Results 14,141-14,160 of 27,945 for speaker:Michael McGrath
- Written Answers — Department of Public Expenditure and Reform: Public Private Partnerships Data (24 Jan 2017)
Michael McGrath: 367. To ask the Minister for Public Expenditure and Reform the details of current public private partnership, PPP, projects in which the State is involved; the value of PPP projects to which the State was party for each year from 2004 to 2016; and if he will make a statement on the matter. [2828/17]
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: I welcome the Secretary General and his colleagues. Returning to the Chairman's comments about Brexit, perhaps Mr. Moran would outline in detail the resources within the Department of Finance and the Permanent Representation office that are dedicated to Brexit and preparing Ireland for the challenges that will inevitably now come.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: If the target is to have five or six people in that unit, how many are there currently?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: Are the latter staff from the Department of Finance?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: Am I correct that there are three staff in the dedicated unit in the Department with a view to that complement being increased to five or six?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: The Government's Brexit response is being led by the Taoiseach's Department. From an economic point of view, the trade implications, which are central to all of this, are potentially extremely serious for Ireland. Perhaps Mr. Moran would put in context the resources within Government focused on the economic implications. Also, are the implications in terms of export and trade with the UK...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: Perhaps Mr. Moran would clarify if there are three or four staff in the Department of Finance Brexit unit.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: A lot of people will be shocked at how threadbare the level of resources are within the Department of Finance. Mr. Moran said that everyone in the Department is making a contribution but they were all busy people before the Brexit referendum result last June. Almost seven months on from that, there are only four people in the Department of Finance with responsibility for devising our...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: Are the divisions being beefed up? If people are not sitting within the Brexit unit, are the Department's divisions that are directly affected by Brexit being enhanced in terms of resources?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: I take Mr. Moran's point that people do not need to wear Brexit hats while they walk around and can instead sit within their own functional areas, but the corollary of that is that one would expect the Department's international financial institutions, tax policy, EU and international and economics divisions to be enhanced to deal with the threats and opportunities posed by Brexit. Instead,...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: Is that because the Department cannot get people or is it losing people?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: I appreciate that. Prime Minister May made her speech on Tuesday. My question is probably more appropriate to Mr. McCarthy. Will he translate as best he can what we heard from her and put it in the context of the analysis undertaken by the Department and the ESRI of what Brexit means for the Irish economy? The UK is definitely leaving the Single Market. Although there is a degree of...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: If employment fell by 2%, what would that be in terms of the number of people?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: Roughly €20 billion.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: The Department's headline assessment is that, based on the emerging picture, economic output will be four percentage points less than the baseline over a five-year period.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: After five years. There will be approximately 40,000 fewer people in employment-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: -----and the national debt will be approximately €20 billion greater.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: What would the impact on exports be?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: What does it mean for exports to the UK?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael McGrath: What trade terms are assumed in that analysis?