Results 19,461-19,480 of 26,053 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: It took the Deputy about an hour of questioning to get to that point.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: Professor McHale is keeping them all guessing.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: We appreciate the great work done by the Irish Fiscal Advisory Council.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: Professor McHale has one topic for the agenda tomorrow anyway.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: Extremes polarise the political and economic systems of a society. Is this a factor in the fiscal area of the economy?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: I appreciate that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: Are the Senator's lectures always this interesting?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: The witnesses can make observations rather than provide answers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: I refer to the excessive deficit procedure. This will be the first year in which there is growth in consumption. The rate was -0.3% in 2012 and -1.1% in 2013. We are looking at 2% in 2014. These are Government figures. Is there a danger that if there are the full €2 billion of cuts this year, and Deputy Humphreys referred to this earlier, it will have an adverse impact on...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: The Deputy is asking whether a situation in which wages have declined sets a precedent for wages to decline throughout the economy, bringing about wage deflation, and whether Professor Barrett is worried about it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: There is a Europe-led initiative on standardising the measurement of GDP, and yesterday the Minister told the committee it might boost the measurement of Ireland's GDP. Has the council been following it and would it be a bonus? How does the council see the possibility of deflation in the eurozone impacting on Ireland?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: What impact will it have on the deficit in 2014?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: The 3% would go to just below 2.9%.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: What about deflation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: Does the council have major concerns about the possibility of deflation? Is it a risk for the Irish economy?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: Regarding the wedge between our GNP and GDP compared to our employment growth, it is said that the disparity is due to the patent cliff. While we had effectively no growth last year, our GNP grew by approximately 3.4%. Nobody has ever done a proper analysis. We appear to get very little credit for it, yet it is probably a better measure of real growth in the Irish economy. Has it been...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: Is there a danger that we are not getting a little bit of substance over form? Should we get some form of weighting for the fact that our GNP is so far ahead of our GDP, based in Ireland's unique set of circumstances regarding the patent cliff?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: Point taken.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: The council has brought in a medium-term forecast and is examining it over the next four years rather than two years. It feels the Irish economy can take the strain a bit more over these years and wants the economy not to have as much of a burden from 2015 onwards. Am I correct?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)
Kieran O'Donnell: That underlies the council's premise.