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Public Accounts Committee: Business of Committee (3 Dec 2015)

John McGuinness: Yes, we can. No. 3B.1, correspondence, dated 27 November 2015, received from Ms Mary Farrell, regarding wards of court. This is to be noted. The reply to our report is still being finalised by the Department of Public Expenditure and Reform. We will follow up again on this matter. No. 3B.2, correspondence, dated 30 November 2015, received from Mr. Brendan Moore, former board member...

Public Accounts Committee: Business of Committee (3 Dec 2015)

John McGuinness: Are the rest of the audits clear?

Public Accounts Committee: Business of Committee (3 Dec 2015)

John McGuinness: All of these accounts are to be noted.

Public Accounts Committee: Business of Committee (3 Dec 2015)

John McGuinness: We have written to the college and are waiting for a response. The Higher Education Authority will be attending the committee next week and that matter will be raised with it, along with St. Angela’s. Are there any queries about the proposed work programme?

Public Accounts Committee: Business of Committee (3 Dec 2015)

John McGuinness: We have pencilled in those two meetings for the new year, should we still be here. Deputy Mary Lou McDonald is late but has asked that attention be drawn to the fact that we have not received a response from the Department of Agriculture, Food and the Marine in respect of Mr. Douglas Fannin. Members will note the State’s attempted prosecution of the individual in question collapsed...

Public Accounts Committee: Business of Committee (3 Dec 2015)

John McGuinness: Arising from that, we can ask the clerk to contact the HSE and the Department with a view to having their responses before next week's meeting.

Public Accounts Committee: Business of Committee (3 Dec 2015)

John McGuinness: We will write to the Department and the HSE in respect of the matter. On the letter from Brendan Moore on the Irish Greyhound Board, in which he sets out different issues, we should send that letter to the board as well and ask it for its views on the issues that have been raised by Mr. Moore. We have agreed a letter to the HSE in respect of Deputy Deasy's remarks. In terms of the wards...

Public Accounts Committee: Business of Committee (3 Dec 2015)

John McGuinness: The report would have gone to the various-----

Public Accounts Committee: Business of Committee (3 Dec 2015)

John McGuinness: -----bodies. Now it is coming back through the Department of Public Expenditure and Reform to us. The issue now is to ask that the report be given to us as quickly as possible. We will write again to ask where the report lies at present and set a deadline for next Thursday so we can have it at our meeting. There is just one other matter with the HSE. It received a letter in respect of...

Public Accounts Committee: Business of Committee (3 Dec 2015)

John McGuinness: Yes. So our business for 10 December will be the 2014 financial statements of Cork Institute of Technology and the 2013 financial statements of Waterford Institute of Technology. We will now deal with today's business. I ask that the witnesses be brought in.

Public Accounts Committee: 2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014
(3 Dec 2015)

John McGuinness: Today we are dealing with the 2014 Annual Report and Appropriation Accounts: Vote 7 - Office of the Minister for Finance; chapter 1 - Exchequer Financial Outturn for 2014; chapter 2 - Government Debt; chapter 3 - Cost of bank stabilisation measures as at the end of 2014; and Finance accounts 2014. Before we begin, I ask members, witnesses and those in the public Gallery to please turn off...

Public Accounts Committee: 2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014
(3 Dec 2015)

John McGuinness: Our guests are all very welcome.

Public Accounts Committee: 2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014
(3 Dec 2015)

John McGuinness: He wants to promote him. I call Mr. McCarthy to make his opening statement.

Public Accounts Committee: 2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014
(3 Dec 2015)

John McGuinness: I thank Mr. McCarthy. We will we now have Mr. Moran's opening statement.

Public Accounts Committee: 2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014
(3 Dec 2015)

John McGuinness: Thank you, Mr. Moran. May we publish your statement?

Public Accounts Committee: 2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014
(3 Dec 2015)

John McGuinness: I ask Deputy Ross to conclude.

Public Accounts Committee: 2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014
(3 Dec 2015)

John McGuinness: In regard to the banks, how are they managed in terms of the interaction between the Department and, say, AIB, which is generally owned by the State?

Public Accounts Committee: 2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014
(3 Dec 2015)

John McGuinness: How does it work?

Public Accounts Committee: 2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014
(3 Dec 2015)

John McGuinness: What banks are we talking about here?

Public Accounts Committee: 2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014
(3 Dec 2015)

John McGuinness: What about banks outside of that? Ulster Bank is not in-----

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