Results 4,281-4,300 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — National Debt: National Debt (17 Dec 2009)

Brian Lenihan Jnr: It is estimated that the national debt will be some €76 billion at end-2009. The main factor in the projected increase in the national debt over the period 2010-2014 is the Exchequer Borrowing Requirement for each of these years. The Exchequer Borrowing Requirement for the years to 2014, as outlined in Table 10 on page C.20 of Budget 2010, is set out in Table 1 below. Based on these...

Written Answers — Budgetary Policy: Budgetary Policy (17 Dec 2009)

Brian Lenihan Jnr: Expenditure receipts, or Appropriations-in-Aid, are Departmental receipts which, with the approval of the Dáil, may be retained by a Department or Office to offset expenses instead of being paid into the Exchequer Account of the Central Fund. Departmental Balances, included in the figures for 2009 and 2010, are those amounts issued from the Exchequer Account of the Central Fund for...

Written Answers — Budgetary Policy: Budgetary Policy (17 Dec 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 66 to 68, inclusive, and 70 together. Table 10 of the Stability Programme Update – December 2009, published on Budget day, sets out the projections for the 2009-2014 period which underpin the budgetary arithmetic. The underlying economic forecasts that are consistent with these fiscal projections are set out in Table 4 of the Stability Programme Update. In...

Written Answers — Budgetary Policy: Budgetary Policy (17 Dec 2009)

Brian Lenihan Jnr: Expenditure receipts, or Appropriations-in Aid, are Departmental receipts which, with the approval of the Dail, may be retained by a Department or Office to offset expenses instead of being paid into the Exchequer Account of the Central Fund. The forecast of capital receipts set out in Table 10 is based on figures provided by Departments in respect of their Votes. The bulk of capital...

Written Answers — Tax Yield: Tax Yield (17 Dec 2009)

Brian Lenihan Jnr: The Income Levy is collected by the Revenue Commissioners as a component of Income Tax. In Budget 2010, it was forecast that income tax receipts of €11,530 million would be collected in 2010. The precise breakdown of this target between the individual components of Income Tax will be finalised in the context of preparing the monthly profiles by tax-head. As is customary, the monthly...

Written Answers — Tax Code: Tax Code (17 Dec 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 72 to 74, inclusive, together. I am informed by the Revenue Commissioners that the full year yields to the Exchequer, estimated by reference to 2010 incomes, of applying an increase of 1% to each of the current income levy rates of 2%, 4%, and 6% would be approximately €596 million, €48 million, and €43 million respectively. The corresponding yields in...

Written Answers — Tax Code: Tax Code (17 Dec 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 75 and 76 together. I am informed by the Revenue Commissioners that the full year yield to the Exchequer from applying a 1% change to the 4% health levy rate on incomes up to €75,036 and a 1% change to the 5% health levy rate on incomes over €75,036 is estimated at €462 million and €90 million respectively. The corresponding yield in 2010 would be of...

Written Answers — Departmental Expenditure: Departmental Expenditure (17 Dec 2009)

Brian Lenihan Jnr: I wish to inform the Deputy that the programme changes to achieve the savings indicated in the Budget will be made across the range of business programmes, while priority will be given to supporting front line and customer services. The allocations set out in the Budget Estimates will be elaborated upon in due course in the Revised Estimates Volume and the outputs to be achieved with those...

Written Answers — Departmental Bodies: Departmental Bodies (17 Dec 2009)

Brian Lenihan Jnr: The pension-related deduction applies to those bodies defined as a 'public service body' in the Financial Emergency Measures in the Public Interest Act 2009. The bodies to which the definition of 'public service body' does not apply are set out in the Schedule to that Act and are listed hereunder. The pension-related deduction does not apply to these organisations. I regret I do not have...

Written Answers — Departmental Bodies: Departmental Bodies (17 Dec 2009)

Brian Lenihan Jnr: The public service bodies whose employees are not subject to the public service pay reduction under the Financial Emergency Measures in the Public Interest (No. 2) Bill 2009 are stated in the Schedule to that Bill which passed all Stages in the Dail yesterday. The list is attached below. I do not have the details sought by the Deputy in relation to the number of employees working for each...

