Seanad debates

Tuesday, 8 February 2005

2:30 pm

Photo of Paul CoghlanPaul Coghlan (Fine Gael)

We read in the PWC report that a slight slowdown in the economy is expected. We have also heard from the Central Bank recently regarding the great personal indebtedness of many citizens, particularly through credit cards with very high interest rates. I know the Minister for Finance, Deputy Cowen, has spoken of the people's great sense, a sentiment with which we concur. However, in that light, does the Leader agree that the Minister should be encouraged — one hopes that he is thinking of it already — to stress the importance of saving? When the special savings schemes expire, if he cannot provide an incentive, perhaps he might do whatever a Minister for Finance should to smooth the way for a large part of those funds to go into pensions or some further scheme. Perhaps the Leader might pursue that with the Minister on our behalf.

I have already raised this issue, but I probably asked a few other questions on the day with the result that the Leader missed it. I gather that the second annual report of the Inspector of Prisons is lying, if not on the Minister's desk then somewhere in the Department of Justice, Equality and Law Reform, awaiting publication. Does the Leader know when it will be issued?

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