Results 3,841-3,860 of 7,412 for speaker:Neasa Hourigan
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: I believe it can. Is that on the cards? I will ask that in a non-policy way. Is that something the officials have looked at?
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Okay. It seems we have not planned any allocations for 2024 or 2025, or at least I have no information on that. Is that something the Departments have planned and simply not released?
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Okay, but the estimated revenue is €18.5 billion, so one can imagine some of that would probably be making its way towards the reserve.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: I am sorry. This is from the Parliamentary Budget Office, PBO, numbers. The revenue windfall as outlined in the way we are outlining it for the previous allocations, if we were taking it the same way, is quite extensive so one would imagine some of that would end up in the reserve.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: I am not asking that. The Department has no rule in place at the moment. There was a rule of €500 million. This is why I am asking.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: My non-policy question is whether there is any intent to link the annual transfers to the estimates of the windfall. Have the officials done work on that?
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Okay, great. I thank Mr. McGann. The officials also did some work on whether we should have a national pension reserve fund.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: I know.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Which is major.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Wow.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: However, to do that you would have to split the fund, basically.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: I get that.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Yes.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Was there an exploration by the Departments of a retrofit fund, for example, or a greening fund? I am aware demographics put huge pressure on the economy but was there a version of this that answered the other pressures, including the major, long-term, existential pressures, that are on our economy?
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Okay, so it could be a fund for anything.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Okay, great. I would like to talk a little about uncertainty, which we have already mentioned a bit tonight. I was interested in the discussion of indexation just there because I am interested in it generally. Some of that discussion somewhat implied indexation locks you into a particular decision and of course in most countries that is not the case. It is about what Mr. McGann...
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Yes.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Ms Callaghan is saying we have not done quite the same amount of it in certain other areas.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: Okay.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Neasa Hourigan: We have done a number of universal once-off measures. Usually, when I am asked to defend that, I say it happens because we can get it to people quickly but we are almost a year into this process now. I am not sure that argument is going to run for much longer.