Results 19,421-19,440 of 33,392 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Stability and Growth Pact (26 Jun 2018)

Paschal Donohoe: The estimates prepared by the European Commission, in its Spring Forecast, and my Department, in the Stability Programme Update 2018, both project a structural deficit of 0.4 per cent of GDP for next year. If an additional €500 million were to be spent this would, in the first instance, increase the deficit, and have a corresponding impact on the structural position. On the assumption...

Written Answers — Department of Finance: Stability and Growth Pact (26 Jun 2018)

Paschal Donohoe: A Member State in the preventive arm of the Stability and Growth Pact is legally required to be at, or making sufficient progress towards, its Medium Term budgetary Objective (MTO). Ireland's MTO is a structural deficit of 0.5 per cent of GDP. The European Commission sets the required annual fiscal adjustment based on inter alia the cyclical position of the economy.  In 'normal'...

Written Answers — Department of Finance: Stability and Growth Pact (26 Jun 2018)

Paschal Donohoe: Under the Stability and Growth Pact, Member States must attain a country-specific Medium Term budgetary Objective (MTO) which is set in structural terms. For Ireland this is currently set as a structural deficit of 0.5 per cent of GDP. When a Member State is not at its MTO, a convergence margin applies. The process of calculating this convergence margin is detailed in the 2018 Edition of the...

Written Answers — Department of Finance: Contract Manufacturing (26 Jun 2018)

Paschal Donohoe: Ireland’s national accounts data, including GDP, are prepared by the Central Statistics Office which is independent. They are prepared in accordance with EU and international standards currently in place. Contract manufacturing is a form of outsourcing whereby an Irish-resident firm engages a company abroad to manufacture goods on its behalf (and vice versa).  Crucially, for...

Written Answers — Department of Finance: Foireann Roinne (26 Jun 2018)

Paschal Donohoe: Is ar mo chomhghleacaí, An tAire Josepha Madigan TD, An tAire Cultúir, Oidhreachta agus Gaeltachta, atá an fhreagracht maidir le hAcht na dTeangacha Oifigiúla 2003 agus Scéimeanna Gaeilge.  Is féidir liom a chur in iúl don Teachta go ndéantar foráil i Scéim Gaeilge na Roinne Airgeadais 2018-2021  Oifigeach Gaeilge a bheith ag mo...

Written Answers — Department of Finance: VAT Yield (26 Jun 2018)

Paschal Donohoe: I am informed by the Revenue  Commissioners that the information recorded on VAT returns does not separately identify particular products or activities. Therefore, it is not possible to provide the amount of VAT paid in relation to concerts performed by foreign resident music artists.   In general, where a concert takes place in Ireland, the artist’s performance fee is...

Written Answers — Department of Finance: Mortgage Lending (26 Jun 2018)

Paschal Donohoe: The Central Bank advises that Provision 6.12 of the Consumer Protection Code 2012 states that, where a regulated entity offers an incentive to a personal consumer on an existing mortgage, the regulated entity must provide the personal consumer, on paper or on another durable medium, with the information needed to consider the incentive offered. This information must:Quantify the implications...

Written Answers — Department of Finance: Mortgage Lending (26 Jun 2018)

Paschal Donohoe: The Central Bank advises that it recently undertook a review of mortgage related advertising, with a focus on cash back incentives, to assess clarity and transparency for consumers.  A risk to consumer protection exists where consumers are not informed of all of the consequences of choosing a mortgage that offers short-term financial relief, including that it may cost the consumer more...

Written Answers — Department of Finance: Personal Contract Plans (26 Jun 2018)

Paschal Donohoe: PCPs – or Personal Contract Plans - are a type of hire purchase financing agreement used for the purchase of motor vehicles.  It is normally comprises three parts:- - an up-front deposit payment; - ongoing monthly payments for an agreed period of time; - a final balloon payment at the end of the contract term.   Both the Central Bank and the...

Written Answers — Department of Finance: Motor Insurance Costs (26 Jun 2018)

Paschal Donohoe: The Deputy will be aware that the Cost of Insurance Working Group’s Report on the Cost of Motor Insurance was published in January 2017.  The Report makes 33 recommendations with 71 associated actions to be carried out in agreed timeframes, which are set out in an Action Plan in the Report. Work has been ongoing on the implementation of the recommendations by the...

