Noonan, Michael

Thursday, 19 July 2012

Dáil Éireann Debate
Vol. 773 No. 3

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Written Answers - Credit Review Office

Was asked: if he has plans to review the effectiveness of the Credit Review Office; if he will provide details of any such review; and if he will make a statement on the matter. More Button

The independent Credit Review Office (CRO) was set up under statute (SI 127 of 2010) and reviews decisions of the pillar banks to refuse credit facilities as well as undertaking other activities to as...More Button

Written Answers - Tax Reliefs

Was asked: if approval given by Fáilte Ireland to a company (details supplied) of development and marketing plan under section 495(6) of the Taxes Consolidation Act 1997 for the purpose of applying for relief u...More Button

I am informed by the Revenue Commissioners that the company in question applied for outline approval to raise investments under the Business Expansion Scheme (BES) on 30 November 2006. As required, a ...More Button

Written Answers - Tax Code

Was asked: if he intends continuing the land leasing tax exemption as this improves land mobility and efficiency of land use. More Button

Relief for certain income from long-term leasing of agricultural land is currently provided for under section 664 of the Taxes Consolidation Act 1997. The exemptions are available to all landowners o...More Button

Written Answers - State Agencies

Was asked: the position regarding plans to establish NewERA; and if he will make a statement on the matter. More Button

In September 2011 the Government announced the establishment of the New Economy and Recovery Authority (NewERA) within the National Treasury Management Agency (NTMA). NewERA will centrali...More Button

Written Answers - EU-IMF Agreement

Was asked: the rate of interest on Ireland’s repayments to the EFSF; and the way this compares with the rate of interest being offered to Spain. More Button

The interest rates on the loans from the EFSF drawn down to date are shown in the following table: 1. A prepaid margin of €0.53 billion was deducted from the loan of €4.19 billion drawdown on 1 Februa...More Button

Written Answers - Personal Insolvency Bill

Was asked: if, further to Parliamentary Question No. 114 of 5 July 2012, if it is the case that the Personal Insolvency Bill was discussed with representatives of the banks in the period between it being approv...More Button

Following the publication of the Personal Insolvency Bill and the associated media briefing on 29 June, officials from the Department of Justice and Equality (which has primary functional responsibili...More Button

Written Answers - National Asset Management Agency

Was asked: the budgeted costs for the National Asset Management Agency advisory board in 2012 and 2013; the broad headings of expenditure under which these costs will be incurred; if there is support being prov...More Button

My department has budgeted costs in the region of €40,000 to cover the hotel, travel and subsistence costs of the advisory group for 2012 and the cost budget for 2013 has not yet been completed. As pr...More Button

Was asked: the qualifications and experience of the National Asset Management Agency advisory board with respect to the Irish property markets. More Button

I may remind the Deputy that the NAMA Advisory Group has been set up to advise me in the following areas: The strategy of NAMA. The appointment of direc...More Button

Was asked: his recent statements regarding ongoing negotiations of the State’s bank debt with the EU, the consideration that has been given to seeking to limit the cost of any potential overall loss at the Nati...More Button

NAMA has been tasked with maximising its return on behalf of the Irish taxpayer. NAMA recently reaffirmed its expectation that the Agency will recoup for the taxpayer the Senior Bonds in issue as well...More Button

Written Answers - Bank Debt Restructuring

Was asked: the current quantum of non-central bank interbank lending to Irish Life & Permanent; when it falls due for repayment; and in relation to ILP’s debt securities in issue, if he will advise the month or...More Button

As at 31 December 2011, and as outlined in Note 22 to the 2011 annual report and accounts of Irish Life and Permanent, there was €2.7 billion of lending from banks and institutions outstanding. This l...More Button

Was asked: if he will provide a schedule of assets or portfolios of assets presently being offered for sale by Allied Irish Banks, Educational Building Society, Irish Bank Resolution Corporation and Irish Life ...More Button

As you will be aware as part of the Central Bank’s Financial Measures Programme the three PLAR banks are required to deleverage €70bn of assets by 31 December 2013. Of this they are required to active...More Button

Written Answers - Tax Code

Was asked: the position regarding correspondence (details supplied); and if he will make a statement on the matter. More Button

Firstly, I would like to apologise to the Deputy for the delay in replying to previous correspondence requesting that consideration be given to introducing some type of tax allowance to alleviate the ...More Button

