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Bretton Woods Agreements (Amendment) (No. 2) Bill 2011: Second Stage (15 Dec 2011)

Michael McGrath: In general, therefore, after this process has been completed we hope, based on current market conditions, that the interest rate being charged by the IMF will be below 4%.

Bretton Woods Agreements (Amendment) (No. 2) Bill 2011: Second Stage (15 Dec 2011)

Michael McGrath: The present rate is about 4.8% so it will reduce to approximately 3.8%, which is a very welcome improvement in the interest rate being charged by the IMF. I am sure that saving has been factored into the numbers for 2012 and 2013. This will come into effect in October 2012 so the impact in that year will only be marginal as it will only apply to a quarter of the year. Nonetheless, it will...

Bretton Woods Agreements (Amendment) (No. 2) Bill 2011: Second Stage (15 Dec 2011)

Michael McGrath: That is modest but it is welcome. It will be of greater benefit in 2013 when it will take full effect and brings the IMF interest rate down to a far more reasonable level. In that respect, the changes being made are welcome. Increasing Ireland's quota will have the effect of reducing the interest rate being charged. It would be remiss of us not to acknowledge the important role the IMF has...

Written Answers — Pension Provisions: Pension Provisions (14 Dec 2011)

Michael McGrath: Question 65: To ask the Minister for Finance his views on the extent to which private pension provision, particularly additional voluntary contributions, has been discouraged by the introduction of the pension fund levy; and if he will make a statement on the matter. [40231/11]

Written Answers — Tax Reliefs: Tax Reliefs (14 Dec 2011)

Michael McGrath: Question 74: To ask the Minister for Finance the amount of tax relief at source provided for each year since 2002; the expected cost of the scheme in 2012; the amount that would be saved if the average interest rate on qualifying mortgages was 0.5% less than projected; and if he will make a statement on the matter. [40228/11]

Written Answers — National Asset Management Agency: National Asset Management Agency (14 Dec 2011)

Michael McGrath: Question 75: To ask the Minister for Finance his views on the possibility of selling the National Asset Management Agency in the future; and if he will make a statement on the matter. [40229/11]

Written Answers — Illicit Trade in Tobacco: Illicit Trade in Tobacco (14 Dec 2011)

Michael McGrath: Question 76: To ask the Minister for Finance his estimate of the amount of revenue lost to the Exchequer annually through tobacco smuggling; the number of persons who were brought to court, convicted, imprisoned and fined for tobacco smuggling in 2010 and to date in 2011; the average fine for tobacco smuggling in each year; the extent to which the increased fines allowable for tobacco...

Written Answers — Tax Yield: Tax Yield (14 Dec 2011)

Michael McGrath: Question 77: To ask the Minister for Finance the basis of his calculation of a full-year yield of €670 million arising from the 2% increase in the standard rate of VAT; if his calculation takes account of any expected changes in consumer behaviour arising from the increase; the assumed change in the volume of sales as a result of the rate increase; and if he will make a statement on the...

Written Answers — Tax Collection: Tax Collection (14 Dec 2011)

Michael McGrath: Question 78: To ask the Minister for Finance if he will provide details of the proposed change to a cumulative basis for the collection of the universal social charge; the basis of his estimation of a €50 million yield from the measures in a full year; the way this change will impact on individual taxpayers; and the circumstances in which a person will end up paying more universal social...

Written Answers — Schools Building Projects: Schools Building Projects (14 Dec 2011)

Michael McGrath: Question 119: To ask the Minister for Education and Skills the position regarding an extension to a primary school (details supplied) in County Cork; and when construction work is expected to commence. [40282/11]

Written Answers — Social Welfare Appeals: Social Welfare Appeals (14 Dec 2011)

Michael McGrath: Question 145: To ask the Minister for Social Protection the position regarding a disability allowance appeal in respect of a person (details supplied) in County Cork. [40205/11]

Written Answers — Energy Conservation: Energy Conservation (14 Dec 2011)

Michael McGrath: Question 164: To ask the Minister for Communications, Energy and Natural Resources the reason grants under the better energy homes scheme were cut from 8 December 2011; his views that these reductions are inconsistent with supporting employment in the energy retrofitting area, the urgent need to tackle fuel poverty and reduce the nation's dependency on imported fossil fuels; and if he will...

Written Answers — Energy Conservation: Energy Conservation (14 Dec 2011)

Michael McGrath: Question 165: To ask the Minister for Communications, Energy and Natural Resources the number of applicants on waiting lists for the home energy saving scheme and the warmer homes scheme; and if he will make a statement on the matter. [40232/11]

Written Answers — Local Government Review Group: Local Government Review Group (14 Dec 2011)

Michael McGrath: Question 177: To ask the Minister for the Environment, Community and Local Government if he is satisfied with progress made on the implementation of the independent local government efficiency review group. [40234/11]

Written Answers — Health Insurance: Health Insurance (14 Dec 2011)

Michael McGrath: Question 280: To ask the Minister for Health the timeline for the injection of funds into the VHI and the potential impact on this arising from the proposed changes to the charging for public beds used by private patients in public hospitals. [40235/11]

Written Answers — Social Welfare Benefits: Social Welfare Benefits (13 Dec 2011)

Michael McGrath: Question 232: To ask the Minister for Social Protection the position regarding a back to school clothing and footwear payment to a person (details supplied) in County Cork. [39626/11]

Written Answers — Soláthar Caipitil: Soláthar Caipitil (13 Dec 2011)

Michael McGrath: Question 270: To ask the Minister for Arts, Heritage and the Gaeltacht his plans for the future of Irish Heritage Trust; and if he will make a statement on the matter. [39958/11]

Written Answers — State Banking Sector: State Banking Sector (8 Dec 2011)

Michael McGrath: Question 9: To ask the Minister for Finance if he will provide full details of all costs incurred, including details of any advisory or consultancy contracts entered into, in regard to a certain exercise by a bank (details supplied). [39303/11]

Social Welfare Bill 2011: Second Stage (8 Dec 2011)

Michael McGrath: The Deputy has a short memory.

Social Welfare Bill 2011: Second Stage (8 Dec 2011)

Michael McGrath: Will Deputy Durkan apologise for all the broken promises?

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