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Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

John Lahart: Would there be a level of paying down below which the market would not be happy?

Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

John Lahart: GNI* was mentioned. We heard a fascinating presentation on it last week when the Governor of the Central Bank and the director general of the CSO attended the committee. Essentially, Mr. O'Kelly is saying we owe a pile of cash and the ratio to whatever measurement is used is irrelevant, given that the pile of cash remains the same.

Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

John Lahart: I am sorry, as that sounds like a stupid question. GNI* has no impact. The question in which I am half-interested is on the debt-to-GNI* ratio.

Committee on Budgetary Oversight: Developments in the National Debt: National Treasury Management Agency (8 Mar 2017)

John Lahart: Is Brexit on the NTMA's risk register? Is it enhancing or making the work of the NTMA easier? Is it making selling easier or impeding it? What has been the NTMA's experience of it so far?

Written Answers — Department of Social Protection: Jobseeker's Allowance Applications (7 Mar 2017)

John Lahart: 308. To ask the Minister for Social Protection the status of an application in respect of a person (details supplied); and if he will make a statement on the matter. [11458/17]

Estimates for Public Services 2017: Message from Select Committee (2 Mar 2017)

John Lahart: The Select Committee on Health has completed its consideration of the following Revised Estimate for Public Services for the service of the year ending 31 December 2017 - Vote No. 38.

Committee on Budgetary Oversight: Report on the Revised Macroeconomic Indicators: Discussion (28 Feb 2017)

John Lahart: I welcome Professor Philip Lane, Governor, and Mr. John Flynn, head of the Irish economic analysis division, in the Central Bank of Ireland. I also welcome Mr. Pádraig Dalton, Director General, Ms Jennifer Banim, Assistant Director General CSO and the Economic and Environment Statistics section, and Ms Gillian Roche, head of Government accounts division, from the Central Statistics...

Committee on Budgetary Oversight: Report on the Revised Macroeconomic Indicators: Discussion (28 Feb 2017)

John Lahart: As Acting Chairman, I want to echo those views. The clerk might pass on the views of the committee to the Mathews family. We might pause for a few seconds as we remember the passing of Peter today.

Committee on Budgetary Oversight: Report on the Revised Macroeconomic Indicators: Discussion (28 Feb 2017)

John Lahart: I thank Professor Philip Lane for his attendance. I invite him to make his opening statement.

Committee on Budgetary Oversight: Report on the Revised Macroeconomic Indicators: Discussion (28 Feb 2017)

John Lahart: Thank you, Governor. The director general, Ms Banim, will make an opening statement. I am sorry - Mr. Pádraig Dalton will speak. I beg your pardon.

Committee on Budgetary Oversight: Report on the Revised Macroeconomic Indicators: Discussion (28 Feb 2017)

John Lahart: Thank you assistant director. My apologies; I had an Oscars, "La La Land" moment. I thank the director general of the CSO, Mr. Dalton, and the Governor of the Central Bank, Professor Lane.

Committee on Budgetary Oversight: Report on the Revised Macroeconomic Indicators: Discussion (28 Feb 2017)

John Lahart: Mr. Dalton referred to the figures spiking in 2015 and 2016. Does he have any intelligence as to why they spiked? He stated that a large number of companies domiciled their accounts here, but why did it happen in those years?

Committee on Budgetary Oversight: Report on the Revised Macroeconomic Indicators: Discussion (28 Feb 2017)

John Lahart: I get that, but what prompted it?

Committee on Budgetary Oversight: Report on the Revised Macroeconomic Indicators: Discussion (28 Feb 2017)

John Lahart: Could Mr. Dalton even just make a guess at why?

Committee on Budgetary Oversight: Report on the Revised Macroeconomic Indicators: Discussion (28 Feb 2017)

John Lahart: When does GNI* become active and live in the decisions that are made by the Department of Finance in terms of budgetary planning?

Committee on Budgetary Oversight: Report on the Revised Macroeconomic Indicators: Discussion (28 Feb 2017)

John Lahart: On what Deputy Calleary raised, what would its impact be on the capacity of the State to invest in capital infrastructure projects, for example, if the measurement was implemented?

Committee on Budgetary Oversight: Report on the Revised Macroeconomic Indicators: Discussion (28 Feb 2017)

John Lahart: This is your fourth supplementary.

Committee on Budgetary Oversight: Report on the Revised Macroeconomic Indicators: Discussion (28 Feb 2017)

John Lahart: It falls to me to thank the Governor, Professor Lane, Mr. Flynn, the director general, Mr. Dalton, Ms Banim and Ms Roche for their attendance and for their fascinating presentation to the committee. I thought of a steroid model when I thought of GDP versus GNI*. When the steroids are taken away, this is what is left. That concludes our proceedings today.

Written Answers — Department of Education and Skills: Land Transfers (28 Feb 2017)

John Lahart: 329. To ask the Minister for Education and Skills the status of and timeframe for completion on the transfer of lands (details supplied); and if he will make a statement on the matter. [10198/17]

Written Answers — Department of Health: Health and Social Care Professionals Regulation (28 Feb 2017)

John Lahart: 575. To ask the Minister for Health the status of developments towards the regulation of counselling and psychotherapy professionals; the stakeholder groups he has met in the context of this reform; and if he will make a statement on the matter. [9882/17]

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