Written Answers - Tax Yield

Was asked: the VAT revenue realised, in the past three years, from off-licence and off-sales; the VAT revenue realised from the public house and on-trade sales; and if he will make a statement on the matter. More Button

I am informed by the Revenue Commissioners that Revenue does not keep statistics on quantities of alcohol sold and there is no information available regarding on or off premises sales, as tax receipts...More Button

Written Answers - Tax Code

Was asked: if he has considered a levy on the purchase of slabs of drink from off-sales outlets; and if he will make a statement on the matter. More Button

As the Deputy will be aware, a National Substance Misuse Strategy was established in 2009. Its report in 2012 made recommendations in relation to the development of policy to deal with a wide range of...More Button

Written Answers - Bank Branch Closures

Was asked: if he or the Central Bank of Ireland has received proposals for branch closures from the covered institutions; if he will provide a breakdown of the number of closures proposed for each covered insti...More Button

As I have stated previously, the Deputy will appreciate that it is an inevitable, but unfortunate, consequence of the necessary restructuring of the banking system that job losses will arise [and bran...More Button

Written Answers - Liquor Licences

Was asked: if he will provide details of the number of validly renewed alcohol licences in the off-trade and on-trade for each of the years 2009, 2010, 2011 and to date in 2012; and if he will make a statement ...More Button

I am informed by the Revenue Commissioners that the number of licences, for the sale of alcohol for consumption both “on” and “off” premises, for each of the calendar years 2009 through 2012 to date, ...More Button

Written Answers - Financial Services Regulation

Was asked: the position regarding the Central Bank of Ireland investigations into possible mis-selling of payment protection insurance by regulated entities; if he will confirm the scale of the problem; and whe...More Button

I have been advised by the Central Bank that, arising from their latest inspection into the sale of Payment Protection Insurance, the Bank has identified a number of concerns. The inspection was carr...More Button

Written Answers - Tax Yield

Was asked: the amount of money received in 2012 from the levy imposed on private pension funds; and if he will provide a breakdown of the way that revenue is to be spent in 2012. More Button

The latest date by which payment of the temporary levy on funded pension schemes and personal pension plans introduced in 2011 to fund the Jobs Initiative must be made is 25 September each year. I am ...More Button

Written Answers - National Asset Management Agency

Was asked: if he will provide details of the number of court cases that the National Asset Management Agency has taken or plans to take to secure reversal of asset transfers by NAMA debtors which the agency bel...More Button

I am advised that NAMA is currently pursuing a number of cases in the Courts to effect the reversal of asset transfers by NAMA debtors that appear to have been designed to put the assets beyond the re...More Button

Was asked: if he will provide details of the number of inquiries and formal applications made to the National Asset Management Agency by debtors and tenants for a rent reduction since the issuing by NAMA of the...More Button

I am advised by NAMA that to the end of May 2012 it had received 194 eligible applications from its debtors for rent abatement. 145 applications had been approved, four were refused and the remaining...More Button

Written Answers - Mortgage Arrears

Was asked: if he will provide a progress report on the implementation of the Keane report on mortgage arrears. More Button

Last October the Government published the Report of the Inter-Departmental Working Group on Mortgage Arrears (“Keane Report”) and the implementation of its recommendations is now a significant part of...More Button

Written Answers - Sovereign Debt

Was asked: if his attention has been drawn to the amount of Irish sovereign debt purchased in the secondary markets that is held by the European Central Bank; if Ireland has requested a write-down of these bond...More Button

Was asked: the analysis within his Department, the National Treasury Management Agency or Central Bank that has been carried out on European Central Bank holdings of Irish sovereign bonds purchased under the se...More Button

I propose to take Questions Nos. 69 and 70 together. There has been speculation for some time now about the extent of the European Central Bank’s (ECB) purchases of sovereign debt on the secondary mar...More Button

Written Answers - Banking Sector Regulation

Was asked: the position regarding the reports completed by a company (details supplied) into certain corporate governance matters at the former Irish Nationwide Building Society; if the reports have been referr...More Button

I have been advised that confidential and legally privileged reports in relation to Irish Nationwide Building Society (INBS) have been provided to the Central Bank of Ireland (CBI) as the relevant reg...More Button

Written Answers - National Treasury Management Agency

Was asked: if he will provide details of the number of persons employed by the National Treasury Management Agency, showing the details for National Asset Management Agency staff separately, who received bonus ...More Button

I have been informed by the National Treasury Management Agency (NTMA) that the members of the NTMA senior management team waived any consideration for performance-related pay in respect of 2011 (as t...More Button

