Results 1,901-1,920 of 27,019 for speaker:Michael Noonan
- Written Answers — Proposed Legislation: Proposed Legislation (1 Jun 2011)
Michael Noonan: The Finance (No. 3) Bill 2011 will be brought before the House shortly to provide for the necessary taxation changes to the various Taxation Acts arising from the Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010. I expect publication of the Bill in the coming weeks and the Bill to be enacted before the summer.
- Written Answers — National Asset Management Agency: National Asset Management Agency (2 Jun 2011)
Michael Noonan: NAMA has, in the first instance, acquired loans and it advises me that property or other assets securing these loans remain in the possession of debtors unless it takes enforcement action against them. I am informed that, under an initiative currently in preparation, NAMA will shortly include on its website a database of properties which are under the control of receivers appointed to...
- Written Answers — Tax Code: Tax Code (2 Jun 2011)
Michael Noonan: The reduced rate of VAT of 9% from 1 July 2011 will apply to the restaurant and catering services that includes the eat-in meal sectors (coffee houses, fast food operators) and other operators providing similar services. The reduced rate will also apply to all hot take-away food. I am advised by the Revenue Commissioners that, while the measures are contained in the Finance (No. 2) Bill...
- Written Answers — Tax Collection: Tax Collection (2 Jun 2011)
Michael Noonan: I am informed by Revenue that the person concerned has failed to meet the terms of a phased payment arrangement entered into in recent months with Revenue and is failing to meet current tax payment and filing obligations as they arise. The debt concerned is now the subject of active consideration for enforcement action by Revenue. The person concerned should immediately contact Revenue...
- Written Answers — EU-IMF Fund: EU-IMF Fund (2 Jun 2011)
Michael Noonan: The Central Bank of Ireland has informed me that as part of the stress tests, it added two levels of conservatism to the calculated capital requirements thus creating a capital buffer. This was established to take into consideration the potential capital absorbing impact of certain matters falling outside the parameters of the stress test. This includes defaults falling outside the stress...
- Written Answers — EU-IMF Fund: EU-IMF Fund (2 Jun 2011)
Michael Noonan: On the 17th of May last, in response to a similar Parliamentary Question from Deputy Finian McGrath, I pointed out that Ireland is not a member of the G7, and does not participate in its discussions. I therefore have no records of the matter raised in the question. I do understand that there have, from time to time, been discussions about Ireland among various parties. However, Ireland's...
- Written Answers — EU-IMF Fund: EU-IMF Fund (2 Jun 2011)
Michael Noonan: It is the stated intention of the National Treasury Management Agency (NTMA) to return to sovereign debt markets as soon as market conditions permit. The steps necessary to enable such a return include resolution of the banking sector issues and continued progress in the reduction of the budget deficit in line with the targets agreed in the EU/IMF Programme of Financial Support, together...
- Written Answers — EU-IMF Fund: EU-IMF Fund (2 Jun 2011)
Michael Noonan: I understand that the comments referred to in the question were made in relation to the likely funding transport infrastructure projects and were not about the EU/IMF Programme of financial support in general. Ireland's Programme is on track and we are doing what is necessary to restore our ability to fund ourselves. It is the stated intention of the National Treasury Management Agency...
- Written Answers — EU-IMF Fund: EU-IMF Fund (2 Jun 2011)
Michael Noonan: The Central Bank has published the details of the sovereign exposures of the four domestic institutions subject to Prudential Capital Assessment Review (PCAR) 2011. In the following tables, sovereign exposures as at 31 December 2010 are set out based on the information available to the Central Bank. Sovereign exposures include, though are not limited to, the following categories of assets:...
- Written Answers — EU-IMF Fund: EU-IMF Fund (2 Jun 2011)
Michael Noonan: I understand that the Deputy is referring to the amount of unguaranteed senior bonds in the covered institutions. The Central Bank of Ireland has advised me that the as at end May 2011, the total unguaranteed senior debt in the covered institutions is â¬35,938m of which â¬19,632m is unguaranteed senior secured and â¬16,306m is unguaranteed senior unsecured.
