Louise O'Reilly (Dublin Fingal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

158. To ask the Minister for Enterprise, Trade and Employment the estimated cost of increasing the funding to the Personal Insolvency Advisory Board by 10%, 15%, 20% and 25% in tabular form. [36853/22]

Leo Varadkar (Dublin West, Fine Gael)
Link to this: Individually | In context | Oireachtas source

PIAB is funded through fees charged for its services and the exchequer provides an allocation to meet costs associated with former staff pensions. As there was a significant reduction in claims to PIAB in 2020 and 2021 because of the closure of public places and businesses and less traffic on our roads, the Department, on a once off basis, provided an additional exchequer allocation of €2.021 million. This was to mitigate the effects of the pandemic on PIAB’s income and to allow PIAB to continue to offer the most cost-effective settlement channel in terms of personal injury claims in our country.

PIAB’s allocation for 2022 from Vote 32, under subhead C.9, was €2.61 million, the pensions element of this was €589 thousand. The table below sets out the estimated costings of increasing funding to PIAB by 10%, 15%, 20% and 25% respectively (having stripped out the once off allocation in 2022).