Results 13,981-14,000 of 32,569 for speaker:Paschal Donohoe
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: I accept that but the magnitude by which it is over budget is far smaller than it was in other years.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: I aim to get spending for these months within budget and will work to do so. What is different from the situation in other years is the magnitude of additional funding last year, which was just over €1 billion.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: I am well aware of the people behind this, namely, the patients and citizens who are impacted by the decisions made. I deal with them in my constituency, as does Deputy Doherty in his. The Deputy pointed to what is happening in Donegal and to a constituent he has met. I would point out that this year 53,000 of our citizens will benefit from home support services and a further 235 people...
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: I am in the same world as the Deputy, representing similar constituents with similar needs. I am as aware as he is of the levels of need of patients in our hospitals or of those who want to go into our hospitals or primary care centres. I understand the reality to which the Deputy is referring because I represent and deal with the same issues myself. Additional funding for home support...
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: I am aware of the level of unmet need, which is why the HSE and the Department of Health are looking to make use of the resources they have available to them and find out if they can be used in different ways to resolve these issues. We are debating needs that are unmet or need to be met. I am aware of waiting lists and of families and citizens awaiting services after assessment. We are...
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: The key difference between the Deputy and me is that he is only looking at the €700 million that is unallocated. However, our planned budget expenditure for next year is €68.8 billion. We are debating the unallocated funds, whereas I am focused on the totality of what we will spend next year. That substantial figure will allow us to make progress on many of the needs we are...
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: I believe changes in areas like the research and development tax credit and our corporate tax policy, if we were to go down the path suggested by the Deputy, would have a very negative effect on the level of employment and investment in our economy. I say that as somebody who is at the forefront of representing Ireland's competitive offering to companies which create employment in Ireland....
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: My view on that is formed by the phasing in respect of what will happen in the OECD. The work plan in respect of the debate on global corporate taxation is not due to be concluded until the end of this year and decisions relating to that are not due to be completed until the end of next year. For those reasons, I see Brexit as being a more imminent risk. In terms of the effect it will...
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: It is something on which I wish to make progress, but my ability to make progress on it in this year's budget will be influenced by what type of Brexit risks we are going to face.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: No-----
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: I am speaking to the man whose answer for many years to every question about how he would raise additional money was a wealth tax, but I do not hear him speaking about that any more.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: I have not heard him advocate for that for quite a while. Deputy Boyd Barrett is still advocating for it-----
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: The Deputy might be encouraged, or worried, to know how often I read the Sinn Féin budget submissions.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: I do not recall the wealth tax making an appearance recently.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: It is only fair for me to say-----
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: I am answering the Deputy's question. With regard to any decision I make in respect of a merger of the two, it is only fair to say that as we move towards the October period my key concern is how I protect the future tax take. It is understandable that I would say that. Regarding what the Taoiseach has said about our ability to cut taxes in the future-----
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: -----it is explicable if one looks at it in the two different scenarios to which we have referred. In an orderly Brexit scenario, which is outlined in Table 6, the table shows the ability to make progress in delivering a budget surplus and inside the unallocated resources there, which start at €1.9 billion in 2021 and move to €2.3 billion in 2024, how it is possible within that...
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: Chairman, I am well aware that each time I answer one of Deputy Pearse Doherty's questions he wants to interrupt me with a further one.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: The reason the €3 billion spend can be made is that it refers to unallocated decisions and reserves. Baked into the 2021 figures onwards is the fact that there will be pre-committed expenditure that will be growing.
- Committee on Budgetary Oversight: Summer Economic Statement: Minister for Finance (3 Jul 2019)
Paschal Donohoe: That explains the point that has been made there.