Results 2,441-2,460 of 6,631 for speaker:Rose Conway-Walsh

Written Answers — Department of Public Expenditure and Reform: State Bodies (6 Jul 2023)

Rose Conway-Walsh: 201. To ask the Minister for Public Expenditure and Reform further to Parliamentary Question No. 55 of 28 June 2028, whether the Pension Authority is categorised as a non-commercial State agency; and if he will make a statement on the matter. [33397/23]

Written Answers — Department of Public Expenditure and Reform: State Bodies (6 Jul 2023)

Rose Conway-Walsh: 202. To ask the Minister for Public Expenditure and Reform further to Parliamentary Question No. 55 of 28 June 2028, whether the Office of Public Works is categorised as a non-commercial State agency; and if he will make a statement on the matter. [33398/23]

Ceisteanna - Questions: Cabinet Committees (5 Jul 2023)

Rose Conway-Walsh: The Taoiseach is not answering the questions.

Ceisteanna - Questions: Cabinet Committees (5 Jul 2023)

Rose Conway-Walsh: 6. To ask the Taoiseach when the Cabinet committee on housing will next meet. [32508/23]

Ceisteanna - Questions: Cabinet Committees (5 Jul 2023)

Rose Conway-Walsh: I again welcome Aaron. Yesterday, the Government finally published the defective concrete block scheme. Despite a clear promise the updated scheme would open by the end of 2022, it has taken the Government a full year to get the scheme up and running. I am still reviewing the details of the regulations but I am concerned it will still leave many people behind. Changes to the scheme will...

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: I thank Mr. McGann for his statement. I apologise that he was kept waiting for so long. In the future-proofing document, the Department stated, "In 2019, the Government established the National Reserve Fund; the objective was to provide sufficient funds to mobilise counter-cyclical fiscal support in the event of a severe economic downturn." Does the National Reserve Fund face any...

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: What I am trying to get at is whether, in the event of an economic slowdown and a drop in tax revenue, this €6 billion could be used to fund Government spending to avoid budget cuts or borrowing from the international markets. Or does it have to be for-----

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: We could find ourselves in a situation where we have €6 billion or more in a fund but would not be able to access it as an alternative we would have to borrow or-----

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: Any changes to that would have to be done by legislation.

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: It would, yes. The future-proofing document states there are numerous examples of advanced countries establishing sovereign wealth funds to build a fiscal buffer. Are there any international examples of states establishing reserve funds or other forms of fiscal buffers that are stored in the debt issued by the same state?

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: I am trying to get at how they are stored.

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: Just in other countries, are there are examples of how the sovereign wealth funds are stored?

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: Yes, and I have that part of it. The fund we have at the moment is held solely in Irish sovereign debt in the form of Exchequer notes, is that correct?

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: Were we to draw down the funding of any type from the National Reserve Fund, say in exceptional circumstances, would it require cashing in some or all of the Exchequer notes? Are they redeemed by the Irish State or is there a secondary market for those notes?

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: Okay.

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: In the context of the corporation tax increase from €11 billion to €22.5 billion, is there any correlation with productivity in the multinationals? Are measurements being done to explain why? In terms of pharmaceuticals, there was an increase during Covid-19 and all of that but do we have any measurements?

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: I thank Mr. McGann.

Committee on Budgetary Oversight: Sovereign Wealth Funds: Discussion (Resumed) (5 Jul 2023)

Rose Conway-Walsh: So, it has nothing to do with the OECD changes and the global taxation changes?