Seanad debates
Wednesday, 4 December 2002
Budget Statement: Motion.
Michael Kitt (Fianna Fail)
I do not know if wine is as humble as the pint, but the Minister has left it as it is. Another welcome announcement concerns improvements with regard to the transfer of land to young farmers. It is a big issue, on which I know you, a Chathaoirligh, have views.
The Minister also dealt with the closing of loopholes and said urban renewal schemes would end in 2004. There have been very good schemes. There has to be a cut-off point, however, and the Minister has been positive in what he has said.
Many speculated that there would be changes to the special savings scheme. Commentators on radio and television said it was a wonderful scheme and that a contract had been entered into between the Government and the savers involved. I am glad the scheme is in place as it will be of great benefit. Young people have particularly taken to it, which shows the positive results that can be obtained if there is an incentive to save.
I thank the Progressive Democrats for bringing forward this motion. We will undoubtedly have a further opportunity to discuss this positive budget in the weeks and months ahead.
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