Results 7,021-7,040 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Pension Provisions: Pension Provisions (7 Apr 2009)

Brian Lenihan Jnr: The pension related deduction applies to income earned by public servants on or after 1 March 2009. Should any over-deductions have been made in individual cases in respect of industrial action taken prior to that date, such deductions would fall to be restored in line with normal practice.

Written Answers — EU Budget Payments: EU Budget Payments (7 Apr 2009)

Brian Lenihan Jnr: The information requested by the Deputy is set out in the table. Breakdown of EU Budget Payments 1 Year VAT GNI Other 2 Total € m € m € m € m 1993 289.9 97.0 188.9 575.8 1994 301.2 121.6 219.1 641.9 1995 350.8 108.0 230.4 689.2 1996 364.8 172.8 149.4 687.1 1997 265.7 177.1 209.2 652.0 1998 444.7 348.5 196.2 989.4 1999 454.7 429.5 166.8 1,051.0 2000 461.9 413.9 199.2...

Written Answers — Departmental Expenditure: Departmental Expenditure (7 Apr 2009)

Brian Lenihan Jnr: The table shows gross total Voted and non-Voted expenditure. The gross Voted expenditure figures between 1993 and 2007 are taken from the Appropriation Account for the relevant years. Non-Voted expenditure is derived from the appropriate Finance Accounts for the relevant years. The gross Voted expenditure figure for 2008 is a provisional outturn estimate, while the post-Budget expenditure...

Written Answers — EU Budget Payments: EU Budget Payments (7 Apr 2009)

Brian Lenihan Jnr: The information requested by the Deputy is set out in the table. Breakdown of Receipts from the EU Budget 1 € million FEOGA FUNDS EAGF EAFRD ESF ERDF Cohesion Other Total Year Guarantee Guidance European European European European Cohesion Including Agriculture Agricultural Social Regional Fund FIFG Guarantee Fund for Rural Fund Development EEA/TENS Fund Development...

Written Answers — Budgetary Proposals: Budgetary Proposals (7 Apr 2009)

Brian Lenihan Jnr: As this question relates to potential Budgetary measures, I do not propose to comment in advance of the Supplementary Budget.

Written Answers — Tobacco Industry: Tobacco Industry (7 Apr 2009)

Brian Lenihan Jnr: The Irish Tobacco Manufacturers' Advisory Committee (ITMAC) is already in ongoing contact with the Office of the Revenue Commissioners in relation to this matter; and a meeting with Revenue was held in January 2009. Direct ongoing contact between Revenue, my Department and the tobacco industry is the appropriate forum to address this issue. Indeed officials from my Department and Revenue...

Written Answers — Tax Refunds: Tax Refunds (7 Apr 2009)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that the taxpayer is jointly assessed with her spouse for income tax purposes. A review of their joint liability for 2008 has been carried out and P21 balancing statement was issued on 16 March 2009.

Written Answers — Tax Code: Tax Code (7 Apr 2009)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that the taxpayer has the following tax credits; Personal Tax credit €1,830, PAYE Tax credit €1,830 and Trade Union Subscriptions Tax credit €70 making a total of €3,730 per annum with Standard Rate Cut Off Point of €36,400. A certificate of tax credits for the tax year 2009, with breakdown of the above, issued to the taxpayer on...

Supplementary Budget Statement 2009 (7 Apr 2009)

Brian Lenihan Jnr: If all our difficulties related to the recent construction boom in Ireland, I would not be before the House this afternoon. We are the living witnesses to the most dramatic collapse in the world financial system since 1929. We are a small open economy with a huge exposure to international economic trends. Our confidence, our finances, our exports and our banks have been dented. The...

Supplementary Budget Statement 2009 (7 Apr 2009)

Brian Lenihan Jnr: Payments under the rent supplement scheme will be reduced to reflect the fall in prices in the rental market. We will also intensify the campaign against welfare fraud by allocating additional staff to the Department and by targeting, in particular, the fraudulent claiming of child benefit and other payments by those who are no longer resident in this country. We will continue to target the...

