Results 3,521-3,540 of 32,432 for speaker:Paschal Donohoe

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: As always when addressing this issue I want to begin by acknowledging the massive problems that have been caused to many homeowners the length and breadth of our country. While I have not had the opportunity to be in the homes of those who have been affected by mica, and who have seen their homes crumble in front of their eyes, I have met homeowners. I engaged with them in the run-up to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: Before I go into the amendments, I want to signal to the committee that I will be bringing forward a number of amendments on Report Stage. I have indicated some of them along the way but to give a complete record, I will bring forward an amendment in regard to section 3, which deals with incorrect birth registrations; an amendment with regard to help to buy; an amendment with respect to the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: I move amendment No. 86: In page 189, to delete lines 37 to 43 and substitute the following: “(2)(a) Where the Minister for Finance makes a determination of the kind lastly referred to in subsection (1)(e), the Minister for Finance shall, as he or she deems fit and necessary- (i) make an order providing that the day referred to in the definition of “specified...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: We are going to take them all together.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: I have spoken on all of the Government amendments. I have not yet spoken on the Opposition amendments.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: The scenario on my mind relates to a company that is a big employer in Ireland and that may be part of a global multinational company. Because of the change in energy prices in Ireland, it may become less profitable than it has been but it is still being profitable and, because of this, it runs the risk of affecting jobs in Ireland. That could happen. A company could be profitable but...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: To respond to Deputy Doherty's points, we aim to release data similar to those released every month in respect of the employment wage subsidy scheme in respect of the operation of TBESS. We will try to provide information to the Oireachtas and the public about how this scheme is operating, what it is costing and any information we are able to extract from the data that is of help in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: Yes, but they are different. It is possible that in Deputy Matthews's scenario, Deputy Doherty is right. If the cost of Deputy Matthews's bill has gone up by a smaller amount than that of a peer company - the actual value of the bill has gone up by a smaller amount than that of the company beside him - as long as the unit cost has gone up by 50%, that is what will determine whether the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: You are not if your unit price has gone up. They are different things for the purpose of the policy.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: We expect it will cost up to €1.2 billion.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: From information that was shared with us by the Department of the Environment, Climate and Communications. We have developed a number of scenarios on what the cost will be and our view is that the upper end of that cost is €1.2 billion. However, it is very difficult to be clear and certain on this. It is the best estimate available to us but it is a figure we will have to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: We do not have the unit price information with us but I will get it and share it with the Deputy. The key feature in this scheme versus the cap argument we had earlier is the presence of a cap; that is the key design feature. The reason I can say we are making efforts to contain the cost is that we have a cap per individual premises on this. That is the key difference between this scheme...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: Where is the Deputy getting the €4 billion figure from?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: The cap is €10,000.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: It will run for six months.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: That depends on what their energy usage will be.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: But we do not expect-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (16 Nov 2022)

Paschal Donohoe: We do not expect that the average energy use or average access to the scheme will be near the cap.