Results 4,361-4,380 of 26,842 for speaker:Richard Boyd Barrett
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: I thank everybody for all their great work on all the documents they produced around the budget. I know it is a huge job. I am glad to see the tax expenditures report as well, which is an area at which our committee is looking. I will ask a question about that in a minute. On the overall view of the budget, however, it was suggested that the overall impact of the budget is "strongly...
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: Is it fair to say, though, taking into account the projected level of inflation, particularly because a lot of the once-off measures will have an impact shortly, that, as we head into next year, after the bump people will get from the one-off measures, the ESRI's assessment will be correct, that is, that people will see income losses and that certain groups, particularly vulnerable ones, will...
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: On the point Deputy Mairéad Farrell brought up, may I try to elaborate on the question about the cost of the HAP, RAS and leasing schemes and the current expenditure threat, that is, the financial threat of the current expenditure between those schemes being €1 billion, with rents going up and, therefore, the potential for the payments under those schemes to go up? The point...
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: But financial projections-----
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: May I suggest that they are not and that they involve both Departments? It is very much a public expenditure concern if there is a very big area of current expenditure. Yes, it is absolutely the job of the Department of Housing, Local Government and Heritage to say, "Here is our plan for public housing, and our policy is to reduce slowly but surely the level of HAP, RAS and leasing payments...
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: At the moment, however, there are no particular projections of an incremental reduction over a period of years. The witnesses will know the way we project out expenditure over a five-year period or whatever. There are no projections as to how these payments, the nearly €1 billion going out now, will reduce, are there?
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: It would just be useful for us to know.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: From the point of view of expenditure of public funds, it would be quite useful to know that. I have made the point. On the tax expenditures, the tax expenditures report acknowledges that it does not cover all tax expenditures. I think it identifies €7.7 billion of tax expenditures as the ones it looked at, the large ones, the significant ones or whatever, but it does not include...
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: It is corporate tax.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: Sorry. I should have made that clear. It is corporate tax.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: It is just to signal that it would be good to get a response on that because it is huge. Without a shadow of a doubt, it revolves around the area of intellectual property and royalties from same, intangible assets and all that kind of stuff, which we know is the big area where profit shifting is going on. At the very least, it bears scrutiny and some explanation when such a big figure is...
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: Research and development.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: Research and development are included.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: I have not even mentioned some of the allowances, which also deserve scrutiny. There are big figures involved. Assuming they are part of the base is not necessarily a fair assumption. Figures that high deserve scrutiny, particularly when there is an incredible variation in them. An amount described by Revenue as a tax expenditure can jump by €6 billion or €7 billion in a...
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: The Minister will often say on budget day that a certain amount is being allocated to additional capital expenditure and such and such. I would like to know whether the Minister and the Department have that information. When capital expenditure on housing is broken down, it includes, for example, retrofit. It does not all go to the building of houses but instead includes quite a few other...
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: Okay.
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: Is there any reason those indicative numbers could not be included in the budget book?
- Committee on Budgetary Oversight: Post-budget 2023 Examination: Discussion (Resumed) (26 Oct 2022)
Richard Boyd Barrett: I genuinely do.