Results 11,661-11,680 of 16,285 for speaker:Peadar Tóibín

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: The overheating that was a feature of the pre-crash period around 2003 manifested itself mostly in the property market, etc. Professor John McHale mentioned in his report that the output gap is shrinking and is close to being totally consumed. He suggested that overheating is likely to happen for this reason. How would that manifest itself? What tools has the Government at its disposal to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: I asked how this can be resolved if it has manifested itself.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: It seems that we are still in the middle of an extreme pro-cyclical space. In other words, we came from a very deep trough. Typically, after a very deep trough, one has a very strong bounce back. That is what is happening at the moment. Ideally, a Government should be flattening out these ends of the cycle. It seems from some of the research and the estimates that have been produced by...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: I would like to ask a supplementary question on that. Professor McHale mentioned that we could be at the edge of overheating, etc. What effect would the imposition by a Government of tax cuts of €4 billion have on that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: Obviously, expenditure cannot retreat any further.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: Would it not have an inflationary effect?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: Okay. I thank Professor McHale.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: We would be less inflationary than this Government.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: It is not necessarily an issue of spending more. The issue that whatever is spent must be raised.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: The major difficulty in this State is we promise European public services on US tax rates. This is where the fiscal irresponsibility lies. If European public services are promised on a European tax rate, it fits in and certain people are happy. This is the key issue. The cycle would be flattened. In other words, one takes heat out when the economy is at its peak and one puts it back in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: To sum up, the Irish Fiscal Advisory Council is stating there are several risks, the first of which is posed by a pro-cyclical economic policy. The second is there is a lack of proper mid-term planning; the third is in the trapped sectors within the economy, whether they be people in debt distress or on low wages; while the fourth is Government debt. Does Professor McHale agree that these...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: I am referring to the sector of society which comprises people who are economically trapped. While they might not be a risk to the fiscal health of the general economy, their position is a manifestation of the social ill health of the economy.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: As a new Deputy in 2011, I recall the Minister of Finance speaking on a regular basis about how our debt was unsustainable. By contrast, there is now a view, one that is proclaimed both here and abroad, that the debt is sustainable. Back in 2012 and 2013 there was pressure on the Government to achieve retrospective recapitalisation, in other words, to ensure our European partners treated us...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: Going back to the exchange between Deputy Pat Rabbitte and the Chairman, one of the concerns I have is that sometimes actors on the right figure they own fiscal responsibility. Is it not the case, in fact, that fiscal responsibility is neither a right nor a left issue but is about paying for the services we deliver in a sustainable fashion? We can have small government and small taxes which...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report: Irish Fiscal Advisory Council (3 Dec 2015)

Peadar Tóibín: Shakespeare.

Written Answers — Department of Environment, Community and Local Government: Local Authority Funding (2 Dec 2015)

Peadar Tóibín: 165. To ask the Minister for Environment, Community and Local Government the Central Government funding provided to local authorities for each year between 2000 and 2015, in tabular form. [43079/15]

Rent Certainty and Prevention of Homelessness Bill 2015: Second Stage [Private Members] (1 Dec 2015)

Peadar Tóibín: I want to put some human faces on the crisis that the Government has in large part created. I have changed the names of some of the individuals, obviously. One of the problems with the housing and homelessness crisis is that so many people do not want their names mentioned or their faces put to these issues. It is quite shocking that the responsible Minister is not in the Chamber to listen...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (1 Dec 2015)

Peadar Tóibín: Cuirim fáilte roimh an Aire agus gabhaim buíochas leis as an gcur i láthair a thug sé dúinn. I wish to deal with the Common Position on flexibility of the Stability and Growth Pact, which ECOFIN is to be briefed on. Obviously the Government was one of the architects of the Stability and Growth Pact. What is wrong with the rules now and what needs to be made more...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (1 Dec 2015)

Peadar Tóibín: Is the Government looking for further flexibility in respect of Ireland's needs outside of those?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Minister for Finance (1 Dec 2015)

Peadar Tóibín: With regard to the interpretation of those rules by the Government and the Fiscal Council, obviously the Government has said that in the next five years the figures take into account the demographic and inflationary pressures, however the Fiscal Council is of the view that it does not adequately account for them. Is there not a necessity for a more uniform interpretation of those rules by...