Results 15,021-15,040 of 26,396 for speaker:David Cullinane

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: We will continue using unreliable figures.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: I mean in terms of the implementation of the fiscal rules.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: For reporting and implementation of the rules, we will continue to use unreliable figures.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: Mr. Moran is dancing on the head of a pin. He has repeatedly stated that GDP is the legally required measurement. At no point will we be allowed to use GNI* to implement the fiscal rules but, rather, GDP alone. In that context, we will continue to use an inaccurate measurement.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: That is my point. I thank Mr. Moran for being honest.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: That is a ridiculous situation.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: We know the matter has been raised. The problem is that the European Commission has not agreed to it.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: My point is that not only does GNI* have no legal standing but the GDP figures, which are unreliable, will continue to be used to implement the fiscal rules, with which Mr. Moran agreed.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: I do not disagree. Incidentally, this is not Mr. Moran's problem and I am not blaming either him or Mr. McCarthy for it.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: There will be more work done outside in the corridor.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: Was there -----

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: To pick up on something Teachta Connolly said earlier, in Mr. Moran's opening statement he spoke about the increase in economic activity, the fundamentals of the economy being strong, the fact that we have one of the fastest growing economies in Europe, rapid growth in the economy, and a massive increase in employment - indeed, that we are heading towards full employment. Does any of that...

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: It sounds like McCreevy economics again. I am old enough to remember - I am one of the victims of the Celtic tiger, having bought a property at the wrong time - that the fundamentals of the economy were strong. Many people were buying homes on the strength of people such as the witness coming in to committees such as this and saying that the fundamentals were strong and that we had a fast...

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: One of those mistakes would be to rely on one element of the economy. At that time consumption taxes and the property sector were the main drivers. We now hear from the experts that we have a very high level of concentration of corporation tax from a small number of companies. Is that correct?

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: There is a wider spread.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: I will make a mental note of that and hope that I do not have to play it back to the witnesses at some point. Teachta Connolly also asked about the delivery of housing. There is a big focus on housing at the moment, and while it is not necessarily in our area - it is a matter for that Department - the witness mentioned in his response that there is no single metric for calculating how many...

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: The witness is talking about the amount of houses that were built rather than how many we need.

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: I want to return to the issue of GDP, GNI and GNI*. Mr McCarthy has been very helpful to the committee. His knowledge of the issues is quite impressive, and I thank him for sharing. However, I have concerns, and I hope that someone with his knowledge can help someone like me, a layperson, to understand exactly what is happening here. I am looking at page 20 of the Comptroller and Auditor...

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: All of them?

Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018)

David Cullinane: Does that include aircraft leasing?