Results 15,081-15,100 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Credit Availability: Credit Availability (27 Oct 2010)

Brian Lenihan Jnr: The Deputy will be aware that my Department and Mr. Trethowan of the Credit Review Office receive monthly progress reports from the two banks which allow us to monitor their lending to viable businesses in all sectors of the economy and in every area of the country. This information is commercially sensitive. The banks have 12 months to reach their targets and the overall results of their...

Written Answers — Credit Availability: Credit Availability (27 Oct 2010)

Brian Lenihan Jnr: In his appearance before the Joint Committee on Enterprise, Trade and Innovation on 21 September, Mr Trethowan informed the Committee that "Approximately 20 applications have been sent to the office for review, of which we have dealt with about ten, of which five have been upheld." These figures have not significantly changed since then. The quarterly report of the CRO will be published in...

Written Answers — Credit Availability: Credit Availability (27 Oct 2010)

Brian Lenihan Jnr: The banks covered by the Credit Review Office (CRO) inform customers who have a loan application turned down, rather than everyone who applies, about the availability of the CRO to review their application. As such, I do not at present see a need to inform all customers on a formal basis about the presence of the CRO. Anyone to whom it applies to is already being informed and there is also...

Written Answers — Tax Code: Tax Code (27 Oct 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that for the period January to September 2010 the amount received from the carbon levy is €161.6 million. The breakdown by each fuel type between Carbon and the estimated VAT is as follows: 2010 Carbon Estimated VAT Total (Jan to Sep) €m €m €m Auto Diesel 72.1 1.5 73.6 Petrol 48.4 10.2 58.6 MGO 14.8 2.0 16.8 Kerosene 3.6 0.5 4.1...

Written Answers — Tax Code: Tax Code (27 Oct 2010)

Brian Lenihan Jnr: Unfortunately, it was not possible to collate the information required for this answer in the time allowed. I will provide the Deputy with the answer in writing as soon as the information has been collated.

Written Answers — Departmental Agencies: Departmental Agencies (27 Oct 2010)

Brian Lenihan Jnr: The number of sitting board members on bodies under the aegis of my Department are set out in the following table. Bodies under the aegis of the Department of Finance Body Name Number sitting on the Board Adjudicator for Civil Service Conciliation and Arbitration Scheme, Teachers Conciliation & Arbitration Scheme, Gardaí Conciliation & Arbitration Scheme and Defence Forces Conciliation &...

Written Answers — Departmental Agencies: Departmental Agencies (27 Oct 2010)

Brian Lenihan Jnr: The annual budgets for the civil service agencies which come under the aegis of my Department are published in the book of estimates each year. The annual budgets for the other State Agencies which come under the aegis of my Department are set out below. National Treasury Management Agency The following figures include the budgeted costs in respect of the National Asset Management Agency for...

Written Answers — EU Funding: EU Funding (27 Oct 2010)

Brian Lenihan Jnr: I assume the Deputy is referring to the proposal for the establishment of a permanent crisis resolution framework in the EU. The report on the Van Rompuy Task Force, which is being submitted to the European Council of the 28th - 29th October, concluded that this proposal requires further work. The Task Force also notes that as it may imply a need for Treaty changes, depending on its specific...

Written Answers — Illicit Trade in Tobacco: Illicit Trade in Tobacco (27 Oct 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners, who are responsible for the collection of tobacco products tax, and for tackling the illicit trade in cigarettes and tobacco products, that there is no internationally recognised method for precisely determining the amount of tax lost as a result of the illicit trade in cigarettes. On the basis of a 2009 survey carried out independently on...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (27 Oct 2010)

Brian Lenihan Jnr: The Deputy will be aware that the matters referred to in his question are currently being investigated by the Office of the Director of Corporate Enforcement and other authorities. It would not therefore be appropriate for me in my role as Minister for Finance to make any comment on this matter at this stage in order to avoid any risk of prejudicing ongoing investigations.

Written Answers — Tax Reliefs: Tax Reliefs (27 Oct 2010)

Brian Lenihan Jnr: The following table provides a breakdown of the estimated cost of tax and PRSI reliefs relating to private pension contributions for 2007, the latest year for which the most up-to-date data is available. Figures have been rounded where appropriate. I am advised by the Revenue Commissioners that while corresponding updates of the cost figures are not yet available for the tax year 2008 the...

Written Answers — Banking Sector: Banking Sector (27 Oct 2010)

Brian Lenihan Jnr: The information required by the Deputy is set out in the tables following: 1. The amount of Senior and Subordinated Bonds outstanding as at 29 September 2008: Debt Amount Senior Bonds: €10,770,669,707 UK Covered Bonds: €1,512,660,000 Subordinated Debt: €4,791,653,500 2. The amount of Senior and Subordinated Bonds outstanding as at 30 September 2008 which were covered by the...

Written Answers — Site Aquisitions: Site Aquisitions (27 Oct 2010)

Brian Lenihan Jnr: Under Section 30 of the Dublin Docklands Development Authority Act 1997, the Dublin Docklands Development Authority is entitled to borrow up to a limit of 127 million euro, with the approval of the Minister for the Environment Heritage and Local Government and the consent of the Minister for Finance. In October 2006 the Dublin Docklands Development Authority applied to and was given...

Written Answers — Taxi Sector: Taxi Sector (27 Oct 2010)

Brian Lenihan Jnr: I propose to take Question Nos. 230 to 232, inclusive, together. I have not received any recent submission in relation to VRT and taxis from the Commission for Taxi Regulation or the Minister for Transport. However, my Department did receive correspondence in relation to wheelchair accessible taxis in November, 2009, and it is this correspondence to which I assume the Deputy refers. I have...

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Brian Lenihan Jnr: Deputy Feighan expressed public anger about the country's economic position. I am sure he has examined the Watson and Regling report, which traced the causation of the economic crisis we are in. One of the great strengths of this country's economy has been its continued robust export performance. There was a substantial increase in the number of people in the workforce in the 1990s and the...

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Brian Lenihan Jnr: The Taoiseach indicated yesterday that the annualised average growth that is predicted for the four years in question is 2.75%. Greater clarity will be brought to that matter in the plan, which will set out the target figure for next year. Work is under way in the Department of Finance to examine the various assumptions. A great deal of information has already been shared with the Fine...

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Brian Lenihan Jnr: I am talking about the EU Stability and Growth Pact. It was not fit for its purpose of assessing the degree of risk to which Ireland was exposed. Issues like the competitiveness of unit labour costs and the development of asset price bubbles will be part of the revised Stability and Growth Pact. I have argued strongly for that at EU level. To date, the task force has focused on questions...

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Brian Lenihan Jnr: Again, it is not clear how punitive the element of the suggestion is and that matter still requires exploration. That is as far as I can put it for Deputy Morgan at this stage.

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Brian Lenihan Jnr: I have not read it yet.

Macroeconomic and Fiscal Outlook: Statements (Resumed) (28 Oct 2010)

Brian Lenihan Jnr: The Deputy should be careful on that subject.