- Written Answers — EU-IMF Fund: EU-IMF Fund (2 Jun 2011)
Michael Noonan: I am informed by the National Treasury Management Agency (NTMA) that the following Irish government bonds are due for repayment in the years 2011 to 2013: Bond Maturity Date Amount Outstanding (May 2011) 4% Treasury Bond 11 November 2011 â¬4,390.00 million 3.9% Treasury Bond 05 March 2012 â¬5,545.00 million 5.0% Treasury Bond 18 April 2013...
- Written Answers — EU-IMF Fund: EU-IMF Fund (2 Jun 2011)
Michael Noonan: The Joint EU/IMF Programme of Financial Support for Ireland provides for a total financial package of â¬85 billion. Some â¬671â2 billion comes from the European funding facilities â the European Financial Stability Fund (EFSF) and the European Financial Stability Mechanism (EFSM) â bilateral loans from the UK, Sweden and Denmark and the International Monetary Fund's (IMF) Extended...
- Written Answers — Debt Management Companies: Debt Management Companies (2 Jun 2011)
Michael Noonan: Some financial service providers, currently authorised by the Central Bank, provide debt advice to consumers, for example, mortgage brokers. Consumers can confirm whether or not a financial service provider is authorised by checking the Register of Financial Service Providers on the Central Bank's website. There are also companies offering debt management and debt counselling services...
- Written Answers — Pension Provisions: Pension Provisions (2 Jun 2011)
Michael Noonan: I assume that what is being proposed in the details supplied with the Deputy's question is that the amount of the pension levy passed on to individuals over the period of the levy should be available to them as a credit against future income tax liabilities. The moneys to be raised from the pension fund levy will be used to pay for the reductions in VAT, PRSI and the air travel tax as well...
- Written Answers — Departmental Staff: Departmental Staff (2 Jun 2011)
Michael Noonan: The numbers of public servants employed on a Ministerial Vote Group basis and by functional classification for the period Q4 2008 to Q1 2011, as reported to the Department of Public Expenditure & Reform, is presented in the following tables. Information on the contractual arrangement in place across the public service is not reported to the Department of Public Expenditure & Reform and...
- Written Answers — Departmental Staff: Departmental Staff (2 Jun 2011)
Michael Noonan: The information reported to the Department of Public Expenditure & Reform indicates that 1,080 civil and public servants availed of the incentivised career break in 2009. The Government is committed to reducing public service numbers by up to 25,000 by 2015, subject to there being no compulsory redundancies and to the protection of front line services. The measures necessary to give effect...
- Seanad: EU-IMF Programme (2 Jun 2011)
Michael Noonan: I thank Senator Thomas Byrne for raising this issue and giving me the opportunity to address the remarks made. I also thank him for his support and that of his party for the general thrust of Government policy on these matters. When commenting on financial market issues, it is important we are aware that what we say can be misunderstood for a variety of reasons. For this reason finance...
- Fiscal Policy (7 Jun 2011)
Michael Noonan: I propose to take Questions Nos. 21 and 22 together. The joint EU-IMF programme of financial support for Ireland provides for a total financial package of â¬85 billion. Some â¬67.5 billion comes from the European funding facilities - that is the European financial stability mechanism, EFSM and the European financial Stability Facility, EFSF - bilateral loans from the UK Sweden and Denmark...
- Fiscal Policy (7 Jun 2011)
Michael Noonan: I am giving the Deputy the most prudent assessment of what we are facing in terms of what must be repaid and what is available to us. I could give him a more benign estimate of the figures and say we could carry through to the end of 2013, but I want to be prudent and tell him the worst case scenario. There is no question of the sovereign side requiring additional funding in 2011 or 2012....
- Fiscal Policy (7 Jun 2011)
Michael Noonan: Theoretically the Deputy may turn out to be correct but his comments are speculative. The programme only commenced in December 2010 and we are now at the start of June 2011. We are approximately six months into the programme under two Governments. The programme under the current Government is three months old and gives us sufficient money to carry us forward for the next two years at a...