Results 41-60 of 1,021,195 for in 'Dáil debates' OR (speaker:Joe Costello OR speaker:Mick Barry) in 'Committee meetings'

Ceisteanna Eile - Other Questions: Economic Data (21 May 2024)

Economic Data

Ceisteanna Eile - Other Questions: Economic Data (21 May 2024)

Bernard Durkan: 69. To ask the Minister for Finance the extent to which positive conclusions can be drawn from this country's economic performance when considered alongside other eurozone countries and all other European countries; if the methodology for the measurement of the economy here continues to be robust and accurate; and if he will make a statement on the matter. [22705/24]

Ceisteanna Eile - Other Questions: Economic Data (21 May 2024)

Bernard Durkan: 237. To ask the Minister for Finance the extent to which he remains satisfied that this economy continues to perform well when considered in the overall European context; and if he will make a statement on the matter. [22987/24]

Ceisteanna Eile - Other Questions: Economic Data (21 May 2024)

Bernard Durkan: These questions seek to ascertain the extent to which the Minister has confidence in the robustness of the performance of this jurisdiction's economy when compared to other eurozone countries and non-eurozone countries.

Ceisteanna Eile - Other Questions: Economic Data (21 May 2024)

Michael McGrath: I propose to take Questions Nos. 69 and 237 together. The economic performance across the EU and Ireland was somewhat subdued last year amid weak global trade and GDP growth. In 2023, GDP grew by a modest 0.4% in the euro area and EU, while Irish GDP recorded a contraction of 3.2%. GDP growth in the euro area and Ireland is projected to pick up this year, though remaining below...

Ceisteanna Eile - Other Questions: Economic Data (21 May 2024)

Bernard Durkan: I thank the Minister for that reply. To what degree does he, as he obviously does, continue to monitor the cause or causes of inflation, whether imported or generated nationally? To what extent can measures be taken at this stage to identify those tendencies? I ask this particularly since it seems to be fashionable nowadays to say it is inflation and everybody knows it is inflation. We do...

Ceisteanna Eile - Other Questions: Economic Data (21 May 2024)

Michael McGrath: We monitor inflation at the headline level but also the components of inflation quite closely, as would be expected. Every time a publication is issued by the Central Statistics Office and Eurostat, it is examined by officials in my Department, who report to me, give me a summary of them and their interpretation of the underlying trends. Of course, there is a difference between the...

Ceisteanna Eile - Other Questions: Economic Data (21 May 2024)

Bernard Durkan: In the context of previous experiences this country has had when criticised internationally on the basis of the system we were using to measure the economic forces and trends at work here, which were sometimes quite dismissive, with references to leprechaun economics and so on and so forth, is the Minister absolutely certain we can robustly withstand any criticism that might come from such...

Ceisteanna Eile - Other Questions: Economic Data (21 May 2024)

Michael McGrath: The truth is that GDP is measured in Ireland in exactly the same way as in every other European country, but because we have a very large multinational sector, we believe it is important to have other measures of the economy as well. This is why we have MDD and GNI* and we publish all this information regularly. The agreed international measure of economic performance, though, whether that...

Ceisteanna Eile - Other Questions: Economic Data (21 May 2024)

Bernard Durkan: Go raibh maith agat.

Ceisteanna Eile - Other Questions: Inflation Rate (21 May 2024)

Inflation Rate

Ceisteanna Eile - Other Questions: Inflation Rate (21 May 2024)

Alan Farrell: 70. To ask the Minister for Finance to provide an update on his Department's efforts to reduce inflation; and if he will make a statement on the matter. [22752/24]

Ceisteanna Eile - Other Questions: Inflation Rate (21 May 2024)

Bernard Durkan: 90. To ask the Minister for Finance the extent to which he remains confident that budgetary measures taken here are adequately focused in order to discourage inflation, self-generated or imported; and if he will make a statement on the matter. [22706/24]

Ceisteanna Eile - Other Questions: Inflation Rate (21 May 2024)

Bernard Durkan: 238. To ask the Minister for Finance the extent to which he remains confident that budgetary measures taken here are adequately focused in order to discourage inflation, self-generated or imported; and if he will make a statement on the matter. [22988/24]

Ceisteanna Eile - Other Questions: Inflation Rate (21 May 2024)

Alan Farrell: My question relates to the ongoing efforts by the Minister's Department to reduce inflation. Significant domestic and international factors have reduced inflation over the recent period, which I acknowledge. I believe, though, that more needs to be done in this regard. My question relates to what measures the Minister is proposing to introduce in the coming months in an effort to reduce...

Ceisteanna Eile - Other Questions: Inflation Rate (21 May 2024)

Michael McGrath: I propose to take Questions Nos. 70, 90 and 238 together. Inflation reached multidecade highs in 2022, averaging 8.1%, with a peak of 9.6% in June 2022, as measured using the harmonised method of the harmonised index of consumer prices, HICP. While the initial driver of this inflationary pressure was a surge in global energy prices, it subsequently became increasingly broad-based as...

Ceisteanna Eile - Other Questions: Small and Medium Enterprises (21 May 2024)

Pádraig O'Sullivan: As the Minister rightly said, there is probably a lag in the data as well insofar as there are 12 months, and interest rates and such are coming down. As the Minister rightly highlighted, businesses have proven to be resilient in that 82% of them said they had no change or had increased their turnover while 88% were either in profit or had broken even. "Resilience" is the right word to...

Ceisteanna Eile - Other Questions: Small and Medium Enterprises (21 May 2024)

Michael McGrath: The Deputy's question is about interest rates facing SMEs. The changes in the interest rates being paid by SMEs were directly linked to the monetary policy environment, the ten successive interest rate increases we had from the ECB which worked their way through the system, in particular in respect of floating rate charges, variable rate loan products and then when it came to the re-pricing...

Ceisteanna Eile - Other Questions: Credit Unions (21 May 2024)

Credit Unions

Ceisteanna Eile - Other Questions: Credit Unions (21 May 2024)

Aindrias Moynihan: 68. To ask the Minister for Finance his engagement to date with credit unions that currently have a savings cap limit of €30,000 to increase this limit; and if he will make a statement on the matter. [22719/24]