Results 10,041-10,060 of 16,492 for speaker:Ciarán Lynch

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming Economic and Financial Affairs Council: Minister for Finance (13 Feb 2014)

Ciarán Lynch: Before I call Deputy Pearse Doherty, I must excuse myself for a few minutes. Deputy Creed will take the chair. Is that agreed? Agreed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming Economic and Financial Affairs Council: Minister for Finance (13 Feb 2014)

Ciarán Lynch: As we need to conclude the meeting by 11 a.m., we will have eight minute slots. Has there been any indication of what the CSRs will be for Ireland? The most significant issue appears to be the German imbalance, on which there will be a report at the meeting. What is the current state of play in the context of how this will be monitored and addressed in Germany's CSRs?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming Economic and Financial Affairs Council: Minister for Finance (13 Feb 2014)

Ciarán Lynch: No. 5 on our agenda is the pre-ECOFIN Council briefing for February 2014. I welcome the Minister for Finance and his officials. The purpose of the meeting is to consider items on the draft agenda for the meeting next week of the Economic and Financial Affairs Council. The Minister will make his opening remarks which will be followed by a question and answer session. I remind members,...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion (12 Feb 2014)

Ciarán Lynch: This is the mortgage-to-rent scheme, which should be separate from the rental accommodation scheme.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion (12 Feb 2014)

Ciarán Lynch: The reason I ask is that representatives from the banks will be appearing before us in April to discuss the target figures that have been put in place for them. I refer to the examination of the various options under the Keane report, one of which is the mortgage-to-rent scheme. Is there a target figure for the money? Could the Minister of State explain the methodology? Is it the case...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion (12 Feb 2014)

Ciarán Lynch: I am interested in understanding the modelling element.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion (12 Feb 2014)

Ciarán Lynch: If we are working with an option of €70,000 per unit, which is quite high because many of the properties would be distressed, we are talking about approximately 41 units in total.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion (12 Feb 2014)

Ciarán Lynch: As we have now completed our consideration-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion (12 Feb 2014)

Ciarán Lynch: The information I am seeking is not tied to our concluding our consideration this afternoon.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion (12 Feb 2014)

Ciarán Lynch: We will play a very straight line on this. I am keen to have relevant information provided when dealing with these matters. We have the headline figure. Can we agree that if a deadline is provided for the provision of the information by a specified date, we can sign off this afternoon? I have no difficulty with revisiting this issue. If we get a commitment from a line Department or...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion (12 Feb 2014)

Ciarán Lynch: That allows us to conclude this evening. If we do not have the information by the specified date, I will reopen the debate in spite of our concluding it this evening. I offer the Deputy that commitment.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion (12 Feb 2014)

Ciarán Lynch: A message must be sent to the Dáil stating we have completed our consideration of the motion by 20 February, which is just over a week away.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion (12 Feb 2014)

Ciarán Lynch: With regard to time management, we should bear in mind that this committee has two separate Departments to deal with, or two and a half if one includes the Office of Public Works, and also the fact that at least three meetings have already been scheduled for next week. I can understand spokesmen on public expenditure and reform, and finance, seeking information but I must accommodate them...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion (12 Feb 2014)

Ciarán Lynch: I have been consistent on this with the Deputy and will continue to be so.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion (12 Feb 2014)

Ciarán Lynch: This is not a problem that the Deputy has but one that the committee has.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion (12 Feb 2014)

Ciarán Lynch: We will conclude and I will discuss the matter with the Deputy at the end of the meeting. Is that agreed? Agreed. On behalf of members, I thank the Minister of State and his officials for attending. We have completed our consideration of the motion. In accordance with Standing Order 87, the clerk to the committee will convey a message to that effect to the Clerk of the Dáil. Under...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Message to Dáil (12 Feb 2014)

Ciarán Lynch: In accordance with Standing Order 87, the following message will be sent to the Dáil. The Select Sub-Committee on Public Expenditure and Reform has completed its consideration of the motion: That Dáil Éireann approves the following Order in Draft: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014, copies of which were laid in draft form before...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion (12 Feb 2014)

Ciarán Lynch: It is set up on the basis that there are approved housing bodies, be they local authorities, an agency such as Clúid or Respond or another agency that meets the criteria or code of conduct. What would happen is that a capital acquisition would come to the approved housing body and take ownership of the property and the resident would move to become a tenant.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion (12 Feb 2014)

Ciarán Lynch: A capital acquisition is taking place.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Finance Act 2004 (Section 91) (Deferred Surrender to the Central Fund) Order 2014: Motion (12 Feb 2014)

Ciarán Lynch: I will make a request in the context of today's meeting for the Deputy.