Results 1,001-1,020 of 16,537 for speaker:Brian Lenihan Jnr

Meeting of Ministers for Finance of the Eurogroup: Statements (23 Nov 2010)

Brian Lenihan Jnr: It is a decision I never heard of; it is one the Deputy invented.

Written Answers — Economic and Monetary Union: Economic and Monetary Union (18 Nov 2010)

Brian Lenihan Jnr: 2057I assume the Deputy is referring to the outcome of the work carried out by the Van Rompuy Task Force. In March 2010, in the light of the global economic and financial crisis and the deterioration in public finances across the EU, the European Council mandated a Task Force under President Van Rompuy and comprising representatives of the Member States, the European Commission and ECB to...

Written Answers — Informal Economy: Informal Economy (18 Nov 2010)

Brian Lenihan Jnr: 2057My Department does not produce estimates of the size of the informal economy nor of the estimated loss to the exchequer arising from such activities. Internationally, a considerable amount of research has been undertaken in this area but, by definition, it is always difficult to quantify the scale of the informal economy. Having said that, the Central Statistics Office in compiling...

Written Answers — Carbon Budget: Carbon Budget (18 Nov 2010)

Brian Lenihan Jnr: Based on the current state of knowledge and data as supplied by the EPA we can estimate the State allowances as follows: 000's Year 2012 2013 2014 2015 2016 2017 2018 2019 2020 Aviation Allowances 475 475 475 475 475 475 475 475 475 EUA Allowances (ETS excl aviation) - 8,151 8,001 7,852 7,702 7,552 7,403 7,253 7,104 As with any market based instrument it is difficult to say conclusively...

Written Answers — National Solidarity Bond: National Solidarity Bond (18 Nov 2010)

Brian Lenihan Jnr: The State Savings schemes, including the National Solidarity Bond, are managed by the National Treasury Management Agency. The State Savings products are intended primarily for the retail investor. In the same way as funds borrowed by the Agency on the international and domestic markets, they are used to fund the Exchequer and form part of the National Debt.

Written Answers — National Solidarity Bond: National Solidarity Bond (18 Nov 2010)

Brian Lenihan Jnr: In Budget 2010, I announced the Government's intention to launch a National Solidarity Bond, the purpose of which is to allow citizens an opportunity to invest and provide money to the State to stimulate economic recovery and to assist in the maintenance and creation of employment. The necessary legislative basis was provided in this year's Finance Act and the Bond was launched on Tuesday 4...

Written Answers — National Lottery: National Lottery (18 Nov 2010)

Brian Lenihan Jnr: The total amount of money which accrued to the Exchequer from the National Lottery in 2009 was €275m. The surplus from the National Lottery is transferred to the Exchequer and is applied each year to part-fund the Exchequer allocations to a specified range of expenditure subheads across various Votes. Each year, the amount transferred to the Exchequer from the National Lottery surplus,...

Written Answers — Tax Yield: Tax Yield (18 Nov 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the total amount collected in respect of all vehicles in vehicle registration tax for 2009 is €375.4m and for the period January to October 2010 the provisional amount collected is €361.7m. The amount of VRT collected per vehicle CO2 category for new and imported cars is shown in the attached tables. The amounts shown for VRT in 2010 are...

Written Answers — Departmental Expenditure: Departmental Expenditure (18 Nov 2010)

Brian Lenihan Jnr: As the Deputy is aware the Government decided in 2009 that the performance related award scheme for Assistant Secretaries and Deputy Secretaries would be terminated, which resulted in an annual saving of around €2m. In applying the reductions in pay in January 2010, I considered that account had to be taken of the reduction in remuneration for Assistant Secretaries, Deputy Secretaries and...

Written Answers — Tax Yield: Tax Yield (18 Nov 2010)

Brian Lenihan Jnr: The overall yield in 2010 from the carbon tax, inclusive of VAT, is estimated at around €240 million, with the estimated yield in a full year being €330 million. I am informed by the Revenue Commissioners that since the introduction of carbon taxes in 2010 the yields, by category, to end October are as follows :- 2010 Carbon Levy Estimated VAT Total Jan to Oct €m €m €m Auto...

Written Answers — Departmental Investigations: Departmental Investigations (18 Nov 2010)

Brian Lenihan Jnr: There were 160 external reports or reviews commissioned by bodies under the aegis of my Department in the period in question . Details of the reports or reviews commissioned are contained in the following tables National Treasury Management Agency ( Inclusive of State Claims Agency, National Development Finance Agency, National Pension Reserve Fund and National Asset Management Agency)...

Written Answers — Company Law: Company Law (18 Nov 2010)

Brian Lenihan Jnr: Policy matters in relation to company law and bankruptcy are the responsibility of the Minister for Enterprise, Trade and Innovation and the Minister for Justice respectively in the first instance.

Irish Banking: Statements (18 Nov 2010)

Brian Lenihan Jnr: Let us be clear. I have not given plenipotentiary powers to anyone.

Irish Banking: Statements (18 Nov 2010)

Brian Lenihan Jnr: Yes, but I am not participating in the conduct of the discussions because they are of a technical nature.

Irish Banking: Statements (18 Nov 2010)

Brian Lenihan Jnr: I would need to sign off on any conclusion that might be reached and bring an appropriate proposal before the Government. It is important that Professor Honohan's role be understood. The Governor is independent in the performance of his functions, but he associates himself with the discussions or negotiations - I prefer the word "talks" - given his and his organisation's knowledge of the...

Irish Banking: Statements (18 Nov 2010)

Brian Lenihan Jnr: No. I will say it again. Professor Honohan was very careful this morning to make clear that the decision in these matters rested with the Government, not himself. He said this during the course of his interview this morning. He was adamant on the point. Of course he is of great assistance in these discussions and I am in constant contact with him because of his organisation's deep...

Irish Banking: Statements (18 Nov 2010)

Brian Lenihan Jnr: Regarding the question on contingencies, Professor Honohan clearly pointed out this morning that what he envisaged was the assembling of a large fund that would demonstrate that adequate firepower is behind the banking system. Naturally and correctly, there have been many political charges today, but there have also been many constructive contributions by Members from all sides of the House...

Irish Banking: Statements (18 Nov 2010)

Brian Lenihan Jnr: These talks started this morning. It is important that this be understood. ECOFIN made a statement on Tuesday. On the Order of Business, I pointed out that some of the people in question arrived yesterday although there seems to have been a great deal of reporting to the effect they all arrived today. They are now engaging with my office in respect of these matters.

Irish Banking: Statements (18 Nov 2010)

Brian Lenihan Jnr: These are urgent discussions. I have made that clear. If a quick resolution can be brought to these matters, I will welcome it. These urgent discussions will take place quickly. At that stage, the Government will be in a position to make a definitive decision on the matter. The negotiations will not be dragged out.

Irish Banking: Statements (18 Nov 2010)

Brian Lenihan Jnr: I will not put a limit in terms of a number of days on it. The technical issues are important and must be addressed. The Government must be in a position to make the correct decision. Regarding the question on the amounts involved, as Professor Honohan pointed out this morning, it is a technical matter that must be evaluated on that basis. No precise figure can be given at this stage...