Results 25,441-25,460 of 26,148 for speaker:Kieran O'Donnell
- Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (6 Nov 2008)
Kieran O'Donnell: Question 58: To ask the Minister for Finance if he will report on the measures being taken under the credit institutions financial support scheme to ensure the capital adequacy and solvency of the banks involved; and if he will make a statement on the matter. [38849/08]
- Budgetary Forecasts. (6 Nov 2008)
Kieran O'Donnell: Question 3: To ask the Minister for Finance if he is satisfied that the forecasts in the Budget Statement 2009 on which he has based his projections of taxation and borrowing are robust; and if he will make a statement on the matter. [39082/08]
- Budgetary Forecasts. (6 Nov 2008)
Kieran O'Donnell: The assumptions on which the Minister has based the budget do not correspond with the observations of several economic commentators, including some Government bodies such as FÃS and the ESRI. The Department is projecting a 1% increase in tax receipts However, although it projected an increase of 3% last year, a decrease of approximately 10% was experienced. Several economic commentators...
- Budgetary Forecasts. (6 Nov 2008)
Kieran O'Donnell: This does not appear to be robust. Second, the Minister should comment on the unemployment rate. Although the Government is predicting a rate of 7.3%, other economic commentators are predicting a rate of 8%. As the Government may have overestimated tax receipts by â¬5 billion, will the Minister introduce a supplementary budget as a matter of urgency, rather than introducing stealth taxes...
- Budgetary Forecasts. (6 Nov 2008)
Kieran O'Donnell: The Minister's figures do not add up. He believes he will have a fall in growth of 1% but various economic commentators indicate it will be 3%. How will the Minister meet the requirements of the European Commission in terms of general Government balance as a percentage of GDP? Economic commentators say that will be of the order of 8% or 9% and the Minister's figure is 5.5%. Does he not...
- Budgetary Forecasts. (6 Nov 2008)
Kieran O'Donnell: How can the Minister justify a 1% increase in tax receipts?
- Budgetary Forecasts. (6 Nov 2008)
Kieran O'Donnell: Does the Minister expect to have a 1% increase in taxes?
- Public Sector Pay. (6 Nov 2008)
Kieran O'Donnell: That is 40% of the Exchequer balance.
- Public Sector Pay. (6 Nov 2008)
Kieran O'Donnell: Does the Minister want a calculator?
- Government Borrowing. (6 Nov 2008)
Kieran O'Donnell: Question 5: To ask the Minister for Finance if he has received an analysis of the reason Irish debt costs are rising relative to those of other states. [39084/08]
- Government Borrowing. (6 Nov 2008)
Kieran O'Donnell: Does the Minister agree he must borrow â¬18.4 billion to balance the public finances in the coming year? Since the Government's guarantee scheme for the banks was introduced in September, the cost of Government borrowing increased by 0.6%. The borrowing of â¬18.4 billion will therefore give rise to an additional cost of â¬91 million in interest payments. The Minister has devalued the...
- Government Borrowing. (6 Nov 2008)
Kieran O'Donnell: No.
- Government Borrowing. (6 Nov 2008)
Kieran O'Donnell: Tax was never deemed to be an expenditure item. The Minister should get his facts correct.
- Government Borrowing. (6 Nov 2008)
Kieran O'Donnell: Our credit worthiness is on a scale with that of Italy, which has consistently experienced difficulties with general Government bonds over many years. On the spread the Minster referred to, the figure is 1.2% higher in Germany than in Ireland. How does the Minister explain the 0.6% increase in the cost of borrowing to the Irish Government since the introduction of the bank guarantee scheme?...
- Government Borrowing. (6 Nov 2008)
Kieran O'Donnell: At a cost.
- Government Borrowing. (6 Nov 2008)
Kieran O'Donnell: It will cost â¬49 million extra.
- Government Borrowing. (6 Nov 2008)
Kieran O'Donnell: Will the Minister explain the reason for the increase?
- Pension Provisions. (6 Nov 2008)
Kieran O'Donnell: May we assume from the Minister's comments that the funds from these pension schemes will be placed in the National Pension Reserve Fund? If that is the case, will they be used on budget day as an adjusting item for the general Government balance?
- Pension Provisions. (6 Nov 2008)
Kieran O'Donnell: Will they be dealt with as a non-adjusting item?
- Financial Institutions Support Scheme. (6 Nov 2008)
Kieran O'Donnell: The ECB is dropping its interest rate. The Government, on behalf of the taxpayers, has given a gilt-edged scheme to the banks. Can the Minister ensure, through the scheme, that banks pass on the reduction in the interest rate to hard-pressed consumers?