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Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: The Parliamentary Counsel got it wrong in the referendum campaign on children's rights. There was a contradiction in one of provisions, as I pointed out.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: For instance, warships.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: They could be blown up in six weeks.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: Use it or lose it.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: I like the idea of a three-year, rolling forward period. It is really an expression in advance for years 2 and 3 of the three-year period of budget expenditure and approval - outline expenditure and outline approval. Could it be that in the case of changed circumstances, the Government might find itself on the back foot and encounter difficulties in revisiting year 2, which becomes year 1...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: The positioning of it in terms of the understanding of the greater public will be important. They might see it as being a declaration of intent at certain levels for year 2 and that an adverse event outside the economy forced it back.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: Could you put a cap on it? Through the Chair-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: I am verbally dyslexic.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: Through the Chair, could the Minister put a cap on it, a backstop date? He could say, "immediately but in any event, not later than".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: Through the Chair, that is what parents often said to children when they were asking for more pocket money, "as soon as may be".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: The amount of borrowing also includes the interest cost on borrowing. How much of the approximately €200 billion is on floating rates?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: I will write that down. It is important. If it is 4%, for example-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: Yes, I know. It is a question of whether it has to be voted on, or which drawer it goes into.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: The second thing is-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: We are talking about two sides of the same coin.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: Yes. Bond rates are rising at the moment, which means borrowing will become more difficult.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: Some €1 trillion is pencilled in across the eurozone and the American system for falls in bank balance sheets.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Ministers and Secretaries (Amendment) Bill 2012: Committee Stage (26 Jun 2013)

Peter Mathews: I always bring the bad news to the committee.

Protection of Life During Pregnancy Bill 2013: Second Stage (Resumed) (26 Jun 2013)

Peter Mathews: Hear, hear.

Written Answers — Department of Social Protection: Invalidity Pension Appeals (25 Jun 2013)

Peter Mathews: 362. To ask the Minister for Social Protection when an decision will issue on an appeal for invalidity pension in respect of a person (details supplied) in Dublin 16; and if she will make a statement on the matter. [30171/13]

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