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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)

Rose Conway-Walsh: We need a place for people to go and talk to a person who can solve issues and be consistent.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)

Rose Conway-Walsh: Yes. I will leave my questions at that. We would appreciate the updated information and I will supply the tables.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Issues: Central Bank (20 Sep 2023)

Rose Conway-Walsh: We want that table updated because it is really important that we have up-to-date and accurate information on this. I want to move to the vulture fund situation and to try to clarify where we are in terms of where people are at. At the end of March, more than 80,000 mortgage loans were held by the vulture funds. More than 70,000 of those mortgage holders were on tracker mortgages or...

Written Answers — Department of Public Expenditure and Reform: Public Sector Pensions (20 Sep 2023)

Rose Conway-Walsh: 205. To ask the Minister for Public Expenditure and Reform when he will provide the necessary Ministerial approval to increase pensions and deferred pensions for members of the An Post superannuation scheme; and if he will make a statement on the matter. [39983/23]

Written Answers — Department of Public Expenditure and Reform: Office of Public Works (20 Sep 2023)

Rose Conway-Walsh: 188. To ask the Minister for Public Expenditure and Reform to provide the total office rental expenditure each year for the OPW since 2006; and if he will make a statement on the matter. [39571/23]

Written Answers — Department of Education and Skills: Capitation Grants (20 Sep 2023)

Rose Conway-Walsh: 334. To ask the Minister for Education and Skills if any increase in the capitation grants to primary and/or post-primary is contained in the expenditure base or existing levels of service; and if she will make a statement on the matter. [40167/23]

Written Answers — Department of Education and Skills: School Textbooks (20 Sep 2023)

Rose Conway-Walsh: 367. To ask the Minister for Education and Skills the first- and full-year cost of extending the free schoolbooks scheme to all pupils in public post-primary schools, assuming a grant rate of €192, €200 and €220 respectively, for each student in an eligible year. [40428/23]

Written Answers — Department of Education and Skills: School Transport (20 Sep 2023)

Rose Conway-Walsh: 368. To ask the Minister for Education and Skills the number of students that avail of the school transport each year; and the number of students that avail of the SEN school transport scheme. [40429/23]

Written Answers — Department of Agriculture, Food and the Marine: Tillage Sector (20 Sep 2023)

Rose Conway-Walsh: 790. To ask the Minister for Agriculture, Food and the Marine the estimated cost of increasing the grant ceiling for the tillage capital investment scheme to €150,000; and the current annual cost of the scheme with existing ceiling levels. [40645/23]

Written Answers — Department of Health: Primary Care Centres (20 Sep 2023)

Rose Conway-Walsh: 882. To ask the Minister for Health for an update on the planned Ballyhaunis primary care centre, Ballyhaunis, County Mayo, which had a scheduled operational date of Q4 2021; and if he will make a statement on the matter. [39510/23]

Committee on Budgetary Oversight: Pre-Budget Engagement: Central Bank of Ireland and ESRI (19 Sep 2023)

Rose Conway-Walsh: I thank Dr. Kelly for his opening statement. I want to begin by focusing on the inflation outlook, its causes and its impact. The quarterly bulletin provides an inflation estimate of 5.4% for this year, 3.2% for next year and 2.3% in 2025. In his opening statement Dr. Kelly said that domestic factors, specifically the interplay between profit margins and wage pressures resulting from...

Committee on Budgetary Oversight: Pre-Budget Engagement: Central Bank of Ireland and ESRI (19 Sep 2023)

Rose Conway-Walsh: I think it is a bit more than a timing issue, given we see these huge profits. Even looking at the banks alone, they are projected to get something like €5 billion in profits for the next year. It is very hard for people who are experiencing that shock in their own households to see that we seem to excuse away that shock. While I have limited time to talk about this, it is very...

Committee on Budgetary Oversight: Pre-Budget Engagement: Central Bank of Ireland and ESRI (19 Sep 2023)

Rose Conway-Walsh: Does the Central Bank have information or transparency on the hedging strategies of these companies?

Committee on Budgetary Oversight: Pre-Budget Engagement: Central Bank of Ireland and ESRI (19 Sep 2023)

Rose Conway-Walsh: Does anybody other than the companies themselves have sight of their hedging strategies?

Committee on Budgetary Oversight: Pre-Budget Engagement: Central Bank of Ireland and ESRI (19 Sep 2023)

Rose Conway-Walsh: I want to ask about monetary policy. We know there has been an aggressive tightening of monetary policy since July of last year, with the ECB increasing its key interest rate from 0% to 4.5%. I note that the opening statement referred to monetary policy working through multiple channels and the overall impact being seen with a considerable lag. Will Dr. Kelly outline to the committee what...

Committee on Budgetary Oversight: Pre-Budget Engagement: Central Bank of Ireland and ESRI (19 Sep 2023)

Rose Conway-Walsh: That gives rise to more questions, but I thank the Chair.

Committee on Budgetary Oversight: Pre-Budget Engagement: Central Bank of Ireland and ESRI (19 Sep 2023)

Rose Conway-Walsh: I have two main questions, one of which is on public investment in the context of the budget. In its bulletin, the Central Bank projects housing completions to be 29,000 next year and 30,000 in 2025. That compares with targets of 33,450 next year and 34,600 in 2025 under the Government's housing plan, and we know that these targets are well below what is required. Would the Central Bank...

Committee on Budgetary Oversight: Pre-Budget Engagement: Central Bank of Ireland and ESRI (19 Sep 2023)

Rose Conway-Walsh: I am trying to get at the drag of productivity and how concerned the Central Bank is about that in terms of our growth potential in the future and our productivity levels, because housing and productivity are so closely linked, particularly when we are at this stage of the crisis.

Committee on Budgetary Oversight: Pre-Budget Engagement: Central Bank of Ireland and ESRI (19 Sep 2023)

Rose Conway-Walsh: What does the Central Bank offer as a solution to that? It obviously is of concern to the Central Bank. What proposals would the Central Bank provide to address that situation?

Committee on Budgetary Oversight: Pre-Budget Engagement: Central Bank of Ireland and ESRI (19 Sep 2023)

Rose Conway-Walsh: Is that not the real dilemma for us? If we look at the published article, Managing the Public Finances in a Full-Employment Economy, we are trying to balance things. Dr. O'Brien has just given us the message from the Central Bank that we are not to spend any more and should tighten everything, yet we can see the threat to our competitiveness as well as the impact that has on immigration,...

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