Results 5,481-5,500 of 11,580 for speaker:Colm Burke

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Colm Burke: I thank our guests for presenting their reports and dealing with our queries. Turning to the issue of the State's holdings in the various financial institutions, I understand that more AIB shares are being offloaded by the State. It was also announced before Christmas that the State would offload approximately 15% of its holdings over time. Regarding the cost to the State on day one and...

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Colm Burke: Okay but in real terms if we look at what Mr. Hogan is saying, back in 2008, 2009 and 2010, it was €29.4 billion. He is saying we got back €19.8 billion so there is a shortfall there-----

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Colm Burke: -----of €9.6 billion.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Colm Burke: Taking the current valuations we have, what is his estimate? I am not tying him down on this because I am aware it varies by the day, if not the hour.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Colm Burke: Absolutely.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Colm Burke: I am aware the market is very uncertain at the moment. If we decided in the morning to sell everything we have in all the banks then we would be down €4.6 billion in real terms.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Colm Burke: In theory.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Colm Burke: Therefore it would have to be over a period.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Colm Burke: Yes.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Colm Burke: Does Mr. Carville feel we might be better off holding on to what we have if the bank is now into profitability, inasmuch as we can call it profitability given there is a still a huge debt there? Would the State not be better off holding on on the basis it will now get an annual dividend, assuming the bank continues to trade in a profitable manner?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Colm Burke: Why do we need to reduce the shareholdings to zero? Why is there not a benefit for the State in having an input? The banks took major decisions the State had very little control over and then the taxpayers ended up being the net losers and the people had to bail them out. Why should we walk away and let them have a free hand without having some input in the long term?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Colm Burke: Okay. On the shareholding we now have, is that going to be adversely affected in any way by the withdrawal of the Ulster Bank and KBC Bank from the market? Are we going to be in a more challenging position as a result of their withdrawal?

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Colm Burke: Okay. I move on to one other area. The Exchequer figures for the end of April show a substantial increase in tax. I am aware that is taking into account that there was a reduction because of the Covid lockdowns, etc. I raise long-term planning and one of the problems we had in 2008 and 2009. Other countries do long-term planning where there is a fund built up that the state can dig into...

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Colm Burke: But is the disadvantage then that if there is a sudden downturn and no rainy day fund, we are then at the mercy of the lenders if the State wanted to continue key projects and the lenders are saying they will not give any funding? It is thus at a disadvantage. I am just wondering about that.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Colm Burke: All right. I thank the Chairman.

Public Accounts Committee: 2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020 (5 May 2022)

Colm Burke: No, I am fine thanks, Chairman.

Written Answers — Department of Housing, Planning, and Local Government: Housing Provision (5 May 2022)

Colm Burke: 163. To ask the Minister for Housing, Planning, and Local Government the plans that are in place to reduce waiting times for accessible housing for patients with Huntington’s disease considering that it is currently taking many years; and if he will make a statement on the matter. [22436/22]

Written Answers — Department of Communications, Climate Action and Environment: Telecommunications Services (4 May 2022)

Colm Burke: 103. To ask the Minister for Communications, Climate Action and Environment if he has given consideration to implementing a programme similar to the shared rural network as was recently rolled-out in the UK; if essential mobile coverage will be provided to those areas in rural Ireland which currently experience little to no coverage; and if he will make a statement on the matter. [22343/22]

Written Answers — Department of Communications, Climate Action and Environment: Telecommunications Services (4 May 2022)

Colm Burke: 104. To ask the Minister for Communications, Climate Action and Environment if he has given consideration to the Commission for Communications Regulator 2018 Report Improving connectivity in Ireland which made it clear that high levels of mobile broadband coverage on a geographic basis would not be achieved in Ireland by the market itself and would require policy or regulatory interventions;...