Lenihan, Brian Joseph

Tuesday, 7 April 2009

Dáil Eireann Debate
Vol. 679 No. 4

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Supplementary Budget Statement 2009.

As Minister for Finance for the past ten months, I have submitted one budget and two rounds of expenditure adjustments to this House. Economic turmoil throughout the world and in Ireland dictated the...More Button

If all our difficulties related to the recent construction boom in Ireland, I would not be before the House this afternoon. We are the living witnesses to the most dramatic collapse in the world fina...More Button

Payments under the rent supplement scheme will be reduced to reflect the fall in prices in the rental market. We will also intensify the campaign against welfare fraud by allocating additional staff ...More Button

The scope for changes in expenditure programmes in mid-year is limited. Changes over the next three years will be informed by the report of the special group on expenditure and numbers, which is eval...More Button

Pre-primary education significantly enhances the subsequent educational achievement of students and in turn increases the return for State investment in education. The free pre-school year will start...More Button

All of these measures will take effect from 1 May 2009. I indicated previously that I was prepared to review the operation of the public service pension levy to address any issues of fairness. Takin...More Button

Full details of all of these and other taxation measures are contained in the summary of budget measures. The total tax and levies measures will raise €1.8 billion in 2009 and over €3.6 billion in a ...More Button

The role of the Central Bank of Ireland will be reformed to place it at the centre of financial supervision and financial stability oversight, providing for full integration and co-ordination of the p...More Button

The Central Bank of Ireland will in the future be headed by a commission, chaired by a governor. These important structural changes will be complemented by significant new resources and additional ex...More Button

The Government also believes that further radical action is necessary to stabilise the banking system and ensure the supply of credit to the real economy. Cleansing and repairing the banks’ balance s...More Button

The cost of servicing this debt will be offset, as far as is practicable, from income accruing from the assets of the new agency. The debt will be repaid from funds raised through the realisation of ...More Button

No. The amount paid by the agency will be significantly less than this to reflect the loss in value of the properties. In the longer term, if the agency were to fall short of recouping all of the co...More Button

The Government also intends, in line with its previous indication, to put a State guarantee in place for the future issuance of debt securities with a maturity of up to five years. This access to lon...More Button

Our economy must return to being driven by sustainable export-led growth, rather than by domestic demand. To do so our price and cost structure must fall relative to our trading partners. Private se...More Button

Minimising the level of joblessness is crucial to the Government’s integrated approach. More Button

The Government can help with the process of supporting employment by a redirecting of the NDP to support employment and enterprise. The broad cost of each thousand people who lose their jobs is now e...More Button

In our short history as a nation, we have demonstrated our capacity to overcome economic adversity. We have worked together to build this economy into one of the most successful in the world. We mus...More Button

We are asking this House and the people we represent to work with us in its implementation. I commend these measures to the House.More Button

Financial Resolution No. 10: Stamp Duties.

Question put: “That Financial Resolution No. 5 be agreed to.”
Yes IndicatorVoted Yes More Button

Question put: “That Financial Resolution No. 6 be agreed to.”
Yes IndicatorVoted Yes More Button

Question put: “That Financial Resolution No. 7 be agreed to.”
Yes IndicatorVoted Yes More Button

Question put: “That the motion on Financial Resolution No. 8 be agreed to.”
Yes IndicatorVoted Yes More Button

Question put: “That Financial Resolution No. 9 be agreed to.”
Yes IndicatorVoted Yes More Button

Question put.
Yes IndicatorVoted Yes More Button

Written Answers - Flood Relief.

Was asked: if funding has been set aside for flood protection in Bray, County Wicklow; when the scheme will be implemented; and if he will make a statement on the matter. More Button

Written Answers - State Companies.

Was asked: the State owned and State partially owned companies here; and if he will make a statement on the matter. More Button

Was asked: if he will list all State owned and State partially owned companies here; and if he will make a statement on the matter. More Button

I propose to take Questions Nos. 31 and 61 together. I assume that the Deputy’s question refers to bodies with a commercial mandate: a list of such bodies is set out as follows. The list refers to bod...More Button

Written Answers - Banking Sector.

