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Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2012
Chapter 2 - Government Debt
Finance Accounts 2012
(8 May 2014)

John McGuinness: How does that compare with AIB? It does not compare. It is significantly different.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2012
Chapter 2 - Government Debt
Finance Accounts 2012
(8 May 2014)

John McGuinness: Bearing in mind the cap and the difference and so on in terms of AIB versus Bank of Ireland and the Department's role in it, it is unusual that the Department would have voted for the arrangement within Bank of Ireland without making some sort of noise about it or objection to it. In respect of mortgages and the SME sector, I acknowledge the work that Mr. Moran and his team have undertaken...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2012
Chapter 2 - Government Debt
Finance Accounts 2012
(8 May 2014)

John McGuinness: Deputy Sean Fleming's time is exhausted.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2012
Chapter 2 - Government Debt
Finance Accounts 2012
(8 May 2014)

John McGuinness: I invite Mr. McCarthy, the Comptroller and Auditor General, to make his opening statement.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2012
Chapter 2 - Government Debt
Finance Accounts 2012
(8 May 2014)

John McGuinness: I invite Mr. Moran to make his opening statement.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2012
Chapter 2 - Government Debt
Finance Accounts 2012
(8 May 2014)

John McGuinness: May we publish that statement?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2012
Chapter 2 - Government Debt
Finance Accounts 2012
(8 May 2014)

John McGuinness: We now move to No. 7, 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts; Vote 7 - Office of the Minister for Finance; Chapter 1 - Exchequer Financial Outturn for 2012; Chapter 2 - Government Debt and Finance Accounts 2012. Before we commence, I ask members, witnesses and those in the Visitors Gallery to switch off their mobile telephones. Also, I advise...

Public Accounts Committee: Business of Committee (8 May 2014)

John McGuinness: Yes. It will have that effect.

Public Accounts Committee: Business of Committee (8 May 2014)

John McGuinness: We have often questioned the Accounting Officers that come before us regarding their spend on legal advice, accountancy advice and so on.

Public Accounts Committee: Business of Committee (8 May 2014)

John McGuinness: The Comptroller and Auditor General might comment on it.

Public Accounts Committee: Business of Committee (8 May 2014)

John McGuinness: The application for compellability will clarify that for us-----

Public Accounts Committee: Business of Committee (8 May 2014)

John McGuinness: -----and arising from that we can take it from there.

Public Accounts Committee: Business of Committee (8 May 2014)

John McGuinness: We have had a legal opinion-----

Public Accounts Committee: Business of Committee (8 May 2014)

John McGuinness: -----and we have our application to the Committee on Procedure and Privileges. It will get legal opinion - God bless the legal profession-----

Public Accounts Committee: Business of Committee (8 May 2014)

John McGuinness: -----and we will then make up our own minds. Following public money is first and foremost in my mind.

Public Accounts Committee: Business of Committee (8 May 2014)

John McGuinness: Can we agree our agenda for Thursday, 15 May 2014, which is 2012 Annual Report and Appropriation Accounts of the Comptroller and Auditor General - Chapter 4: Vote Accounting; Chapter 12: Contract Management in Education PPP Projects; Vote 26: Education and Skills, National Training Fund Accounts 2012? Agreed. I propose to adjourn the meeting until the Dáil deals with its business.

Public Accounts Committee: Business of Committee (8 May 2014)

John McGuinness: The work programme is now on the screen. We will sit next week but not the following week due to the European and local elections, so we will deal with the Comptroller and Auditor General's report on contract management in education public-private partnership, PPP, projects; Vote 26 - Department of Education and Skills; and the National Training Fund account 2012. In the context of the work...

Public Accounts Committee: Business of Committee (8 May 2014)

John McGuinness: -----the various other items of work that we must conclude, and to set out the timeframe for any report that we might publish or complete. We received correspondence from Mr. Michael Brosnan regarding a number of issues with the Department of Agriculture, Food and the Marine. I will ask the clerk to draft a note on it so that we might have the specific questions that are required to be...

Public Accounts Committee: Business of Committee (8 May 2014)

John McGuinness: The CPP's examination of the application for compellability will bring all of that into play. Last week, Deputy Fleming raised the issue of the number of organisations in receipt of substantial public funds that, by way of legislation, were not mentioned in this committee's review of how those funds were spent. The application before the CPP will start to clarify all of that matter in a...

Public Accounts Committee: Business of Committee (8 May 2014)

John McGuinness: No. Our application is specific to our current investigation and what we want to do to conclude it.

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