Results 17,441-17,460 of 28,162 for speaker:Catherine Murphy
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: I was going to come to the point around risk. The reality is that we are trying to get to 60%. We have a huge national debt of more than €200 billion. The amount of money did not change so we still owe that-----
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: Give or take the odd billion.
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: How that figure is calculated is incredibly important. Obviously, Ireland's ability to borrow for capital projects, for example, is determined by our debt to GDP ratio. Is this the case?
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: I am looking at the calculation for every 1% change in the annual cost of servicing the debt. It is €500 million euro to service the debt. This is a very sizeable amount of money and it limits the State's scope to do other things. When it goes from 3% to 3.5% the 0.5% makes quite a bit of difference. These accounts tell us that the National Treasury Management Agency, NTMA, has...
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: The IMF debt was paid off also. Were they more expensive and is this the reason they were paid?
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: What interest rate are we paying on the UK loan?
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: It cost Ireland €6.7 billion in 2016 to service that debt. This is the cost of running the Department of Education and Skills, or maybe just a little bit more, from pre-school services right through to third-level funding. To quantify it, it is a very sizeable amount of money. Not all of that is the debt from the crash as there would have been a residual debt before that.
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: Mr. Tobin has actually anticipated the question I was going to ask, which was around the anticipated case for the 2018. What was it for 2017?
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: Interest rates may not always stay low. Of the interest rates for debt we are currently discussing, how much is at a fixed rate?
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: That payment was accelerated, if I remember correctly. What stage is that at?
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: I still have a big problem with us having that liability in the first place. Has there been any discussion on our liability in this regard over the past year?
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: I refer to the IBRC unsecured creditors payment of €270.6 million in 2016. How much of that was carried over to 2017 and 20148?
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: Will Mr. Moran explain that figure?
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: Has Mr. Moran concerns about the oversight of IBRC? Deputy MacSharry raised this previously. It is highly unusual. The High Court usually supervises these situations but in this case it is the Department.
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: Will Mr. Moran explain the payment to Kinsale Energy Limited? To a lay person, there is a hole in the ground, from which oil is extracted. The asset is not ours. What are we getting from it? Am I correct the State is paying a subsidy? If so, why is there a liability in this regard?
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: Yes. When Mr. Moran reverts, he might include the sector. There is also the Corrib gas field. I do not understand how we end up with a liability. I would appreciate it if he could give me that.
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: There is a loan balance of €96 million outstanding in respect of Irish Water. Has it been turned into a grant as opposed to a loan?
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: I wish to clarify something. There was a referendum on the fiscal compact rules. That is the framework under which we are working. If GDP is the legally defined definition, as Deputy Cullinane said and as the witnesses agreed, are we in compliance with the fiscal compact rules in the context of the definition using GNI?
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: As a member who is here, I certainly would not be agreeing with Deputy MacSharry in advance of talking to the individual involved.
- Public Accounts Committee: Chapter 1 - Exchequer Financial Outturn for 2016
Chapter 2 - Government Debt
Chapter 24 - Irish Fiscal Advisory Council (19 Apr 2018) Catherine Murphy: I do not think we can ask the committee to do that.