Was asked: if he had knowledge, discussions or meetings with persons pertaining to the stockbroking division of a bank (details supplied); and if he will make a statement on the matter. More Button

Was asked: if he received a copy or correspondence relating to an audit report (details supplied); and if he will make a statement on the matter. More Button

I propose to take Questions Nos. 32 and 33 together. The Financial Regulator has informed me that on 19 October 2001 AIB Capital Markets plc in accordance with the obligations imposed in the Central B...More Button

Written Answers - Tax Code.

Was asked: his views on reducing the €250 donation threshold above which charities can claim tax back in an effort to address the shortfall in funding experienced by charities involved in overseas development. More Button

Section 848A of the Taxes Consolidation Act 1997 allows tax relief on donations made by either individuals or corporate bodies to eligible charities and other approved bodies, including first and seco...More Button

Written Answers - Departmental Funding.

Was asked: if he will support a matter (details supplied). More Button

I have noted the proposal regarding the Global Disaster Funding Bank Corporation, however I cannot support it. At this time of unprecedented economic and financial crisis, it is imperative that we re...More Button

Written Answers - Pension Provisions.

Was asked: his proposals to exempt from the pension levy persons who have paid 40 years constant contribution to their pension scheme but because they are not yet 65 years are required to make pension contribut...More Button

The pension related deduction has been introduced as one of a range of measures required to help address the economic crisis, including the serious imbalance in the Exchequer finances. The deduction a...More Button

Written Answers - Tax Code.

Was asked: when the Revenue Commissioners on-line service will provide an on-line facility for payment of the new income levy for businesses and individuals who make their returns to the Revenue Commissioners t...More Button

As the Deputy will be aware the income levy is effective from 1 January 2009. I am advised by the Revenue Commissioners that the arrangements for the introduction of the Income Levy were focused on li...More Button

Written Answers - Credit Ratings.

Was asked: his views on the recent downgrade of Irish sovereign debt from AAA to AA+ by a company (details supplied); if he will provide an estimate as to the expected effect this will have on funding costs for...More Button

The National Treasury Management Agency (NTMA) have advised me that it is not possible at this stage to quantify the effect of the downgrade on funding costs. Yields have been falling recently from th...More Button

Written Answers - Pension Provisions.

Was asked: his views in regard to a submission by a person (details supplied) in County Kildare; if there are plans to address the issue as stated; if so, the timescale of such plans; and if he will make a stat...More Button

Was asked: if he will provide an exemption from the pension levy for research staff who are employed on fixed term non-permanent contracts dependent on external funding; his views on whether staff who are witho...More Button

Was asked: if he will clarify the position of a large number of university research staff who must pay the pension levy although they are employed on fixed term or non-permanent contracts which are contingent o...More Button

Was asked: if, with respect to the public sector pension levy, public sector workers, such as researchers, for instance, employed on fixed term or short term contracts are excluded from paying the public sector...More Button

I propose to take Questions Nos. 39, 43, 46 and 55 together. Public servants who are members of public service pension schemes are liable to pay the pension-related deduction legislated for in the Fin...More Button

Written Answers - Tax Code.

Was asked: if he has received representations with regard to tax relief for trade union subscriptions in the past three years; the source of the representation; the approximate date of representation; the detai...More Button

Section 472C of the Taxes Consolidation Act 1997 provides for tax relief in respect of trade union subscriptions. The tax relief is currently capped at €350. This is the equivalent of a tax credit t...More Button

Written Answers - Tax Collection.

Was asked: further to Parliamentary Question No. 97 of 12 February 2009 if he will estimate the amount that would be raised by an income levy applied as 20% on all income up to €40,000, 30% on income from €40,0...More Button

I am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to 2009, from the changes mentioned by the Deputy is estimated to be of the order of €22.4 ...More Button

Was asked: further to Parliamentary Question No. 97 of 12 February 2009, if he will estimate the amount that would be raised by an income levy applied as 20% on all income up to €50,000, 30% on income from €50,...More Button

I am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to 2009, from the changes mentioned by the Deputy is estimated to be of the order of €20.7 ...More Button

Written Answers - EU Directives.

Was asked: the time-line for the transposition of the Payments Services Directive into law here; the person who is the competent authority for the management of this process; if the process of drafting the rele...More Button

Was asked: when the payment services directive will be transposed here; the reason there has been a delay; if he is confident he will have the necessary legislation in place before November 2009; and if he will...More Button

I propose to take Questions Nos. 44 and 45 together. I refer the Deputies to the answer to Question No. 158 of 31 March 2009. The Payment Services Directive (PSD) provides the necessary legal framew...More Button

Written Answers - Pension Provisions.