Written Answers - Bank Guarantee Scheme

Was asked: if he will show separately for each covered institution the amount of senior bonds, presenting figures separately for secured and unsecured, repaid since the original bank guarantee of September 2008...More Button

The amount of senior bonds, secured and unsecured, repaid since the original bank guarantee of September 2008 to date in 2012 and the amount that remain unpaid at present are shown in the table below:...More Button

Was asked: the amount of losses that have been imposed to date on subordinated bondholders at the covered institutions since the introduction of the original bank guarantee in September 2008; and if he will mak...More Button

In aggregate, the losses imposed to date on subordinated bondholders at the covered institutions since the introduction of the original bank guarantee in September 2008 is €13.9bn. The total gains fro...More Button

Written Answers - Exchequer Deficit

Was asked: his estimate, based on all currently available information, including the projected deficits for 2013, 2014 and 2015 set out in the recent stability programme update and the maturity of Government bo...More Button

The most recent Exchequer deficit estimates for the years 2013-2015 were presented in the April 2012 Stability Programme Update. They are also set out in the table below. The National Treasury Manage...More Button

Written Answers - Tax Code

Was asked: the cost to the Exchequer of each of a 5 cent, 10 cent and 20 cent reduction in tax excise and VAT included on consumer liquid motor fuels. More Button

I am advised by the Revenue Commissioners that the annual cost to the exchequer of the changes mentioned in the question are estimated as follows: It should be noted that maximum decrease permissable ...More Button

Written Answers - Tax Reliefs

Was asked: the estimated saving that would accrue to the Exchequer in a full year if tax relief on charitable donations as restricted to the standard rate instead of the marginal rate; and if he will make a sta...More Button

I am advised by the Revenue Commissioners that the full year saving to the Exchequer from standard rating the income tax relief for donations to charities and other approved bodies would be of the ord...More Button

Was asked: the estimated savings that would accrue to the Exchequer if educational institutions or bodies including primary, second level or third level, were no longer eligible for the scheme of tax relief for...More Button

Section 848A of the Taxes Consolidation Act 1997 provides for a scheme of tax relief for donations to eligible charities and other approved bodies. The precise arrangements for allowing tax relief on ...More Button

Was asked: if he will provide a breakdown, by amount, of the registered eligible charitable institutions that claimed back tax relief on donations in 2010 and 2011; and if he will make a statement on the matter...More Button

Section 848A of the Taxes Consolidation Act 1997 provides a scheme for tax relief on donations to eligible charities and other approved bodies. The administration of the scheme is the responsibility o...More Button

Was asked: the annual cost from 2006 to 2011 of providing tax relief on charitable donations by PAYE workers; and if he will make a statement on the matter. More Button

Section 848A of the Taxes Consolidation Act 1997 (TCA 1997) provides for a scheme for tax relief on donations to approved bodies. The list of approved bodies for the purposes of section 848A, which i...More Button

Written Answers - Tax Collection

Was asked: the position regarding the re-opening of a business subject to historical debt owing to the Revenue Commissioners (details supplied); and if he will make a statement on the matter. More Button

I am advised by the Revenue Commissioners that by virtue of their obligation to observe taxpayer confidentiality they are not in a position to provide information on this matter. The Commissioners ha...More Button

Written Answers - National Pensions Reserve Fund

Was asked: the amount of funding left in the discretionary portfolio of the National Pensions Reserve Fund; if he will confirm his plans for this funding; and if he will make a statement on the matter. More Button

I am informed by the National Treasury Management Agency, as Manager of the National Pensions Reserve Fund (NPRF), that the total value of the Fund at 31 March 2012 was €15.1 billion and that the valu...More Button

Written Answers - Banks Recapitalisation

Was asked: if the issue of burden sharing with senior bondholders was raised by the ECB, in the context of the recapitalisation of the Spanish banking system, at the meeting of eurozone finance Ministers on 9 J...More Button

As the Deputy will be aware, the Euro Area Summit Statement of 29th June affirmed that it is imperative that the vicious circle between banks and sovereigns be broken. In addition, the Eurogroup Stat...More Button

Written Answers - Revenue Commissioners Investigations

Was asked: if he will provide details of the Revenue Commissioners’ investigation under way into a syndicate of almost 200 individuals using an intricate offshore tax avoidance scheme; if he will provide an ind...More Button

For reasons of taxpayer confidentiality the Revenue Commissioners do not comment on or provide information in relation to the tax affairs of any particular individual or group of individuals. However,...More Button

