Results 19,481-19,500 of 27,945 for speaker:Michael McGrath

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Sector: Discussion (2 Jul 2019)

Michael McGrath: It will continue to be a net reduction. Is that accurate?

Cork Mail Centre: Motion [Private Members] (3 Jul 2019)

Michael McGrath: I welcome the fact that Deputy Barry and his colleagues have tabled this motion. In the short time available to me, I merely want to state - I am sure the Minister will be aware of this - that many of the 240 workers directly affected and their families are devastated. The impact of this will vary from individual to individual and family to family, but many of them are now facing into a...

Written Answers — Department of Finance: Primary Medical Certificates Eligibility (3 Jul 2019)

Michael McGrath: 108. To ask the Minister for Finance if he is reviewing the eligibility criteria for the primary medical certificate; the status of same; and if he will make a statement on the matter. [28324/19]

Written Answers — Department of Finance: Primary Medical Certificates Eligibility (3 Jul 2019)

Michael McGrath: 110. To ask the Minister for Finance if he is reviewing the eligibility criteria for the disabled drivers and passengers tax concession scheme; the annual cost of the scheme; the status of same; and if he will make a statement on the matter. [28325/19]

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Michael McGrath: I welcome the Minister and his officials to the meeting and thank him for his opening statement. I will start with a somewhat technical but very important question. Where does the indicative figure pencilled in by the Minister for tax reductions of €600 million per annum, which is in annex 1 on page 38, the very last page, of the summer economic statement, fit within table 6 on page...

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Michael McGrath: It is part of the unallocated figure.

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Michael McGrath: The €2.8 billion is not after allowing for €600 million of tax cuts.

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Michael McGrath: The Minister is saying that any tax cuts by way of a budget day announcement must come out of his unallocated amount of €700 million.

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Michael McGrath: The potential for tax cuts.

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Michael McGrath: That is fine because that was not clear to me. From parliamentary replies last night, it was not entirely clear to me but that does explain it. Prior to the Irish Congress of Trade Unions, ICTU, conference today, the Taoiseach stated that there would be €600 million of tax reductions next year. I thought no budgetary decisions had been made, but that seemed to be a statement of fact.

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Michael McGrath: Okay. It was not a statement of fact, although that is how it came across. Is it correct that no decision has been made on the composition of the budget day package, including tax or expenditure?

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Michael McGrath: The Government's position is that the Taoiseach will come to a conclusion as to the most likely Brexit scenario by mid-September or so. He will then advise the Minister accordingly and that will determine the shape of the budget. Can the Minister provide a sense of how different the budget will be, based on the two scenarios, one being the benign outcome of an orderly Brexit with a deal and...

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Michael McGrath: We have that from the tables. It is quite clear.

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Michael McGrath: I am asking what the differences will be in the two potential budgets that may be announced.

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Michael McGrath: The essential difference on budget day will be the composition of the amount of the €700 million the Minister has in play. What he decides to do with that is the difference.

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Michael McGrath: This year's outturn will be important. It will feed into next year, into the budget and so on. In the context of the Department of Health Vote, which includes the HSE, the edition of the Fiscal Monitor published yesterday shows an underspend of €33 million up to the end of June. Yet, the Minister for Health, Deputy Harris, informed the Dáil yesterday that the HSE is €116...

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Michael McGrath: I accept that the figures published yesterday do not relate solely to the HSE. However, the vast bulk of the money involved relates to the executive's budget. I do not think the Minister is suggesting that the HSE went from being €116 million over budget to the end of April to underspending by €33 million to the end of June. There is an issue here with the system of...

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Michael McGrath: The Chairman is keen to move on.

Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)

Michael McGrath: I will ask one more question. The Minister had a back-and-forth with Deputy Pearse Doherty in the Dáil recently about Christmas bonuses. The Minister kept stating that they are included in the base. He was adamant about the matter and gave the impression that they have been budgeted for. My understanding is that they are only in the base to the extent that they are in the outturn...

Written Answers — Department of Finance: Tax Reliefs Data (4 Jul 2019)

Michael McGrath: 76. To ask the Minister for Finance the estimated first and full year cost of increasing the cap for entrepreneurial relief on capital gains tax from €1 million to €5, €10 and €15 million, respectively. [28754/19]