Was asked: if further consideration has been given to the possible transfer to the Exchequer of the assets and liabilities of pension funds from State agencies or other public or semi-public bodies; if he views...More Button

Discussions have been progressing satisfactorily with the trustees and administrators of the funded pension schemes of the five older universities and certain non-commercial semi-State bodies (IDA, SF...More Button

Written Answers - Tax Collection.

Was asked: the amount the income levy has raised in each month since its introduction; the measures that have been taken to track the volume of revenue raised by the levy specifically, as opposed to the amount ...More Button

I am advised by the Revenue Commissioners that the monthly apportionment between payments of PAYE tax and Income Levy for the 2009 tax year is determined by applying a breakdown formula derived from a...More Button

Written Answers - Banking Sector.

Was asked: if he, as the sole member and shareholder of Anglo Irish Bank, has sought assurances from the bank or from individuals and entities involved in loan transactions of an amount greater than €250 millio...More Button

As the Deputy will be aware, Anglo Irish Bank is being run on an arms length commercial basis. Consequently, normal commercial matters, which include those relating to credit management and control, a...More Button

Was asked: if there were unusual transactions of a significant amount involving Anglo Irish Bank in the period from 1 to 21 January 2009; and if he will make a statement on the matter. More Button

As the Deputy will be aware, the Government took the decision to take Anglo Irish Bank into public ownership with effect from 21 January 2009, in order to stabilise the bank and ensure financial stabi...More Button

Written Answers - Pension Provisions.

Was asked: if he will confirm that the proposed pension levy for public servants will be paid directly into the National Pensions Reserve Fund; the expected yield from this levy; and if this levy is not to be p...More Button

The pension related deduction element of the payroll saving will be €1.35 billion in a full-year and €1.12 billion in 2009 based on the provisions of the Financial Emergency Measures in the Public Int...More Button

Was asked: the schedule and amounts of payments which he proposes to make into the National Pensions Reserve Fund during 2009. More Button

The National Pensions Reserve Fund Act 2000 provides for an annual contribution from the Exchequer to the National Pensions Reserve Fund equivalent to 1% of GNP. The amount to be paid in respect of 2...More Button

Written Answers - Tax Collection.

Was asked: the Exchequer returns for each of the years 2000 to 2008; the percentage increase or decrease as appropriate; the expenditure for those same years; and the percentage increase or decrease in tabular ...More Button

The audited Exchequer Account is published each year in the Finance Accounts, the most recent of which covers the year 2007. Monthly Exchequer Statements are published on the Department’s website and...More Button

Written Answers - Departmental Staff.

Was asked: the payments made to senior officials in his Department under the performance related pay scheme for each of the years 2005 to 2008, inclusive; if he has approved the payments for 2008; if so, the da...More Button

I presume that the Deputy is referring to the scheme which, in the civil service, applies at the levels of Deputy and Assistant Secretary. The scheme of awards is based on performance by reference to...More Button

Written Answers - Tax Code.

Was asked: if, with respect to his reply to Parliamentary Question No. 143 of 31 March 2009, he will set out the interpretation of the Valuation Act 2001 in circumstances in which a sports club has more than on...More Button

At the outset, I might mention that the Commissioner of Valuation is independent in the exercise of his duties under the Valuation Act, 2001 and the making of valuations for rating purposes is his sol...More Button

Written Answers - Redundancy Payments.

Was asked: if, in view of the fact that the 60% statutory redundancy rebates to employers who made staff redundant in the economic downturn are running four months overdue and jeopardising small businesses, suc...More Button

I presume that the Deputy is referring to the 60% statutory redundancy rebates that the Department of Enterprise, Trade and Employment administer. Taxes paid by employers include tax levied directly o...More Button

Written Answers - Departmental Expenditure.

Was asked: the cost of providing mobile telephony and PDA services for him in each of the years since 2002, broken down by handset purchase costs, rental and call costs, and other costs; the amount of money whi...More Button

The table sets out the details requested by the Deputy in respect of handset purchase and rental and call costs. There were no other costs. Since mid 2008, my Department pays a fixed monthly sum for ...More Button

Written Answers - State Agencies.