Written Answers - National Asset Management Agency

Was asked: the amount of fees incurred by the National Asset Management Agency in respect of the appointment of receivers to the National Asset Management Agency debtors in each of the years 2010, 2011 and to d...More Button

I am advised by NAMA that fees are not paid to receivers directly by banks or NAMA rather they are paid out of the proceeds of assets under receivership or the management thereof pending realisation. ...More Button

Written Answers - Banks Recapitalisation

Was asked: the values he or the National Pensions Reserve Fund place on the State’s share holding in any of the covered institutions; and if he will make a statement on the matter. More Button

I am informed by the National Treasury Management Agency, as Manager of the NPRF, that the total value of the National Pensions Reserve Fund (NPRF) at 30 June 2012 was €13.9 billion, made up as follow...More Button

Written Answers - Bond Markets

Was asked: when Ireland will return to the international bond markets in view of the IMF requirement that there must be certainty concerning the funding of a programme country at least 12 months in advance of w...More Button

I am informed by the National Treasury Management Agency (NTMA) that it is the stated intention of the Agency to return to the capital markets as soon as circumstances permit. The conditions to allow...More Button

Written Answers - Bank Debt Restructuring

Was asked: if he has set a target level down to which to bring Ireland’s debt to GDP ratio, as an outcome of the negotiations currently under way in respect of Ireland’s banking debt; and if he will make a stat...More Button

As I have stated on several occasions since the end-June euro area summit, including in responses to parliamentary questions and during last week’s press conference at the end of the latest EU/IMF qua...More Button

Written Answers - Departmental Correspondence

Was asked: if he has any plans to publish correspondence between his Department and the ECB in the autumn of 2010 dealing with the question of the then Irish Government’s efforts to impose losses on senior bond...More Button

I have no plans to publish records of the type mentioned in the Deputy’s question. It is normal practice for states to protect the confidentiality of deliberations with international bodies particular...More Button

Written Answers - Central Bank Investigations

Was asked: if he will provide a detailed update on the ongoing investigation by the Central Bank into certain matters at the former Anglo Irish Bank and the former Irish Nationwide Building Society; if he will ...More Button

The Central Bank has informed me as follows: Irish Nationwide Building Society Limited An investigation is being conducted under the Central Bank’s Administrative Sanctions Procedure into historic len...More Button

Written Answers - Economic Growth

Was asked: when he will officially review the growth forecast for 2012 and 2013; and if he will make a statement on the matter. More Button

The next official growth forecasts will be contained in the Department’s regular Autumn update and will set out the Government’s medium-term budgetary strategy. It is the first stage in a sequence of ...More Button

Written Answers - Revenue Commissioners Investigations

Was asked: if he will provide details of the number and overall value of civil court judgments secured by the Revenue Commissioners in respect of taxation liabilities in each of the years 2009, 2010, 2011 and t...More Button

I am informed by the Revenue Commissioners that the number and overall value of civil court judgments secured by the Revenue Commissioners in respect of tax liabilities is set out in the table below: ...More Button

Written Answers - Fiscal Policy

Was asked: his views on the overall composition of the fiscal adjustment in budget 2013, with a breakdown between capital and current spending and taxation measures, in view of the commitments in the memorandum...More Button

The overall level and composition between revenue and current and capital expenditure measures of the Budget 2013 fiscal adjustment was set out in last November’s Medium-Term Fiscal Statement and agai...More Button

Written Answers - Mortgage Arrears

Was asked: if he will provide details of the percentage of banks' mortgage books, including both owner-occupier and buy-to-let mortgages, in arrears of 90 days or more; and if he will make a statement on the ma...More Button

The percentage of the banks' mortgage books, including both owner occupier and buy-to-let mortgages, that are in arrears for 90 days or more and impaired has been included in the table below. The figu...More Button

Written Answers - Credit Unions

Was asked: if he will provide details of the recapitalisation of credit unions to date; if he is satisfied that the recapitalisation fund will be sufficient to withstand losses that the sector is facing; the po...More Button

There is currently no mechanism for the State to inject capital into credit unions, outside of the context of resolution. The Irish League of Credit Unions (ILCU) operates on an all-island basis a sav...More Button

Written Answers - Tax Code

Was asked: if he remains committed to honouring the programme for Government commitment not to increase income tax rates or to adjust bands or credits for the remainder of the lifetime of this Government. More Button

