Results 421-440 of 27,019 for speaker:Michael Noonan

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

Michael Noonan: I can tell the Deputy not to be libelling absent friends but it should be put on the record that Sinn Féin voted for the guarantee.

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

Michael Noonan: They had a very eminent Senator who voted for it in the Seanad.

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

Michael Noonan: A gentleman called Senator Doherty was the name.

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

Michael Noonan: We would have great respect for the Central Bank but my own opinion is that the change in the prudential rules has had more of an effect on prices than the help-to-buy scheme. I did, however, say that the connection between supply and demand is price. If there is a shortage of supply and there is excess demand it will have an effect on price. I would concede to the Deputy that the...

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

Michael Noonan: Sometimes I think a psychotherapist has a better insight than an economist into Ireland.

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

Michael Noonan: First, if the Deputy is going to beat me up with statements from the Governor of the Central Bank he should quote him in full. The Deputy probably knows that he went on to say any increase in price will work its way through the system and would not be a permanent feature.

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

Michael Noonan: I think he said it would wash out. I think that was the phrase he used. That is a relevant piece of information.

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

Michael Noonan: He did not put a timeline on it either. The Deputy put his question as if there was nothing happening on the supply side. The Minister for Housing, Planning, Community and Local Government is Deputy Coveney. He got an enormous budget last year of €5.5 billion and has introduced dozens of supply side initiatives to help the supply of houses. He is the Minister responsible for...

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

Michael Noonan: The Deputy must be fair to him in his absence as well.

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

Michael Noonan: I cannot let inaccuracies rest on the record.

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

Michael Noonan: It is like what Dermot Morgan said, they will be sleeping in the account. We cannot have that. The point is that the then Minister, Deputy Alan Kelly, changed the building regulations, which were brought in at the bottom of the recession when things were worst and they made it worse. The price of a site is a factor in Dublin. It is especially a factor in the cost of apartments, but it is...

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

Michael Noonan: I am dealing with a subtle questioner.

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

Michael Noonan: Every time I cross O'Connell Bridge my route is inhibited by the construction work that is going on for the Luas extension. That is a major initiative on public transport in Dublin, taking in the north side of the city. That is the big initiative which is under construction at present. I am the finance Minister not the transport Minister but we had to fund that and we funded it in bad...

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

Michael Noonan: I thank the Deputy.

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

Michael Noonan: Yes and those issues are being taken into account in the national spatial plan that is being developed. The main route to the Continent is not direct ferry services at present, even though there is significant container traffic out of Waterford Port and Rosslare, it is using the UK as the land bridge, as it is called whereby people drive across. I cannot see how that would not be maintained...

Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance (13 Apr 2017)

Michael Noonan: I thank the staff of the committee. Thank you Chairman.

Written Answers — Department of Finance: NAMA Operations (13 Apr 2017)

Michael Noonan: NAMA's commercial funding activities with respect to housing delivery are referenced in the Infrastructure and Capital Investment Plan (2016-2021) under "Non Exchequer Investment".  In other words, such funding has not been provided under the Capital Plan nor through direct Exchequer expenditure. Rather, it is provided by NAMA in line with its commercial mandate under Section 10 of the...

Written Answers — Department of Finance: Connectivity Fund (13 Apr 2017)

Michael Noonan: I would refer the Deputy to my response to his question, which I answered on Thursday 6 April last, where I set out how the Ireland Strategic Investment Fund (ISIF), which manages the Connectivity Fund, seeks to support the objectives of the Capital Plan. The Capital Plan itself is a matter for my colleague the Minister for Public Expenditure and the other Government Departments...

Written Answers — Department of Finance: Fuel Rebate Scheme (13 Apr 2017)

Michael Noonan: In Ireland, diesel used for certain social or commercial reasons can attract a lower rate of tax.  This lower rate of tax could be considered a subsidy.  Currently, subsidies are limited to Marked Gas Oil, a Disabled Drivers and Passengers Fuel Grant and the Fuel Rebate Scheme.  A differential in the rate of excise applied to petrol and that...

Written Answers — Department of Finance: Primary Medical Certificates Data (13 Apr 2017)

Michael Noonan: I understand from the question that the Deputy is looking for the cost of the Disabled Drivers and Passengers (Tax Concessions) Scheme, which is available to holders of a Primary Medical Certificate, broken down on a county by county basis, for 2015, 2016 and to date in 2017.  Unfortunately, statistics are not available on this basis, however, the total costs of the scheme for 2015...