Was asked: if the cap on executive pay in the banking sector will apply to the position of chief executive of the National Treasury Management Agency, which is reported to carry a remuneration package of €980,0...More Button

The remuneration packages of all National Treasury Management Agency staff, including that of its CEO, are negotiated on an individual contract basis and are confidential. According to the National T...More Button

Written Answers - Loan Repayments.

Was asked: if he will confirm if any Government Minister has had loans written off by a building society (details supplied); and if a Government Minister has received fast track loans from the building society....More Button

The building society referred to by the Deputy is an independent financial institution operating on a commercial basis. I have no role in the lending or credit policy of this Society. More Button

Written Answers - Departmental Staff.

Was asked: the number of staff with fewer than two years service on 1 March 2009 who gave notice to terminate their employment before 1 April 2009 under section 5 of the Financial Emergency Measures in the Publ...More Button

No staff in my Department or Offices under the aegis of my Department gave notice to terminate their employment before 1 April 2009 under Section 5 of the Financial Emergency Measures in the Public In...More Button

Was asked: the number of people working in the public service under temporary employment contracts on a fixed term basis who will lose their jobs as a consequence of the non-renewal of those contracts due to th...More Button

The expiry of a fixed term contract is determined by the terms of that contract. The decision as to whether to renew such a contract depends on a number of grounds, including the existence of objecti...More Button

Written Answers - Tax Code.

Was asked: if office holders, including Ministers, who have a State car and drivers at their disposal pay benefit-in-kind as a consequence; and if he will make a statement on the matter. More Button

I am informed by the Revenue Commissioners that the law governing benefit-in-kind in respect of company cars is set out in Section 121 of the Taxes Consolidation Act 1997. The section provides that t...More Button

Written Answers - Pension Provisions.

Was asked: the reason public service staff were deducted a days pay in respect of industrial action yet had to pay the pension levy for five days; and if he will make a statement on the matter. More Button

The pension related deduction applies to income earned by public servants on or after 1 March 2009. Should any over-deductions have been made in individual cases in respect of industrial action taken...More Button

Written Answers - EU Budget Payments.

Was asked: the contribution of payment made by the State to the European Community under the Community own resource provisions in each year from 1993 to date in 2009, including the proposed payment for 2009, wi...More Button

The information requested by the Deputy is set out in the table. Breakdown of EU Budget Payments1 1Rounding may effect totals. 1Rounding may effect totals.2The category “Other” includes customs duties...More Button

Written Answers - Departmental Expenditure.

Was asked: the gross expenditure by the State each year from 1993 to date in 2009 including the proposed expenditure for 2009. More Button

The table shows gross total Voted and non-Voted expenditure. The gross Voted expenditure figures between 1993 and 2007 are taken from the Appropriation Account for the relevant years. Non-Voted expen...More Button

Written Answers - EU Budget Payments.

Was asked: the payments by the EC to the State in each year from 1993 to date in 2009 including the proposed payments for 2009, with the breakdown of these payments into different categories and sectors. More Button

The information requested by the Deputy is set out in the table.More Button

Written Answers - Budgetary Proposals.

Was asked: if, in the context of correspondence (details supplied), he will ensure that small businesses do not suffer additional burdens in the forthcoming budget, such as increasing the price of diesel, which...More Button

As this question relates to potential Budgetary measures, I do not propose to comment in advance of the Supplementary Budget.More Button

Written Answers - Tobacco Industry.

Was asked: his views in relation to a submission (details supplied); the actions proposed to address the concerns expressed; and if he will make a statement on the matter. More Button

The Irish Tobacco Manufacturers’ Advisory Committee (ITMAC) is already in ongoing contact with the Office of the Revenue Commissioners in relation to this matter; and a meeting with Revenue was held i...More Button

Written Answers - Tax Refunds.

Was asked: if a person (details supplied) in County Kildare qualifies for a tax refund; and if he will make a statement on the matter. More Button

I have been advised by the Revenue Commissioners that the taxpayer is jointly assessed with her spouse for income tax purposes. A review of their joint liability for 2008 has been carried out and P21...More Button

Written Answers - Tax Code.

Was asked: the full allowances and tax credits in the case of a person (details supplied) in County Kildare; and if he will make a statement on the matter. More Button

I have been advised by the Revenue Commissioners that the taxpayer has the following tax credits; Personal Tax credit €1,830, PAYE Tax credit €1,830 and Trade Union Subscriptions Tax credit €70 making...More Button


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