The position is as stated in the Programme for Government that as part of the Government’s fiscal strategy we will maintain the current rates of income tax together with bands and credits.More Button

Was asked: if he is concerned at the residence and issuance principles contained within the European Commission proposal for a financial transaction tax which are not considered in the Central Bank-ESRI assessm...More Button

The EU Commission’s proposed Financial Transactions Tax (FTT) is a residence based tax — that is, a transaction would be subject to the tax if one of the parties was a financial institution which is r...More Button

Written Answers - Programme for Government

Was asked: his priorities for the year ahead and the achievements from the programme for Government to date; and if he will make a statement on the matter. More Button

As the Deputy may be aware, my Department recently published its revised Statement of Strategy for 2012-2014. This document, which is available at on the Department’s website www.finance.gov.ie, sets ...More Button

Written Answers - Tax Code

Was asked: if he has any plans to equalise the duty rates between agricultural fuels and motor fuels and to introduce a reclaim system for agricultural fuel users; and if he will make a statement on the matter....More Button

It is assumed that the Deputy’s question envisages a movement away from the current system of marking of oil to which a reduced rate of tax applies to one in which certain users would be given refunds...More Button

Written Answers - Departmental Banking

Was asked: the reason Government Departments including the Department of Health continue to have their banking business with UK banks when banks bailed out and supported by the tax payer such as AIB and Bank of...More Button

The only role my Department has in this matter is that the Department of Health sends instructions to my Department requesting the transfer of funds to its EFT/Public Bank Accounts for the purposes of...More Button

Written Answers - Bank Codes of Conduct

Was asked: if he will outline, for each covered institution, the bank's policy in regard to the acceptance of gifts or hospitality by its senior management from the bank’s debtors; the policy of the Central Ban...More Button

It is my Department’s policy to comply with the provisions of the Ethics in Public Office Acts 1995 and 2001. These acts apply to Public Servants who hold positions whose maximum salary is not less th...More Button

Written Answers - Bank Debt Restructuring

Was asked: if he is reassured that IBRC is using every possible opportunity, with particular regard to the review and renewal of loan agreements, to ensure the maximum security is put in place in respect of the...More Button

IBRC has advised me that there is a rigorous credit review and approval process in place for personal debtors of IBRC. This process covers establishing the true financial position of a borrower via a ...More Button

Written Answers - Mortgage Interest Rates

Was asked: if he will raise with the EBS the need to pass on the recent interest rate cuts to EBS mortgage policy holders; and if he will make a statement on the matter. More Button

As the Deputy will be aware, the Bank’s policy in relation to lending rates is a matter for the management and board of the institution. I have no role in the day-to-day commercial and operational dec...More Button

Was asked: if any action is being taken to ensure that a financial institution (details supplied) has passed on all recent ECB interest rate cuts to hard-pressed mortgage holders; and if he will make a statemen...More Button

The lending institutions in Ireland are independent commercial entities. Ultimately the pricing of financial products, including standard variable mortgage interest rates, is a commercial decision for...More Button

Written Answers - Credit Unions

Was asked: the supports available to the credit union sector to compensate for loan losses; and if he will make a statement on the matter. More Button

It is the responsibility of each credit union to make sure that it makes adequate provision in its accounts for bad or doubtful debts to ensure that it is sufficiently funded to cover loan losses. Cr...More Button

Written Answers - Tax Code

Was asked: his views on the introduction of a financial transactions tax. More Button

At the most recent ECOFIN meeting on Friday 22 June, it became clear that EU-wide agreement would not be reached on the Commission’s proposed Financial Transactions Tax (FTT). Those countries that wa...More Button

Written Answers - Tax Reliefs

Was asked: if there are any bands of income that avoid paying the minimum rate of tax; and if he will make a statement on the matter. More Button

I understand that the Deputy is referring to the restriction on the use of reliefs by high income individuals which was introduced with effect from 2007. As indicated in my reply of 17 November 2011,...More Button

Written Answers - Tax Collection

Was asked: the approximate number of income tax cases for which no income tax liability will arise in 2012; the proportion of all income tax cases this represents; and if he will make a statement on the matter....More Button

I am advised by the Revenue Commissioners that the information requested by the Deputy is as follows, in respect of the income tax year 2012: Projected Distribution of Income Earners for 2012 Numbers ...More Button

Was asked: the persons registered for payment of the domicile levy; his views on the operation of the tax; and if he will make a statement on the matter. More Button

