Dec 2009)

Brian Cowen: Recapitalisation arises as a result of the nationalisation of Anglo Irish Bank in that specific case and because of the investments taxpayers have made in other covered institutions. Those issues are separate from the Budget Statement to be made by the Minister for Finance today. We need a functioning banking system in order to have a proper economy. That is a continuing challenge for the...

Leaders' Questions (9 Dec 2009)

Brian Cowen: I have made the point to Deputy Kenny that I will not speculate on any further recapitalisation required for any bank. Clearly, any future recapitalisation that may be necessary is not incorporated in the figures for today's budget.

Leaders' Questions (9 Dec 2009)

Brian Cowen: The question relates to an investment-----

Leaders' Questions (9 Dec 2009)

Brian Cowen: The question relates to investment. Investment and recapitalisation do not have an effect on the Exchequer borrowing requirement. This is covered by EU rules in respect of national accounts. Regarding what must be done to avoid exposure to the taxpayer, this is the primary objective of the Government in respect of any investment made in any banks.

Leaders' Questions (9 Dec 2009)

Brian Cowen: As the Deputy knows, the recapitalisation that has taken place at the Bank of Ireland and AIB is in respect of preference shares that the State has taken in those banks. The Minister has indicated that ordinary shares will be involved in any further investments or recapitalisation required in the future. We are being paid for the guarantees that we have given and are ensuring that there is...

Leaders' Questions (9 Dec 2009)

Brian Cowen: I suppose on the morning of any budget there will always be a lot of political rhetoric.

Leaders' Questions (9 Dec 2009)

Brian Cowen: The revisionism that is taking place is pretty predictable. Every developed country in the world faces a large and difficult economic and financial crisis.

Leaders' Questions (9 Dec 2009)

Brian Cowen: We have made an adjustment of over €8 billion in gross terms in 2009 through tax and changes in expenditure in order to bring public finances under control.

Leaders' Questions (9 Dec 2009)

Brian Cowen: The purpose of this budget is to stabilise that deficit and to create the necessary confidence within the country, and externally, that it will manage its affairs, that this Government will take the decisions necessary to sustain public services in the future and that there is no way around that. We have a divided Opposition which, on the one hand, wants no cuts in services or welfare-----

Leaders' Questions (9 Dec 2009)

Brian Cowen: -----no cuts here or there, but, on the other, suggests that we will tax our way out of this problem by making further impositions on labour and companies. That would not maintain jobs, it would destroy them.

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