Results 12,161-12,180 of 20,094 for speaker:Brian Stanley

Written Answers — Department of Education and Skills: School Accommodation (12 Oct 2021)

Brian Stanley: 290. To ask the Minister for Education and Skills her views on the urgency of providing additional classroom accommodation for a school (details supplied) given the need for six additional classrooms; and if she will make a statement on the matter. [49545/21]

Public Accounts Committee: Business of Committee (7 Oct 2021)

Brian Stanley: All are very welcome to the meeting. Apologies have been received from Deputy Hourigan, who has other committee duties this morning. The Comptroller and Auditor General, Mr. Seamus McCarthy, is a permanent witness to the committee. He is attending remotely this morning but will join us in person for this afternoon's meeting. As we return to participating in committee meetings in person,...

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: This morning, we engage with the National Treasury Management Agency, NTMA, which also acts as the national State Claims Agency. Today's meeting will focus on the NTMA's 2020 financial statements, chapters 15 and 16 of the Comptroller and Auditor General's 2020 report and chapter 16 of the Comptroller and Auditor General's 2019 report. We are joined remotely from within the precincts of...

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: I thank Mr. McCarthy. Mr. O'Kelly has five minutes, which I understand he wants to share with Mr. Breen. Mr. O'Kelly's opening statement, which I read yesterday, is quite long. I ask the witnesses to take two and a half minutes each and to give a summary of the opening statement, which is available to members.

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: I have to interrupt Mr. O'Kelly because there is only a minute and a half left for the other speaker. My apologies but I have to try to keep it to the five minutes in order to allow questions afterwards.

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: We will hopefully cover most of these points in the back and forth. I had read the opening statements twice, and I know that members are diligent about these things. I respect the fact that Mr. O'Kelly has outlined the big picture in terms of the debt. Mr. Breen has just over a minute.

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: I thank the witnesses. My apologies for having to cut them short. They will understand that we have to get through a lot during this meeting. I thank them for the information and for their opening statements. The lead speaker today is Deputy Devlin. He will have 15 minutes and every other speaker will have ten. I ask for members' co-operation, particularly we want to make sure that each...

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: Hopefully, we will. The Deputy has 30 seconds left. Does she want to keep going?

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: I will now suspend the meeting for a short break. The first member to contribute when we resume will be Deputy Munster.

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: Deputy Munster has ten minutes.

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: We have lost the connection to Deputy Munster.

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: We are over time. I will let Deputy Munster back in for a second round later.

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: Thank you. I will let Deputy Colm Burke back in later. If members want to come in for a second round of questions, they should raise their hand signal or indicate in the room, given some people are in the room and some are online. I have a couple of questions for Mr. O'Kelly. With regard to corporation tax, we are all aware of what is happening this week, in fact today, in regard to...

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: Does Mr. O’Kelly see it having major consequences in terms of our revenue intake? Obviously, it will be a higher rate. I am somebody who would argue for the 12.5% but for that to be collected, although that is another day’s work in regard to some of the large multinationals having opt-out clauses or arrangements where the full 12.5% was not being collected. If we are going to...

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: So 2.5% extra will not terrify them. Is that what Mr. O'Kelly is saying? I thank him for that. I want to move to the issue of NAMA. I know it is not particularly under the remit of the NTMA but, obviously, what has happened there is connected to a lot of its work. I thank the NTMA for the information and the map it sent to us in preparation for this meeting. While it has its own...

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: The NTMA provides services to NAMA.

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: I accept that but the point that I am making is whether, if we had we been able to sit on it for two or three years longer and subdivide it into smaller lots, we would have been able to achieve a better outcome and relieve the taxpayer and the public of some of that bailout burden that our children and grandchildren will be paying.

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: I will turn briefly to public private partnerships, PPPs. The NTMA has a direct role in these, wearing the National Development Finance Agency, NDFA, hat. It does the procurement and hands it over when it is ready to go to the relevant Department or State agency. The NTMA has used it a lot and promoted it for different infrastructure. Britain, as I understand it, has moved away from PPPs...

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: I put it to Mr. O'Kelly that some PPPs have not turned out so well. For example, the total cost to the State of the Convention Centre Dublin was reported to be €416 million. It was discovered later that the State could have built it for about half that amount. The company that the OPW partnered with, Spencer Dock Development Company, went into liquidation and had to be bailed out by...

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: We can examine that in private session. There would be a concern there. Obviously, the human cost is the big concern, but the fact that 92% of the claims relate to the area of health is of major concern.