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Committee on Budgetary Oversight: Economic and Fiscal Position: Nevin Economic Research Institute (6 Sep 2016)

Pearse Doherty: Yes, but the figures on the reference rate for potential growth are-----

Committee on Budgetary Oversight: Economic and Fiscal Position: Nevin Economic Research Institute (6 Sep 2016)

Pearse Doherty: They are official figures that draw upon the 3.5% average.

Committee on Budgetary Oversight: Economic and Fiscal Position: Nevin Economic Research Institute (6 Sep 2016)

Pearse Doherty: When will that be locked in?

Committee on Budgetary Oversight: Economic and Fiscal Position: Nevin Economic Research Institute (6 Sep 2016)

Pearse Doherty: That will be calculated by the Department of Finance itself.

Committee on Budgetary Oversight: Economic and Fiscal Position: Nevin Economic Research Institute (6 Sep 2016)

Pearse Doherty: I must say that Dr. McDonnell's table is the best I have seen in terms of the walk through. He makes the point that if the reference rate had increased by 0.5%, there would have been a reduction of €1.8 billion. The opposite would also be true.

Committee on Budgetary Oversight: Economic and Fiscal Position: Nevin Economic Research Institute (6 Sep 2016)

Pearse Doherty: I am not sure if this was done before the CSO revision.

Committee on Budgetary Oversight: Economic and Fiscal Position: Nevin Economic Research Institute (6 Sep 2016)

Pearse Doherty: Therefore, the CSO revision is likely to increase that figure because there will be a bigger output next year.

Committee on Budgetary Oversight: Economic and Fiscal Position: Nevin Economic Research Institute (6 Sep 2016)

Pearse Doherty: It makes a nonsense of everything.

Committee on Budgetary Oversight: Economic and Fiscal Position: Nevin Economic Research Institute (6 Sep 2016)

Pearse Doherty: It is unlikely that these measurements are going to last the test of time. Indeed, I imagine that the rules we are governed by now will not be in existence in five years' time. I ask Dr. McDonnell to share his own opinion on that, taking into account the documentation, the overheating of the economy and the calculation of the structural deficit.

Committee on Budgetary Oversight: Economic and Fiscal Position: Nevin Economic Research Institute (6 Sep 2016)

Pearse Doherty: This is my final question. We have talked a lot about the expenditure benchmark but there is also another rule that governs us on the fiscal rules. That is the structural improvement rule that requires us to have a structural improvement rate of 0.6%. The latest projections by the Department that were published before the summer showed that we were not actually going to meet that target....

Finance (Certain European Union and Intergovernmental Obligations) Bill 2016: Report and Final Stages (21 Jul 2016)

Pearse Doherty: I move amendment No. 4:In page 4, line 13, to delete "Minister" and substitute "Oireachtas, or the Minister as per Article 28.11 2° of the Constitution".

Finance (Certain European Union and Intergovernmental Obligations) Bill 2016: Report and Final Stages (21 Jul 2016)

Pearse Doherty: As the Minister of State said, these amendments further strengthen the amendment I proposed to the Bill on Committee Stage.

Finance (Certain European Union and Intergovernmental Obligations) Bill 2016: Report and Final Stages (21 Jul 2016)

Pearse Doherty: There is nothing the Minister of State has said either here or on Committee Stage that convinces me otherwise. In a way, amendments Nos. 3 and 4 are similar but different at the same time. The Minister of State made a point and I imagine he will respond to Deputy Murphy on the question he posed in terms of the Dáil and Seanad being dissolved at the same time. The Minister of State has...

Finance (Certain European Union and Intergovernmental Obligations) Bill 2016: Report and Final Stages (21 Jul 2016)

Pearse Doherty: I move amendment No. 1:In page 4, line 11, to delete “behalf.” and substitute the following:“behalf, unless otherwise stated in this Act and in so far only as any of these powers do not extend to additions, changes or deletions to the Schedule without consent of the Oireachtas.”. As the Minister of State is aware, I tabled the only four amendments that were before...

Finance (Certain European Union and Intergovernmental Obligations) Bill 2016: Report and Final Stages (21 Jul 2016)

Pearse Doherty: Amendment No. 3 is similar to amendment No. 4, which I have tabled and which is a variation of the amendment I put forward on Committee Stage. Obviously, the change is in regard to the lengthy discussion in committee where the Minister of State raised the issue of a situation where there was an election and the House was not sitting. That is why the amendment now reflects that it should be...

Questions on Proposed Legislation (21 Jul 2016)

Pearse Doherty: In the past, we discussed matters relating to section 110 companies and the use or misuse of them by charitable trusts. In light of the GDP figures, what will the Government do in respect of the facilities it has enabled within the tax code? An example is the use of section 110 companies by aircraft leasing firms, which means they are tax-neutral. The Tánaiste knows that the GDP...

Leaders' Questions (21 Jul 2016)

Pearse Doherty: Not on Leaders' Questions.

Leaders' Questions (21 Jul 2016)

Pearse Doherty: It only applies to the Order of Business.

Leaders' Questions (21 Jul 2016)

Pearse Doherty: Do we have a new leader?

Written Answers — Department of Finance: Housing Loans (21 Jul 2016)

Pearse Doherty: 96. To ask the Minister for Finance the date on which the last life loan products were issued here; if his Department or the Central Bank has ever reviewed the legality of these loans; and if he will make a statement on the matter. [23595/16]

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