Results 4,221-4,240 of 33,118 for speaker:Paschal Donohoe

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.

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

Paschal Donohoe: Our estimate is based on the modelling we have done with the Department of the Environment, Climate and Communications and the information it has supplied to us regarding average energy usage. That has given us guidance that gets us to the €1.2 billion figure.

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

Paschal Donohoe: If unit costs go through the roof, the Deputy's plan means the State would be liable for all the ballooning costs beyond his cap. In this scheme, however, it is capped at €10,000. That is the difference.

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

Paschal Donohoe: There is a design difference. Let us say-----

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

Paschal Donohoe: Let me finish the point. The design difference is that in the Deputy's scheme, which is for households rather than businesses-----

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

Paschal Donohoe: -----in a scenario whereby costs balloon, the exposure to the State is open-ended. In this scenario, if we are in an environment where costs increase by far higher than we expect, at least this scheme is capped at €10,000 or €30,000 per participant. That is the difference.

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

Paschal Donohoe: The Deputy cannot make that judgment.

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

Paschal Donohoe: No.

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

Paschal Donohoe: I completely disagree with the Deputy.

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

Paschal Donohoe: I completely disagree with the Deputy. In all the different charges or debates I have had, I have rarely used the approach of playing the man with the Deputy. I rarely made accusations about a person. I frequently and regularly, on a daily basis, make charges around the party and not about people. The latter is an approach I rarely used in my time debating with the Deputy or anybody in...

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

Paschal Donohoe: No. That is the difference.

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

Paschal Donohoe: I disagree with the Deputy.

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

Paschal Donohoe: I disagree with the point made regarding the differing designs of the schemes. The fundamental difference between this scheme and the one the Deputy is putting forward is that this has a maximum cap, in cash terms, that a participant can draw down, in this case, a business. In the Deputy's scheme, the maximum cash amount is not there for a household. Does he accept that design difference?

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

Paschal Donohoe: As a result of that, if there is the absence of a cash cap in the Deputy's scheme, the open-ended cost is therefore greater. That is the design difference.

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

Paschal Donohoe: I accept it is theoretically possible-----