Results 20,041-20,060 of 26,053 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Kieran O'Donnell: I presume that situation would be classified as a risky loan on the balance sheet of Ulster Bank beforehand. At the moment this matter has cropped up as an issue across the mortgage loan book. I would use the term "paradox of positive equity" whereby people in positive equity are at times more vulnerable than people in negative equity. I do not mean they are vulnerable in terms of their...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Kieran O'Donnell: I did not ask that question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Kieran O'Donnell: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: (Resumed) Ulster Bank (8 Apr 2014)

Kieran O'Donnell: I am not saying anything about that. I made a straightforward point. This matter has arisen for all institutions. We deal with the public like banks do but in a different capacity. A worrying feature has arisen. There is a danger that the banks are becoming bloodhounds for positive equity within loans. There is a danger that people in arrears with their mortgage repayments are at a...

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management (3 Apr 2014)

Kieran O'Donnell: What is Mr. Watt's general view of the model for funding public service pensions? How sustainable is the provision? I understand officials are considering the various assumptions and the dependency ratio between the numbers working in the public sector and those in receipt of public sector pensions, which is tipping more towards pensioners.

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management (3 Apr 2014)

Kieran O'Donnell: The dependency ratio is reducing.

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management (3 Apr 2014)

Kieran O'Donnell: Has the Secretary General looked at sustainability models?

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management (3 Apr 2014)

Kieran O'Donnell: If it was linked to the CPI what would it be?

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management (3 Apr 2014)

Kieran O'Donnell: There would be a further €16 billion in savings. Is that correct?

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management (3 Apr 2014)

Kieran O'Donnell: What does Mr. Watt anticipate with regard to bonuses and so forth within the public sector? Does he have a view on that?

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management (3 Apr 2014)

Kieran O'Donnell: In general, yes. There is a pay freeze in place until 2016. Thereafter, what is Mr. Watt's view, as someone who is ---

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management (3 Apr 2014)

Kieran O'Donnell: The issue of the overarching role of the Department vis-à-visall other Departments and the State agencies has come up a number of times. I have raised the matter of State bodies and Departments holding cash balances previously. Has the Department examined this issue? There is a perception that money is being hoarded away in various bodies. Has the Department quantified the amount of...

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management (3 Apr 2014)

Kieran O'Donnell: Has the Department examined the historical tendency for Departments and agencies to do an enormous proportion of their spending during the month of December to keep their budgets up? What is the situation in that regard now?

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management (3 Apr 2014)

Kieran O'Donnell: What is Mr. Watt's view of the stimulus package and the sale of State assets?

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management (3 Apr 2014)

Kieran O'Donnell: When did it come in?

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management (3 Apr 2014)

Kieran O'Donnell: Is that €220 million?

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management (3 Apr 2014)

Kieran O'Donnell: When is the second moiety due?

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management (3 Apr 2014)

Kieran O'Donnell: The €220 million has come in already ---

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management (3 Apr 2014)

Kieran O'Donnell: Can Mr. Watt tell me how this will feed into the stimulus package in terms of the timeframe and so forth?

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management (3 Apr 2014)

Kieran O'Donnell: Does Mr. Watt have any idea of the amount that will be available over the three-year period?