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Special Committee on Covid-19 Response: Impact of Covid-19: Overall Fiscal and Monetary Position (7 Jul 2020)

Pearse Doherty: I refer to business interruption. We have discussed this in detail in our meetings and I appreciated that opportunity. On 27 March 2020 Mr. Makhlouf wrote to the CEOs of the Irish-regulated insurance companies setting out his expectations and those of the Central Bank in light of Covid-19. He stated in that letter: "...where a claim can be made because a business has closed, as a result...

Special Committee on Covid-19 Response: Impact of Covid-19: Overall Fiscal and Monetary Position (7 Jul 2020)

Pearse Doherty: What is the Central Bank going to do? The insurance companies have just decided to ignore its advice. We are left in the situation where four publicans have taken a case and another thousand publicans are ready to take one. Some 15 restaurants are taking a case with another 160 or so in the wings. I know of hairdressers and community groups that are ready to take cases. In Britain the...

Special Committee on Covid-19 Response: Impact of Covid-19: Overall Fiscal and Monetary Position (7 Jul 2020)

Pearse Doherty: I thank the Governor.

Written Answers — Department of Education and Skills: Special Educational Needs (30 Jun 2020)

Pearse Doherty: 214. To ask the Minister for Education and Skills the reason school transport will not be provided for a child (details supplied) in County Donegal to accommodate their July provision attendance; and if she will make a statement on the matter. [13388/20]

Written Answers — Department of Agriculture, Food and the Marine: Fishing Industry (30 Jun 2020)

Pearse Doherty: 601. To ask the Minister for Agriculture, Food and the Marine the amount of funding allocated for grants under the fisheries local area group development 2016-2023 for 2020; the actual amount of funding allocation that has been issued to date; and the remaining amount for 2020. [13387/20]

Written Answers — Department of Transport, Tourism and Sport: Driver Licences (30 Jun 2020)

Pearse Doherty: 724. To ask the Minister for Transport, Tourism and Sport the process by which a person (details supplied) in County Donegal can renew their driver licence; the reason their attempts to do so failed; and if he will make a statement on the matter. [13405/20]

Written Answers — Department of Children and Youth Affairs: Childcare Services (30 Jun 2020)

Pearse Doherty: 775. To ask the Minister for Children and Youth Affairs the reason a child (details supplied) in County Donegal was refused their after-school childcare place despite their enrolment prior to Covid-19 lockdown; and if he will make a statement on the matter. [13404/20]

Taoiseach a Ainmniú (Atógáil) - Nomination of Taoiseach (Resumed) (27 Jun 2020)

Pearse Doherty: Gabhaim buíochas leis an gCeann Comhairle. Is onóir mhór domsa an Teachta Mary Lou McDonald a mholadh mar Thaoiseach. Déanaim sé seo mar go bhfuil rogha tuillte ag na Teachtaí anseo an rogha chéanna bhí ag an bpobal san olltoghchán i mí Feabhra. Rogha idir an athrú nó níos mó den rud céanna. It is a great honour...

Written Answers — Department of Health: Hospital Waiting Lists (16 Jun 2020)

Pearse Doherty: 480. To ask the Minister for Health if a person (details supplied) in County Donegal has been referred from Letterkenny University Hospital to Galway University Hospital for heart surgery; and if he will make a statement on the matter. [10524/20]

Written Answers — Department of Agriculture, Food and the Marine: Aquaculture Licences (16 Jun 2020)

Pearse Doherty: 737. To ask the Minister for Agriculture, Food and the Marine the number of oyster farm licences granted to persons for such activity in Redcastle foreshore in Lough Foyle, County Donegal; if further licences have been applied for; the consultation period relating to same; the steps being taken to ensure that such licensing applications are commensurate to the local environs; if decision...

Written Answers — Department of Agriculture, Food and the Marine: Targeted Agricultural Modernisation Scheme (16 Jun 2020)

Pearse Doherty: 743. To ask the Minister for Agriculture, Food and the Marine when a person (details supplied) in County Donegal will receive a decision on an application for a targeted agricultural modernisation scheme, TAMS, grant for young farmers. [10726/20]

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

Pearse Doherty: I welcome Mr. Barnes and his colleagues. On wage growth beyond 2021, the stability programme update suggests that after a decline this year, we will see wage inflation of 3.8% in 2021. What does the Irish Fiscal Advisory Council expect wage growth to average in the three years after 2021?

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

Pearse Doherty: So between 2% and 3%. I am interested in IFAC's view on the programme for Government that was published yesterday where it gives a clear commitment that where there is wage growth, there will be indexation of taxes and bands. This is something that has not happened in this State over the past decade. Wage inflation of 3% would mean tax forgone of in excess of €4 billion over the...

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

Pearse Doherty: Does IFAC accept that if there is indexing, and there is, as I said, a clear commitment for the first time in more than a decade to index tax rates, bands and credits, the tax forgone over that four-year period if we are to see the type of wage growth would be in excess of €4 billion?

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

Pearse Doherty: The commitment in the programme is starting from 2022. For every 1% of wage indexation to wage inflation, it costs €136 million. Therefore, if it were to take place over a four-year period, it would be €136 million by a factor of 30 which gives the €4 billion figure. Outside of where it is, because we know it will run into billions of euro, is that a prudent approach...

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

Pearse Doherty: I will ask Mr. Barnes about the stimulus that he believes is required and that IFAC believes is appropriate, because it is appropriate that we stimulate and try to grow the economy. What quantum of stimulus does Mr. Barnes believe would be appropriate this year and, indeed, over the next number of years? Particularly this year, what type of space is available and what would be appropriate?

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

Pearse Doherty: What would Mr. Barnes say to the argument that this is a very modest stimulus given what the economy needs and given what is happening in other European jurisdictions? The total package in Germany is equivalent to 30% of its GDP. IBEC has argued for a package worth €22 billion. Many others have argued for stimulus packages well in excess of what IFAC has laid out.

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

Pearse Doherty: One of the best ways to stimulate the economy in terms of the return received is to invest in construction and other labour-heavy industries. Does Mr. Barnes believe that this would be an appropriate way to stimulate the economy? Are the concerns IFAC has expressed in the past with regard to capacity and so on valid in the current environment?

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

Pearse Doherty: On corporation tax, the IFAC document outlines that 50% of corporation tax receipts cannot be explained by the growth in the domestic economy. Is the council more concerned about corporation tax issues now than it was last year? Given that none of these projections take Brexit and the potential cliff edge at the end of the year into account, has anything in recent weeks increased the...

Special Committee on Covid-19 Response: Covid-19: Impact on the Fiscal Position (16 Jun 2020)

Pearse Doherty: I think we are out of time. I thank Mr. Barnes.

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