Supplementary Budget Statement 2009 (7 Apr 2009)

Brian Lenihan Jnr: Programme Spending The scope for changes in expenditure programmes in mid-year is limited. Changes over the next three years will be informed by the report of the special group on expenditure and numbers, which is evaluating all programmes. We need to achieve better results with fewer resources. One example of how this has been done in this budget is the changes we have introduced to the...

Supplementary Budget Statement 2009 (7 Apr 2009)

Brian Lenihan Jnr: Pre-primary education significantly enhances the subsequent educational achievement of students and in turn increases the return for State investment in education. The free pre-school year will start next January. The existing rate of early child care supplement will be halved with effect from 1 May and abolished at the end of 2009. More details are set out in the summary of budget...

Supplementary Budget Statement 2009 (7 Apr 2009)

Brian Lenihan Jnr: All of these measures will take effect from 1 May 2009. I indicated previously that I was prepared to review the operation of the public service pension levy to address any issues of fairness. Taking account of the impact of the tax measures which I have announced, I am proposing a slight recasting of the structure of the levy to reduce somewhat the impact on the lowest paid public servants...

Supplementary Budget Statement 2009 (7 Apr 2009)

Brian Lenihan Jnr: Full details of all of these and other taxation measures are contained in the summary of budget measures. The total tax and levies measures will raise €1.8 billion in 2009 and over €3.6 billion in a full year. The measures I have outlined have necessarily concentrated on income. I am now giving notice that, in 2010 and 2011, I will turn to other areas of taxation to secure the...

Supplementary Budget Statement 2009 (7 Apr 2009)

Brian Lenihan Jnr: The role of the Central Bank of Ireland will be reformed to place it at the centre of financial supervision and financial stability oversight, providing for full integration and co-ordination of the prudential supervision and stability of individual financial institutions with that of the financial system as a whole.

Supplementary Budget Statement 2009 (7 Apr 2009)

Brian Lenihan Jnr: The Central Bank of Ireland will in the future be headed by a commission, chaired by a governor. These important structural changes will be complemented by significant new resources and additional expert staff, to widen skill sets and enhance market-based knowledge. I have asked the former Deputy Governor of the Bank of England and former member of the UK Monetary Policy Committee, Sir...

Supplementary Budget Statement 2009 (7 Apr 2009)

Brian Lenihan Jnr: The Government also believes that further radical action is necessary to stabilise the banking system and ensure the supply of credit to the real economy. Cleansing and repairing the banks' balance sheets is fundamental to achieving a sustained recovery of the banking system and the sustained provision of credit for this economy. The Government has decided to bring forward measures to...

Supplementary Budget Statement 2009 (7 Apr 2009)

Brian Lenihan Jnr: The cost of servicing this debt will be offset, as far as is practicable, from income accruing from the assets of the new agency. The debt will be repaid from funds raised through the realisation of those assets over time. The potential maximum book value of loans that will be transferred to the agency is estimated to be in the region of €80 billion to €90 billion-----

Supplementary Budget Statement 2009 (7 Apr 2009)

Brian Lenihan Jnr: No. The amount paid by the agency will be significantly less than this to reflect the loss in value of the properties. In the longer term, if the agency were to fall short of recouping all of the costs, the Government intends that a levy should be applied to recoup any shortfall. All borrowers will be required to meet their full legal obligations for repayment. There will be a hardening of...

Supplementary Budget Statement 2009 (7 Apr 2009)

Brian Lenihan Jnr: The Government also intends, in line with its previous indication, to put a State guarantee in place for the future issuance of debt securities with a maturity of up to five years. This access to longer-term funding is in line with the mainstream approach in the EU; is consistent with State aid rules; and will assist the funding needs of the banks and secure their continued stability. The...