Written Answers — Department of Finance: Departmental Staff Data (26 Jun 2018)

Paschal Donohoe: The Department of Finance is a high performing professional organisation which operates to the highest standards. To ensure the Department achieves priority outcomes the aim is to sustain and foster a culture and related values that exemplify ethical behaviour and effective governance. These shared values drive behaviour and define a culture that support the efforts to deliver a mission in a...

Written Answers — Department of Finance: European Investment Bank Loans (26 Jun 2018)

Paschal Donohoe: In relation to the current extent of State borrowing from the European Investment Bank (EIB), I am advised by the National Treasury Management Agency (NTMA) that the EIB has lent or contracted to lend directly to Ireland, acting through the NTMA, the amounts shown below: State Borrowing Loan Facility Purpose of Loan Loan Amount Drawn Amount (as of 21/06/2018) Date of Capital Repayment...

Written Answers — Department of Finance: Financial Services Regulation (26 Jun 2018)

Paschal Donohoe: The Companies (Auditing and Accounting) Act 2003, established the Irish Auditing and Accounting Supervisory Authority (IAASA). IAASA was conferred with the majority of its statutory functions and powers under the Act in early 2006. IAASA is under the aegis of my colleague, the Minister for Business, Enterprise and Innovation. Under the Companies Act 2014, the Transparency Regulations and the...

Written Answers — Department of Finance: Tax Yield (26 Jun 2018)

Paschal Donohoe: I am informed by Revenue that information in relation to yield received from Capital Acquisitions Tax, which includes the amounts from Inheritance Tax for the years requested by the Deputy, can be found on the statistics page of the Revenue website at https://www.revenue.ie/en/corporate/information-about-revenu e/statistics/receipts/receipts-capital-acquisitions-tax.aspx .  The Deputy...

Written Answers — Department of Finance: Carbon Tax Collection (26 Jun 2018)

Paschal Donohoe: Solid Fuel Carbon Tax (SFCT) was commenced in May 2013 and initially applied at a rate of €10 per tonne of carbon dioxide emitted when combusted.  In 2014, the SFCT rate was increased to €20 per tonne of carbon dioxide emitted. Current SFCT rates per tonne are €52.67, €36.67, €17.99 and €27.99 respectively for coal, peat briquettes, milled peat...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Sick Leave (26 Jun 2018)

Paschal Donohoe: The provisions of the Public Service Sick Leave Scheme (Public Service Management (Sick Leave) Regulations 2014 (S.I. No. 124 of 2014) apply across the entire public sector and encompass the Education, Health, Justice, Local Government and Civil Service. The Scheme is administered on a sectoral basis with regard to issues such as procedures for managing attendance. While I cannot comment on...

Written Answers — Department of Public Expenditure and Reform: Community Employment Schemes Supervisors (26 Jun 2018)

Paschal Donohoe: I would refer the Deputy to my responses to Parliamentary Question No. 262 of 16 January 2018, and Parliamentary Question No. 227 of 27 March 2018.

Written Answers — Department of Public Expenditure and Reform: Capital Expenditure Programme (26 Jun 2018)

Paschal Donohoe: Capital expenditure allocations by Ministerial Vote Group for the years 2018-2022 were published in Annex 1 of the National Development Plan (NDP). These ceilings were reflected in the 2019 Summer Economic Statement. Capital allocations for individual votes within these Vote Groups for 2019 will be published in Budget 2019. The €1.5 billion in additional capital...

Written Answers — Department of Public Expenditure and Reform: Summer Economic Statement (26 Jun 2018)

Paschal Donohoe: I propose to take Questions Nos. 133 to 135, inclusive, together. The Summer Economic Statement set out €2.6 billion in pre-committed expenditure for 2019. Of this, €1.1 billion relates to current expenditure on demographics, carryover costs of 2018 expenditure measures and the Public Service Stability Agreement. The remaining €1.5 billion relates to capital...

Written Answers — Department of Public Expenditure and Reform: Capital Expenditure Programme (26 Jun 2018)

Paschal Donohoe: Capital expenditure allocations by Ministerial Vote Group for the years 2018-2022 were published in Annex 1 of the National Development Plan (NDP). As detailed in Annex 1, capital expenditure will increase by €1.5 billion between 2018 and 2019. These ceilings were reflected in the 2018 Summer Economic Statement. Details of the projects to be delivered by the totality of funding in...