Results 16,561-16,580 of 32,602 for speaker:Paschal Donohoe

Committee on Budgetary Oversight: Fiscal Assessment Report: Minister for Public Expenditure and Reform (16 Jan 2019)

Paschal Donohoe: I do not accept that for a moment. What I have said is the pay cost of their claim is €300 million, plus the €115 million to €120 million that would be the consequence of meeting the need for increased continuing professional development hours. These are the figures I stand by. The increased wages would generate a higher level of tax revenue, but every other public...

Committee on Budgetary Oversight: Fiscal Assessment Report: Minister for Public Expenditure and Reform (16 Jan 2019)

Paschal Donohoe: No, I cannot.

Committee on Budgetary Oversight: Fiscal Assessment Report: Minister for Public Expenditure and Reform (16 Jan 2019)

Paschal Donohoe: The Deputy and I have debated each of those measures. I would argue that many of his proposals would destroy jobs and investment in our economy. As I will indicate in my letter, a key issue that should have been considered in the ensuing debate is that I made a decision to change a significant tax rate to pay for much of the additional expenditure that followed. Of course, as the Deputy...

Committee on Budgetary Oversight: Fiscal Assessment Report: Minister for Public Expenditure and Reform (16 Jan 2019)

Paschal Donohoe: The capital expenditure that we have embarked on will have a number of second round effects within the economy because it will act as a multiplier and a boost as investment increases. We did not build those second round impacts into our forecast in a significant way because they are difficult to forecast. One of the increasing challenges that we are facing from an investment point of...

Committee on Budgetary Oversight: Fiscal Assessment Report: Minister for Public Expenditure and Reform (16 Jan 2019)

Paschal Donohoe: My particular concern at the moment is that we have a number of complicated public goods or projects requiring a high level of skill that we need to deliver through the public service. I have seen within the private sector a growing appetite in also delivering intensive and complex projects. What is different for us now is we are not only competing for, for example, the engineers to do that...

Committee on Budgetary Oversight: Fiscal Assessment Report: Minister for Public Expenditure and Reform (16 Jan 2019)

Paschal Donohoe: Yes, and other European economies trying to catch up on that as well.

Committee on Budgetary Oversight: Fiscal Assessment Report: Minister for Public Expenditure and Reform (16 Jan 2019)

Paschal Donohoe: It now stands at 19%. It used stand at 14% to 15%. In terms of the degree to which that over-performance is now driven by one-off factors, our analysis is that there are a number of key factors behind the majority of change happening. The biggest one is the fact that corporate profitability has significantly increased since 2010. I refer to the corporate profitability that Deputy Boyd...

Committee on Budgetary Oversight: Fiscal Assessment Report: Minister for Public Expenditure and Reform (16 Jan 2019)

Paschal Donohoe: I thank the Chairman and Deputies.

An tOrd Gnó - Order of Business (15 Jan 2019)

Paschal Donohoe: It is precisely because of our support for public servants and our recognition of the immense work they do in our hospitals, classrooms and Garda stations that the process in respect of the repeal of the financial emergency measures in the public interest, FEMPI, legislation is well under way. We are in our second year of a wage agreement with our public servants that looks to undo the FEMPI...

An tOrd Gnó - Order of Business (15 Jan 2019)

Paschal Donohoe: We need to be fair to everybody in protecting the wage agreement, which also allows us to make progress on many of the priorities that are raised by Members every day in this House.

An tOrd Gnó - Order of Business (15 Jan 2019)

Paschal Donohoe: I can assure the Deputy that all members of the Cabinet are eager to build on the local property tax to come up with a regime that continues to be fair to everybody. I am sure that it is not only the Minister, Deputy Madigan, who is concerned about the matter. I am sure it is of concern to Deputy Catherine Martin, the Deputy's party colleague. I see her nodding in agreement and am glad...

An tOrd Gnó - Order of Business (15 Jan 2019)

Paschal Donohoe: I look forward to working with all my colleagues in Cabinet to get agreement on how we can ensure that the local property tax in 2020 is fair, affordable and brings clarity to where everybody stands.

Written Answers — Department of Finance: Mortgage Book Sales (15 Jan 2019)

Paschal Donohoe: I have been advised by the Central Bank of Ireland that when a consumer takes out a loan from a regulated lender (“the original lender”) it is subject to all the relevant Irish and EU consumer protections. Most loan agreements include a clause that allows the original lender to sell the loan on to another firm and when a loan is sold on to another regulated entity, the relevant...

Written Answers — Department of Finance: NAMA Social Housing Provision (15 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 175 and 177 together. I am advised by NAMA that it no longer has any involvement with the Player Wills site. The loans attaching to the site were fully repaid at par value by the borrower in late December 2018 and NAMA accordingly was obliged to release its legal charge over the site. It is important to note that NAMA does not own or control property,...

Written Answers — Department of Finance: Vehicle Registration Data (15 Jan 2019)

Paschal Donohoe: Details of the net used diesel cars registered for VRT which were imported from the UK in the years 2016 to 2018 are as follows: Year No. of diesel cars registered 2016 52,358 2017 68,644 2018 70,140 The large scale importation of used diesel cars from the UK during 2016 to 2018 may be due to a number of factors such as the relative weaknesses of sterling and the disparity in policies...

Written Answers — Department of Finance: NAMA Property Sales (15 Jan 2019)

Paschal Donohoe: The median sale agreed price for NAMA-funded units in the years 2016 to 2018 is set out in the table below. I am advised by NAMA that median sales prices can change significantly from year-to-year in the same Local Authority Area, due to the differing nature of NAMA-funded schemes coming to the market. Local Authority Area 2016 2017 2018 DLRCC 450,000 550,000 535,000 SDCC...

Written Answers — Department of Finance: Customs and Excise Protocols (15 Jan 2019)

Paschal Donohoe: I am advised that all Revenue staff receive comprehensive induction training upon joining Revenue. This covers the Civil Service Code of Standards and Behaviour, Revenue’s Code of Ethics and Revenue’s Customer Service Charter, which includes a commitment to courtesy and consideration. Revenue’s customs training programme includes a module in relation to human rights...

Written Answers — Department of Finance: Tax Appeals Commission (15 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 180 and 181 together. Section 949AG of the Taxes Consolidation Act 1997 (which was inserted by the Finance (Tax Appeals) Act 2015) was introduced with the intention of mirroring a requirement in the part of the Taxes Consolidation Act 1997 that requires the Appeal Commissioners to have regard to all matters to which Revenue is required to have regard in...

Written Answers — Department of Finance: Tracker Mortgage Examination (15 Jan 2019)

Paschal Donohoe: I propose to take Questions Nos. 182 and 221 together. The Central Bank has advised me that its Tracker Examination is focused on ensuring that lenders provide fair outcomes for all customers impacted by tracker related failings both from a contractual and transparency perspective. The Examination requires all lenders, which offered tracker interest rate mortgages to their customers, to...

Written Answers — Department of Finance: Mortgage Book Sales (15 Jan 2019)

Paschal Donohoe: The Deputy will be aware that a reduction in the level of non performing loans (NPLs) across European banks is a major priority for the banking regulator, the SSM. The Irish banks have made significant progress in this regard since the height of the crisis with NPLs at the banks in which the State has a shareholding reducing by 70% from €54bn to €16bn at end-June 2018. A major...