Results 23,621-23,640 of 33,392 for speaker:Paschal Donohoe

Committee on Budgetary Oversight: Summer Economic Statement: Discussion. (20 Jul 2017)

Paschal Donohoe: If the answer to that question was "Yes", I would have to say that it will not deliver its expenditure ceiling for this year. I have said already that with the information that is currently available I expect the Department of Health will be inside or on its expenditure ceiling. If that were to change for any reason, and I do not wish it to change and do not believe it will, I would have to...

Committee on Budgetary Oversight: Summer Economic Statement: Discussion. (20 Jul 2017)

Paschal Donohoe: Yes.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion. (20 Jul 2017)

Paschal Donohoe: That is why I said the second Tuesday.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion. (20 Jul 2017)

Paschal Donohoe: I have just been reminded that that is subject to Government decision, but it has been the second Tuesday in the past and I expect it to be the second Tuesday again.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion. (20 Jul 2017)

Paschal Donohoe: As to whether the abolition of water charging will have an effect on future capital expenditure on water, the Oireachtas committee report on this matter - I cannot remember the exact wording - acknowledged that Irish Water would move onto the balance sheet of the Government and that we should look to prioritise and-----

Committee on Budgetary Oversight: Summer Economic Statement: Discussion. (20 Jul 2017)

Paschal Donohoe: That Irish Water is now on the balance sheet of the Government and will be funded out of general taxation means that funding for water infrastructure will have to meet the same criteria and needs as apply when I evaluate whether we will put money into housing or education. That is what funding it out of general taxation looks like.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion. (20 Jul 2017)

Paschal Donohoe: My point still stands.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion. (20 Jul 2017)

Paschal Donohoe: To use the phrase yet again, if the Deputy wants it to be paid for out of general taxation, as most of it will be, and funded directly by the State, which will now happen as a result of the decision made by the Oireachtas, the consequences to which I referred will now happen. We have to make choices about how we are going to do this. I am going to stay within the resolution passed by the...

Committee on Budgetary Oversight: Summer Economic Statement: Discussion. (20 Jul 2017)

Paschal Donohoe: The recommendation made by the Low Pay Commission on the minimum wage was both fair and correct. Last year the commission took into account the impact of Brexit on particular Border counties and this was one the factors that led to its recommendation. The Government accepts the recommendation, which strikes a balance in terms of trying to rebuild the living standards of people whose wages...

Committee on Budgetary Oversight: Summer Economic Statement: Discussion. (20 Jul 2017)

Paschal Donohoe: We have stated this is an objective that we want to fulfil. Deputy Boyd Barrett asked about the VAT rate, and my response was that I could not answer the question now because I have to make the announcement on budget day. The same applies to what we will do about the earned income tax credit. What the then Minister, Deputy Noonan, said was that over time he wanted to rebuild it so that it...

Court Funds Administration Bill 2017: First Stage (13 Jul 2017)

Paschal Donohoe: No.

Summer Economic Statement 2017: Statements (13 Jul 2017)

Paschal Donohoe: I thought the Acting Chairman was going to make particular reference to Deputies from his own constituency for a moment there, given his generosity earlier. I also thank all colleagues who have contributed to this debate and who have offered their thoughts on the summer economic statement. I will respond to different points that were offered, but I will start by making the point that a...

Summer Economic Statement 2017: Statements (13 Jul 2017)

Paschal Donohoe: It is important that the fruits of economic recovery are spread as evenly as possible and while the short-term economic prospects are positive, a continuation of robust growth can never be taken for granted. We must not lose sight of both our risks and opportunities and the budgetary framework I have outlined aims to strike that balance.

Summer Economic Statement 2017: Statements (13 Jul 2017)

Paschal Donohoe: The Government published its annual summer economic statement yesterday. It outlines the broad parameters that will underpin discussions on our economic and fiscal policy over the medium term and the main pillars of this approach. It revolves around six key principles: ensuring sound and sustainable public finances; managing public expenditure carefully; targeted increases in investment; a...

Written Answers — Department of Finance: NAMA Portfolio (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 112 and 197 together. I currently have no plans to wind down the Agency prior to, or beyond, its current expected time frame. It is too early to speculate whether NAMA will have made sufficient progress on its three primary business lines - ongoing deleveraging; Dublin Docklands SDZ programme; residential...

Written Answers — Department of Finance: National Pensions Reserve Fund Investments (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 113 to 115, inclusive, together. The Ireland Strategic Investment Fund (ISIF) has advised me that the €450 million BlueBay SME Credit Fund has completed 27 loan transactions totalling approximately €369 million as at 31 March 2017. The €292 million Carlyle Cardinal Ireland (CCI) SME Equity Fund, has completed 7 transactions as...

Written Answers — Department of Finance: Tobacco Control Measures (13 Jul 2017)

Paschal Donohoe: I am informed by Revenue that the current price of the cheapest 30g pack of roll your own tobacco product is €14.50 and the current price of the cheapest pack of 20 cigarettes available on the retail market is €9.00. The European Union (Manufacture, Presentation and Sale of Tobacco and Related Products) Regulations 2016, made by my colleague the Minister for Health, require...

Written Answers — Department of Finance: Tax Exemptions (13 Jul 2017)

Paschal Donohoe: I propose to take Questions Nos. 117 and 118 together. I am advised by Revenue that the exemption from capital gains tax referred to by the Deputy applies to land and buildings acquired in the period commencing on 7 December 2011 and ending on 31 December 2014 which are held for a minimum period of seven years. Accordingly, the earliest date that properties acquired in the relevant...

Written Answers — Department of Finance: Tax Code (13 Jul 2017)

Paschal Donohoe: I presume the Deputy is referring to married couples where either one or both spouses are non resident and only one of the spouses has income chargeable to tax in this State. I am advised by Revenue that Section 461 of the Taxes Consolidated Act 1997 (the Act) provides that the married person’s tax credit is granted to an individual who is assessable to tax on the combined income...

Written Answers — Department of Finance: State Aid Investigations (13 Jul 2017)

Paschal Donohoe: In late 2015, a complaint was submitted to the Competition Directorate of the European Commission (DG Comp) by a small number of property developers - including some former NAMA debtors - alleging that there may be state aid implications to NAMA's providing financing for the development of commercially viable residential projects by some of NAMA's debtors and receivers. NAMA and...