Written Answers — Tax Yield: Tax Yield (17 Dec 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the exact information sought for income tax on a county basis is not available. However, Revenue sheriffs, county registrars or their officers operate for the purposes of enforcement of tax debt within certain geographical boundaries known as a "bailiwick" which equates geographically with "county". Data on the net receipts of some taxes can be...

Written Answers — Tax Code: Tax Code (17 Dec 2009)

Brian Lenihan Jnr: The position is that a married one income couple benefit from a standard rate band of €45,400 which is €9,000 higher than the single rate band. They also have the benefit of the married person's credit in the amount of €3,660, which is double the single credit. Where the stay-at-home spouse in a married one earner couple cares for a dependent person, e.g. their child or an elderly...

Written Answers — Departmental Agencies: Departmental Agencies (17 Dec 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 83 to 86, inclusive, together. The information requested by the Deputy in respect of bodies under the aegis of my Department is outlined in the table. Name of body Comment National Treasury Management Agency The National Treasury Management Agency has a role in the collection of payments.Five staff are involved in:· Collecting commitment fees due from...

Written Answers — Bank Closures: Bank Closures (17 Dec 2009)

Brian Lenihan Jnr: While I regret the closure of any bank branches the Deputy will no doubt appreciate that the provision of services by banks, including the location of branches, is a commercial decision for the banks. The Deputy might wish to note that there is a provision in the Financial Regulators Consumer Protection Code which imposes certain obligations on banks who have decided to close or move a branch...

Written Answers — Tax Code: Tax Code (17 Dec 2009)

Brian Lenihan Jnr: The recommendation for the immediate abolition of Stamp Duty in current economic conditions would see Exchequer receipts fall even further, at a time when it is vital to preserve resources. While the correspondence forwarded by the Deputy relates to Stamp Duty, it relates primarily to Stamp Duty on property. It is estimated that Stamp Duty net receipts for 2009 will be in the region of...

Written Answers — Pension Provisions: Pension Provisions (17 Dec 2009)

Brian Lenihan Jnr: Further to Parliamentary Question No. 111 of 9 December 2009, the following tables below set out the value to the 25 individuals concerned of the award of notional service in terms of additional pension (annual cost) and lump sum (once-off cost). As the numbers involved are small in each year any further breakdown by job title, date or grade as requested would not be appropriate. However, I...

Written Answers — Tax Code: Tax Code (17 Dec 2009)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners a carbon tax at a rate of €15 per tonne should impact on the price of the goods highlighted by the Deputy as set out in the table below. It should be noted that a carbon tax came into effect on 10 December 2009 in respect of petrol and auto-diesel. The carbon tax on heating products will come into effect from 1 May 2010, and solid fuels by...

Written Answers — Departmental Expenditure: Departmental Expenditure (17 Dec 2009)

Brian Lenihan Jnr: The Government decided, in February of this year, as part of a reallocation of funds across Departments to make an additional €75 million available for labour intensive investment in home insulation and energy efficiency measures. €36.5 million of this additional funding was allocated to the two insulation schemes operated under the Department of Communications, Energy and Natural...

Written Answers — Tax Code: Tax Code (17 Dec 2009)

Brian Lenihan Jnr: As I announced in my Budget, mortgage interest tax relief will be extended until 2017 for those who took out a qualifying home loan in 2004 or after. Tax relief at current rates for the first seven years will be available for qualifying loans taken out up to 1 July 2011 and at a reduced level once the seven years is complete, until 2017. Transitional tax relief, also at a reduced level,...

Written Answers — Tax Code: Tax Code (16 Dec 2009)

Brian Lenihan Jnr: The Finance (No.2) Act 2008 confirmed the introduction of an air travel tax from 30 March 2009. However, I took account of concerns raised by the regional airports particularly those on the western seaboard. The lower rate of €2 applies to departures from any Irish airport where the destination is 300kms or less from Dublin airport. This means that all Irish departures to locations such as...