Results 12,481-12,500 of 35,658 for speaker:Pearse Doherty
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: That criticism from our fiscal advisory watchdog is not being heeded or the Minister has a different view regarding how he should proceed in factoring in the Christmas bonus. Let us go to the other aspect of this matter. The figures presented earlier this year lacked credibility. The Minister made the point that he has increased the expenditure projections to what he termed slightly more...
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: Will the Minister give me the figure for what expenditure is this year?
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: I will clarify because I may not have explained myself clearly.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: The spring statement presented figures which the IFAC stated were not credible. The development between then and now is the Minister's increase of expenditure projections to 3.25%.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: What increase has there been since spring in respect of 2020? Is it 0%? What increase has been factored in for 2021? Is it €100 million?
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: There is, therefore, no increase in expenditure this year to deal with the position of the IFAC. The increase for next year, however, will be 0.1% of GDP. Will the Minister give me a figure to go along with that?
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: I referred to since the spring projections.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: I am not trying to conflate two different things.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: Not for this year.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: That is fine. I am now moving on to next year and I want to know how much the Minister has changed that figure for next year, the budget of 2021.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: In fairness, I have asked this question a number of times and I have not got the chance to-----
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: The additional expenditure for 2021 is on page 25, at the bottom of table No. 4, as 0.1% of GDP. I am asking the Minister for the associated figure. My next question, if I have time to ask it, is how much of that additional expenditure is the overrun of the national broadband plan that the Minister has been overseeing and that has now run out of control? That is the point to which I am...
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: This is deeply frustrating. I have asked a very simple question. I have closed the booklet I was referring to now in frustration. What is the additional allocation that the Minister has factored in as part of table No. 4 on page 25 of expenditure developments? It is given as -0.1% of GDP. I ask this question because that component is made up of two things. One is the overrun in the...
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: No,-----
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: I would like to focus on a couple of points. I will start with health spending. The latest fiscal monitor showed that as of the end of June, current expenditure was 6.8% higher year-on-year than in 2018. The projected figure was 5.8%. At the end of May it was 8.9% higher than the previous year's figure whereas, as I said, growth of 5.8% had been projected. How concerned is the Minister...
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: The Government anticipates that the relative growth in expenditure for 2019 will peak in May and that there will then be two months of decline followed by stability for the rest of the year. I believe that is a fair analysis of what the Government is projecting in health. That is the complete opposite of what we saw last year and of trends in health spending. There are indications that...
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: I am referring to the actual overspend, which is projected-----
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: The month of May showed growth in expenditure of 8.9%. The figure in May of last year was 9.5%. There difference in respect of that month is not significant. We have seen a decrease in June but all indications suggest that if we are seeing a significant overrun at this point in time, 1% above what was budgeted for, this overrun will accelerate in the last quarter of the year. Regardless...
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: Will the Minister repeat that?
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Pearse Doherty: Expenditure is obviously not within the parameters, however, because there is an overrun.