Results 5,341-5,360 of 33,118 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Departmental Data (14 Jul 2022)

Paschal Donohoe: I am informed by Revenue that the information requested by the Deputy is not immediately available from Revenue data and therefore it is not possible in the time available to respond to this Parliamentary Question to provide the estimates sought. However the Deputy may find the following information, provided by the Central Bank, to be of assistance, as it provides a near approximation of...

Written Answers — Department of Finance: Departmental Data (14 Jul 2022)

Paschal Donohoe: I am advised by Revenue that as details of share buy backs are not reported on tax returns, it does not have data on which to base an accurate estimate of the potential annual revenue from implementing a tax as outlined by the Deputy.

Written Answers — Department of Finance: Revenue Commissioners (14 Jul 2022)

Paschal Donohoe: I am advised by Revenue that it uses the services of thirteen Sheriffs to assist in its debt recovery operations, comprising of two in Dublin (city and county), two in Cork (city and county) and nine located in multiple bailiwicks (areas of operation) across the country. The Sheriffs are Officers of the Court, holding office under Section 12 of the Court Officers Act, 1945. Their debt...

Written Answers — Department of Public Expenditure and Reform: Environmental Schemes (14 Jul 2022)

Paschal Donohoe: I am advised by Revenue that the total annual amounts collected through the Carbon Tax, since its introduction in 2010 and up to 2020, are published on the Revenue website at the following link: www.revenue.ie/en/corporate/information-about-revenue/statis tics/excise/receipts-volume-and-price/excise-receipts-commod ity.aspx I am further advised that the amounts raised through the Carbon Tax...

Committee on Budgetary Oversight: Summer Economic Statement 2022: Discussion (14 Jul 2022)

Paschal Donohoe: I thank the members for the opportunity to attend the committee today to discuss the summer economic statement, which sets out the Government's medium-term budgetary strategy and the parameters for budget 2023. I will begin by briefly outlining the economic and budgetary backdrop against which the budget is being prepared. Budget 2023 is clearly coming at a challenging time for Ireland. A...

Committee on Budgetary Oversight: Summer Economic Statement 2022: Discussion (14 Jul 2022)

Paschal Donohoe: Yes.

Committee on Budgetary Oversight: Summer Economic Statement 2022: Discussion (14 Jul 2022)

Paschal Donohoe: We were in an atmosphere, as I am sure the Deputy will know, of grappling with the global effects of a pandemic. That meant that we had to put in place extraordinary measures at different points to help us protect our economic and society. The core spending plans that we announced, particularly in last year's budget, were consistent with the expenditure benchmark that the Government had...

Committee on Budgetary Oversight: Summer Economic Statement 2022: Discussion (14 Jul 2022)

Paschal Donohoe: That remains to be determined. It will obviously depend on the overall scale of the package. It could impact on what the general Government balance will be. The Government and the Minister, Deputy Michael McGrath, and I will form a view on that during September.

Committee on Budgetary Oversight: Summer Economic Statement 2022: Discussion (14 Jul 2022)

Paschal Donohoe: I cannot give that commitment at the moment.

Committee on Budgetary Oversight: Summer Economic Statement 2022: Discussion (14 Jul 2022)

Paschal Donohoe: Because the figures for September will not be available to me until later that month. We will examine-----

Committee on Budgetary Oversight: Summer Economic Statement 2022: Discussion (14 Jul 2022)

Paschal Donohoe: Hold on. I will answer the Deputy's question. We will examine whether it is possible, but I cannot give that commitment at the moment.

Committee on Budgetary Oversight: Summer Economic Statement 2022: Discussion (14 Jul 2022)

Paschal Donohoe: I understand the Deputy's argument. I cannot give that commitment at the moment.

Committee on Budgetary Oversight: Summer Economic Statement 2022: Discussion (14 Jul 2022)

Paschal Donohoe: A legal impediment?

Committee on Budgetary Oversight: Summer Economic Statement 2022: Discussion (14 Jul 2022)

Paschal Donohoe: Yes, there is.

Committee on Budgetary Oversight: Summer Economic Statement 2022: Discussion (14 Jul 2022)

Paschal Donohoe: We were in the middle of a pandemic.

Committee on Budgetary Oversight: Summer Economic Statement 2022: Discussion (14 Jul 2022)

Paschal Donohoe: We had a pandemic still raging.

Committee on Budgetary Oversight: Summer Economic Statement 2022: Discussion (14 Jul 2022)

Paschal Donohoe: We did publish them across the period but when we published them, we said that their level of accuracy was significantly lower than we normally accept. When we published them and fulfilled our legal requirement - as opposed to legal impediment - we said that their level of accuracy was in some way short of what it normally would be. In fact, as part of the medium-term budgetary strategy,...

Committee on Budgetary Oversight: Summer Economic Statement 2022: Discussion (14 Jul 2022)

Paschal Donohoe: I believe the budgetary strategy that the Government has outlined is the appropriate strategy. Of course, I am absolutely aware of the costs and difficulties many people are facing throughout the summer period. However, the Deputy is aware of all the measures we brought in as the year has progressed and the additional measures brought in by the Ministers, Deputy Humphreys and Foley, to help...

Committee on Budgetary Oversight: Summer Economic Statement 2022: Discussion (14 Jul 2022)

Paschal Donohoe: The Deputy rarely does that.

Committee on Budgetary Oversight: Summer Economic Statement 2022: Discussion (14 Jul 2022)

Paschal Donohoe: I will deal with the question on revenue-raising measures first. Every budget that we introduce brings in additional measures that raise revenue. I would expect budget 2023 would be no different. There are always measures that allow the Government to raise additional revenue to fund changes in expenditure or taxation elsewhere. We have to get the balance right. I have always recognised...