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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Ciarán Lynch: It is true.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Ciarán Lynch: It is true.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Ciarán Lynch: He can indeed. The Minister is to reply and then Deputy McDonald can speak.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Ciarán Lynch: It is regrettable that Deputy Fleming has taken this approach. It is unworthy of him.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Ciarán Lynch: I need to move on to the next question so I have to ask the Minister to wrap up.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Ciarán Lynch: Is everyone else on or ahead of target?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Ciarán Lynch: Please, Deputy Fleming has the floor.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Ciarán Lynch: Is the €3 billion target still in place?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Ciarán Lynch: A significant change was renegotiated with regard to the €3 billion sum. The initial intention, as agreed by the troika with the previous Administration, was that the sum in its entirety would go to pare down debt. The negotiation by the new Government was for a 50:50 split between debt repayment and job creation. As we are beginning to exit the bailout programme and that target is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Ciarán Lynch: The second part of today's engagement with the Minister concerns public expenditure. Some of the more positive outcomes of the troika's arrival into Ireland have been the way in which budgetary management is scrutinised, the types of budgetary reform that have taken place and the fact that Departments must report on a quarterly basis and those figures must be shown to add up. What the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Ciarán Lynch: We will deal with both in this session.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Ciarán Lynch: I suggest the Minister furnish a copy to the secretariat in order that a copy can be provided to members.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Ciarán Lynch: Perhaps we can focus on Coillte and the sale of State assets and we will return specifically to the expenditure side.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Ciarán Lynch: I thank the Minister. As it is proposed to discuss both the sale of State assets and budgetary management by the Department of Public Expenditure and Reform, I propose that the first round of questions from spokespersons be limited to 15 minutes. Is that agreed? Agreed. The headline issue in this discussion is the proposed sale of Coillte. In light of the Minister's statement, will...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Ciarán Lynch: In the long term, therefore, once Coillte has been reconfigured or restructured, it will remain a public national resource.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Ciarán Lynch: The Minister clarified that the issue under consideration was the sale of Coillte harvesting rights rather than the company's lands. He stated: "a disposal of Coillte’s harvesting rights, which comprise much of the current value in the company, would have major implications for the future viability of the remaining business, particularly given its significant capital requirements"....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Ciarán Lynch: We will now have a discussion on the disposal of State assets, to be followed by the quarterly review of the 2013 public expenditure against profile. I welcome the Minister for Public Expenditure and Reform, Deputy Brendan Howlin, who is accompanied by Ms. Deirdre Hanlon, Mr. John Howlin, Mr. David Moloney and Mr. Brendan Ellison. The Minister will make opening remarks to be followed by a...

Written Answers — Department of Education and Skills: Student Universal Support Ireland Eligibility (18 Jun 2013)

Ciarán Lynch: 111. To ask the Minister for Education and Skills when a determination will be made in respect of a person's appeal to be provided with a grant on foot of them providing additional information as requested; and if he will make a statement on the matter. [28658/13]

Finance (Local Property Tax Repeal) Bill 2013 [Private Members]: Second Stage (Resumed) (12 Jun 2013)

Ciarán Lynch: This is nothing but a populist Bill with no credibility and it reflects the type of Darby O'Gill economics we have become used to from Sinn Féin. In the last budget, the Sinn Féin budget proposals were not costed by the Department of Finance, the first time in the history of the State an Opposition party has submitted proposals that were not costed. If this was a meaningful...

Finance (Local Property Tax Repeal) Bill 2013 [Private Members]: Second Stage (Resumed) (12 Jun 2013)

Ciarán Lynch: -----and other matters but left-wing parties opposing the principle of a property tax beggars belief. In a meeting of the Joint Committee on Finance, Public Expenditure and Reform before Christmas, every economist from the left and the right spoke about the progressive nature of property tax as opposed to income tax. Even spokespersons invited before the committee by Sinn Féin agreed...

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