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Written Answers — National Asset Management Agency: National Asset Management Agency (3 Dec 2009)

Kieran O'Donnell: Question 122: To ask the Minister for Finance his views on the confirmation that certain financial institutions covered under the National Asset Management Agency may not be using the NAMA bonds to obtain low interest credit from the European Central Bank for use in lending to small business; if he intends to issue guidance to the institutions regarding this matter; the alternative plans in...

Written Answers — Flood Relief: Flood Relief (3 Dec 2009)

Kieran O'Donnell: Question 123: To ask the Minister for Finance the outcome of his approaches to the EU for funding for flood relief; the amount of funding that he anticipates will be forthcoming; the uses to which this funding will be put; which funds are being examined; when such funding will be in place; and if he will make a statement on the matter. [45285/09]

Written Answers — Flood Relief: Flood Relief (3 Dec 2009)

Kieran O'Donnell: Question 124: To ask the Minister for Finance the interim plans for flood relief that will be put in place in the coming months until the proposed consultants' report is made available to the Office of Public Works; the particular initiatives that will form the consultants' brief; the reasons for the March deadline for the appointment of the consultants; the period they will be required to...

Written Answers — Financial Services Regulation: Financial Services Regulation (3 Dec 2009)

Kieran O'Donnell: Question 125: To ask the Minister for Finance if his attention has been drawn to the remuneration plan for a bank (details supplied) as prepared for him by the covered institutions remuneration oversight committee; if this plan has been amended; the value of the remuneration packages for the incoming executive chairman and managing director; the duration of the contracts; if bonus payments...

Vote 41 - Office of the Minister for Children and Youth Affairs (Supplementary) (8 Dec 2009)

Kieran O'Donnell: I propose to share time with Deputy Michael Ring. This is the eve of the most significant budget in the short history of the country. We are debating Estimates, some of which are revenue neutral, across a range of Departments. The Minister for Defence, Deputy Willie O'Dea, referred to a number of issues including Vote 30, dealing with the underpayment of €2.4 million to RTE in respect of...

Vote 41 - Office of the Minister for Children and Youth Affairs (Supplementary) (8 Dec 2009)

Kieran O'Donnell: Perhaps they wrote it out long-hand.

Vote 41 - Office of the Minister for Children and Youth Affairs (Supplementary) (8 Dec 2009)

Kieran O'Donnell: It could be taking money from other areas.

Vote 41 - Office of the Minister for Children and Youth Affairs (Supplementary) (8 Dec 2009)

Kieran O'Donnell: Is it true there are no further trainee gardaí entering Templemore, that the last intake has just arrived there?

Vote 41 - Office of the Minister for Children and Youth Affairs (Supplementary) (8 Dec 2009)

Kieran O'Donnell: What about the intake into Templemore?

Dublin Docklands Development Authority (Amendment) Bill 2009: Second Stage (Resumed) (9 Dec 2009)

Kieran O'Donnell: I propose to share time with Deputy Terence Flanagan. I support what Deputy Hogan proposes. This is a reasonable and practical Bill and I commend him on it. What is required is for the Comptroller and Auditor General to audit the Dublin Docklands Development Authority and examine the purchase of the Irish Glass Bottle site. The scale of the figures involved is amazing. That is why Deputy...

Financial Resolution No. 1: Excise (Alcohol Products) (9 Dec 2009)

Kieran O'Donnell: While I note with interest that the Taoiseach stated we have high excise duties for health reasons, I am not sure that is the full picture. Reducing excise duties has major implications, in particular for Border areas which have significant problems in the sense that alcohol has been a loss leader for shops over the Border, so there is certainly merit in this measure. In the last budget,...

Financial Resolution No. 1: Excise (Alcohol Products) (9 Dec 2009)

Kieran O'Donnell: I am trying to bring an overall perspective to the Financial Resolution. The key point is that, while I welcome it, if this is the only proper fiscal stimulus in the budget, it does not augur well in terms of Ireland coming out of recession.

Financial Resolution No. 1: Excise (Alcohol Products) (9 Dec 2009)

Kieran O'Donnell: I refer to the pamphlet on budget 2010 produced by the Government. The first item under stimulus measures to create jobs and spur recovery is effectively the reduction in excise duties. I refer to the national retrofit programme, the VRT on motor vehicles, the scrappage scheme, forestry and getting credit flowing, which is only a sop and will not be properly implemented. To make a...

Financial Resolution No. 1: Excise (Alcohol Products) (9 Dec 2009)

Kieran O'Donnell: That was stated in black and white.

Financial Resolution No. 2: Excise (Mineral Oil) (9 Dec 2009)

Kieran O'Donnell: That will not happen until 1 January.

Financial Resolution No. 2: Excise (Mineral Oil) (9 Dec 2009)

Kieran O'Donnell: Yes.

Financial Resolution No. 2: Excise (Mineral Oil) (9 Dec 2009)

Kieran O'Donnell: Exactly.

Financial Resolution No. 2: Excise (Mineral Oil) (9 Dec 2009)

Kieran O'Donnell: The Minister should speak to the motion.

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Kieran O'Donnell: On financial resolution No. 3, the reduction in the standard rate of VAT from 21.5% to 21% was part of our pre-budget submission. It defied logic why the Government sought in its wisdom to increase the VAT rate from 21% to 21.5% in the last budget. It also increased the VAT rate on the day of the budget but we now find that when it proposes to reduce VAT, the reduction does not become...

Financial Resolution No. 3: Value-Added Tax (9 Dec 2009)

Kieran O'Donnell: The VAT is less there.

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