Results 22,801-22,820 of 26,086 for speaker:Kieran O'Donnell

Public Accounts Committee: Enterprise Ireland - Annual Report and Financial Statement 2011 (31 Jan 2013)

Kieran O'Donnell: Does Mr. Ryan expect the aviation fund of €400,000 to be launched at the end of the second quarter of this year?

Public Accounts Committee: Enterprise Ireland - Annual Report and Financial Statement 2011 (31 Jan 2013)

Kieran O'Donnell: I thank Mr. Ryan.

Public Accounts Committee: Enterprise Ireland - Annual Report and Financial Statement 2011 (31 Jan 2013)

Kieran O'Donnell: I apologise for not being present earlier. I welcome the witnesses and have a number of quick questions. I am looking at the breakdown by region for 2011 and as a Deputy for Limerick city, I am interested in the figures for the mid-west. Some 507 jobs were created, while 590 were lost, giving a net loss of 83. Is there a policy on regional distribution in job creation? Will Mr. Ryan...

Public Accounts Committee: Enterprise Ireland - Annual Report and Financial Statement 2011 (31 Jan 2013)

Kieran O'Donnell: In other words, there was a net gain of 184 jobs.

Public Accounts Committee: Enterprise Ireland - Annual Report and Financial Statement 2011 (31 Jan 2013)

Kieran O'Donnell: What was the breakdown between gains and losses?

Public Accounts Committee: Enterprise Ireland - Annual Report and Financial Statement 2011 (31 Jan 2013)

Kieran O'Donnell: What are the projections for Limerick and the mid-west for 2013?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: Mr. Corrigan has made this point previously, but it is not really reflective of the situation in Ireland. What does he believe it will take for the credit rating agencies to move Ireland up the ladder? Fitch recently raised our rating to stable. Will Mr. Corrigan refer to the promissory note and set out what it will take to ensure the price of Irish bonds reflects the reality on the ground?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: I want to get Mr. Corrigan's honest view.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: Does Mr. Corrigan anticipate that Irish bond yields will continue to reduce in the next six months?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: That has been lost in the discussion. This is about the absolute rate. While the spread would be very important if German rates were reasonably high and ours were higher again, it is not the key measure in circumstances in which German rates are virtually zero.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: I turn to the promissory note and the spreading of repayment terms and a bullet payment at the end. There will be an extended repayment period and a reduction in interest rates. In the context of the budget, we have of the order of €1.9 billion in promissory note interest charges. While that figure will go down slightly in the next two years, one is still talking about €5.5...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: I welcome Mr. Corrigan, Mr. Whelan and Mr. Murphy. I refer to the issue of the fiscal cliff. The three components of debt sustainability are the level of the debt, the interest rate and the repayment terms. I will take up the point made by Deputy McGrath about the fiscal cliff. The requirement is to have six months' funding on hand at all times. If €7.5 billion were to be raised...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: Is it €5.3 billion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: What is the situation for 2017?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: What is the situation for 2018?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: What would have been the typical profile for the period from 2002 to 2008? What was the normal profile of the NTMA's financing requirements?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: There was a mention of a requirement of €12 billion at the start of 2014. How does that relate to the €7.7 billion in 2014? I think I am correct in saying that there is a €12 billion fiscal cliff in January 2014.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: Is that the total repayment in 2014 - €12 billion plus €7 billion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: The profile for the years 2014 and 2015 shows us reducing the budget deficit. There are issues with regard to 2016 and, in particular, 2018. Those two years stand out. Is it correct to say that the NTMA has reasonably heavy financial requirements for 2014 to 2018?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of Economy and Funding Requirements: Discussion with NTMA (24 Jan 2013)

Kieran O'Donnell: The question of extending the repayment terms is quite significant. I ask Mr. Corrigan to expand on his reply to Deputy McGrath's question. What parameters were considered by the NTMA in making the judgment about the billions of euro in savings?