Results 15,521-15,540 of 16,537 for speaker:Brian Lenihan Jnr
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: I thank Members of the House for reinforcing what I and the Governor of the Central Bank said in regard to the position of depositors in Irish banks. The issue of the guarantee was ventilated again. I am not sure that the public wants to hear us endlessly argue about this. Let us be clear, Deputy Burton and her party opposed the guarantee in principle and in totality. Deputy Burton, as she...
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: As I have said repeatedly, had the bank guarantee not been introduced two years ago-----
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: -----we would not now have an economy, never mind a banking system.
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: The entire banking system faced collapse at that time. Funding for our banking system had all but dried up and the banks faced closure within days. Deputy Burton quoted from Professor Honohan's report. I, too, have quoted from that report. I accepted that the Governor had reservations about some of the categories included in the guarantee. It is important to note that the category of...
- Irish Banking: Statements (18 Nov 2010)
Brian Lenihan Jnr: He accepted that a broad guarantee was necessary and he painted a picture of the devastation that would have ensued if we followed the advice of Deputy Burton and the Labour Party. The Governor said there would have been additional lost income and unemployment, amounting to tens of billions of euro. The euro group statement on Tuesday welcomed the significant measures the Government has...
- Written Answers — Economic and Monetary Union: Economic and Monetary Union (18 Nov 2010)
Brian Lenihan Jnr: 2057I assume the Deputy is referring to the outcome of the work carried out by the Van Rompuy Task Force. In March 2010, in the light of the global economic and financial crisis and the deterioration in public finances across the EU, the European Council mandated a Task Force under President Van Rompuy and comprising representatives of the Member States, the European Commission and ECB to...
- Written Answers — Informal Economy: Informal Economy (18 Nov 2010)
Brian Lenihan Jnr: 2057My Department does not produce estimates of the size of the informal economy nor of the estimated loss to the exchequer arising from such activities. Internationally, a considerable amount of research has been undertaken in this area but, by definition, it is always difficult to quantify the scale of the informal economy. Having said that, the Central Statistics Office in compiling...
- Written Answers — Carbon Budget: Carbon Budget (18 Nov 2010)
Brian Lenihan Jnr: Based on the current state of knowledge and data as supplied by the EPA we can estimate the State allowances as follows: 000's Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 Aviation Allowances 475 475 475 475 475 475 475 475 475 EUA Allowances (ETS excl aviation) - 8,151 8,001 7,852 7,702 7,552 7,403 7,253 7,104 As with any market based instrument it is difficult to say conclusively...
- Written Answers — National Solidarity Bond: National Solidarity Bond (18 Nov 2010)
Brian Lenihan Jnr: The State Savings schemes, including the National Solidarity Bond, are managed by the National Treasury Management Agency. The State Savings products are intended primarily for the retail investor. In the same way as funds borrowed by the Agency on the international and domestic markets, they are used to fund the Exchequer and form part of the National Debt.
- Written Answers — National Solidarity Bond: National Solidarity Bond (18 Nov 2010)
Brian Lenihan Jnr: In Budget 2010, I announced the Government's intention to launch a National Solidarity Bond, the purpose of which is to allow citizens an opportunity to invest and provide money to the State to stimulate economic recovery and to assist in the maintenance and creation of employment. The necessary legislative basis was provided in this year's Finance Act and the Bond was launched on Tuesday 4...
- Written Answers — National Lottery: National Lottery (18 Nov 2010)
Brian Lenihan Jnr: The total amount of money which accrued to the Exchequer from the National Lottery in 2009 was â¬275m. The surplus from the National Lottery is transferred to the Exchequer and is applied each year to part-fund the Exchequer allocations to a specified range of expenditure subheads across various Votes. Each year, the amount transferred to the Exchequer from the National Lottery surplus,...
- Written Answers — Tax Yield: Tax Yield (18 Nov 2010)
Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the total amount collected in respect of all vehicles in vehicle registration tax for 2009 is â¬375.4m and for the period January to October 2010 the provisional amount collected is â¬361.7m. The amount of VRT collected per vehicle CO2 category for new and imported cars is shown in the attached tables. The amounts shown for VRT in 2010 are...
- Written Answers — Departmental Expenditure: Departmental Expenditure (18 Nov 2010)
Brian Lenihan Jnr: As the Deputy is aware the Government decided in 2009 that the performance related award scheme for Assistant Secretaries and Deputy Secretaries would be terminated, which resulted in an annual saving of around â¬2m. In applying the reductions in pay in January 2010, I considered that account had to be taken of the reduction in remuneration for Assistant Secretaries, Deputy Secretaries and...
- Written Answers — Tax Yield: Tax Yield (18 Nov 2010)
Brian Lenihan Jnr: The overall yield in 2010 from the carbon tax, inclusive of VAT, is estimated at around â¬240 million, with the estimated yield in a full year being â¬330 million. I am informed by the Revenue Commissioners that since the introduction of carbon taxes in 2010 the yields, by category, to end October are as follows :- 2010 Carbon Levy Estimated VAT Total Jan to Oct â¬m â¬m â¬m Auto...
- Written Answers — Departmental Investigations: Departmental Investigations (18 Nov 2010)
Brian Lenihan Jnr: There were 160 external reports or reviews commissioned by bodies under the aegis of my Department in the period in question . Details of the reports or reviews commissioned are contained in the following tables National Treasury Management Agency ( Inclusive of State Claims Agency, National Development Finance Agency, National Pension Reserve Fund and National Asset Management Agency)...
- Written Answers — Company Law: Company Law (18 Nov 2010)
Brian Lenihan Jnr: Policy matters in relation to company law and bankruptcy are the responsibility of the Minister for Enterprise, Trade and Innovation and the Minister for Justice respectively in the first instance.
- Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)
Brian Lenihan Jnr: I welcome the opportunity to provide the House with information on developments regarding the Government's request for financial assistance and the meetings of the eurogroup and ECOFIN on 21 November 2010. The Government welcomes the decision of our European Union partners to provide assistance to Ireland, not only to address the banking and budgetary challenges we face but also to safeguard...
- Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)
Brian Lenihan Jnr: It was Deputy Noonan's party leader who requested me to make a statement on this.
- Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)
Brian Lenihan Jnr: I am responding to Deputy Noonan's party leader. I am not aware of any particular difficulties; I am making this statement in response to a request by Deputy Noonan's party leader. I have met this request, which was a reasonable request to make, and I am simply making clear what the position is. The position is that the necessary cash is provided for the Irish banking system through the...
- Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)
Brian Lenihan Jnr: It was not said with venom.