The Domicile Levy was introduced in Finance Act 2010. I am informed by the Revenue Commissioners that the first returns and payments for tax year 2010 were due to be filed by 31 October 2011 or 15 No...More Button

Written Answers - Fuel Laundering

Was asked: the progress made to date in relation to tackling the illegal sale of diesel; and if he will make a statement on the matter. More Button

I am informed by the Revenue Commissioners, who have responsibility for the collection of mineral oil tax and for tackling the illicit trade in mineral oil products, that they are acutely aware of the...More Button

Written Answers - Tobacco Smuggling

Was asked: if he is satisfied that the Revenue Commissioners have sufficient resources to combat tobacco smuggling; the progress made to date in tackling the problem; and if he will make a statement on the matt...More Button

I am informed by the Revenue Commissioners who are responsible for the collection of tobacco products tax, and for tackling the illicit trade in cigarettes and tobacco products, that the tackling of t...More Button

Written Answers - Equality Issues

Was asked: if he has considered undertaking an equality audit of budget 2012, with a particular emphasis on gender, in order to assess the ways in which the budget has impacted upon different sections of Irish ...More Button

Was asked: if he intends to follow international best practice by undertaking gender impact assessments during the development of budget 2013; if gender impact assessments of budget 2012 will inform budget 2013...More Button

Was asked: the reason the tax increases and public expenditure cuts which made up budget 2012, impacted differently on men and women; and if he will make a statement on the matter. More Button

I propose to take Questions Nos. 112 to 114, inclusive, together. With regard to budgetary matters, when focusing on the primary objectives of reducing the deficit and returning the public finances ...More Button

Written Answers - Departmental Expenditure

Was asked: if he will provide details on moneys provided under any funding scheme by any section of his Department or any State agency under his Department’s aegis to any group, scheme or project in County Meat...More Button

In the period in question no moneys were provided by my Department or bodies under the aegis of my Department to any group, scheme or project in County Meath.More Button

Written Answers - Ministerial Advisers

Was asked: if he will provide a list of all special advisers appointed by him or his Ministers of State since March 2011 whose salary exceeds the first pay point of the principal officer standard scale; the spe...More Button

In my Department, I have appointed Mary Kenny and Eoin Dorgan as special advisors. The salary for both special advisors has been €83,337 per annum since their appointment. No salary increases have be...More Button

Written Answers - Departmental Agencies

Was asked: the annual saving to the Exchequer if all board members fees paid to agencies under his aegis were cut by 25%, 35% and 50%. More Button

In response to the Deputy’s question the following table gives of the savings to be achieved if fees to board members were cut: Savings resulting from cuts in fees In relation to National Treasury Man...More Button

Was asked: the annual saving to the Exchequer if the pay of all CEOs of State agencies under his aegis were capped at €100,000. More Button

In response to the Deputy’s question the following table gives details requested by the deputy: Savings on Pay of CEO’sMore Button

Written Answers - Departmental Expenditure

Was asked: if he will provide in a tabular form, a list of all professional fees including but not limited to legal, consultancy, IT related, advisory, advertising, and accountancy; the company name and the amo...More Button

The information requested by the Deputy could not unfortunately be collated in the time available. My Department will respond directly to the Deputy as soon as possible.More Button

Written Answers - Departmental Staff

Was asked: the cost to the Exchequer for the provision of agency staff in his Department or State agencies under his aegis. More Button

My Department has not engaged agency staff. In respect of bodies under the aegis of my Department I have been informed by the National Treasury Management Agency (NTMA) that it has employed agency sta...More Button

Written Answers - Public Private Partnerships

Was asked: if he will provide, in tabular form, a list of his Department's public private partnership projects in payment; the name of the project; the capital cost of the project and the total projected amount...More Button

My Department does not have any public private partnership projects in payment.More Button

Written Answers - Departmental Contracts

Was asked: if he will provide, in tabular form, details of public service provision responsibilities of his Department outsourced to the private sector; and the cost of each service outsourced over the past 12 ...More Button

In the period in question my Department has not outsourced any service to the private sector.More Button

Written Answers - Departmental Expenditure

Was asked: if he will provide a list of all current time-related savings-delayed spending of budget 2012 allocations on staff and or resources in his Department. More Button

The table below details the current time related savings and/or delayed spending of the Budget 2012 allocation in relation to my Department as at 30 June 2012:More Button

Written Answers - Legislative Programme

Was asked: the legislative changes made after the banking crisis here; and if he will make a statement on the matter. More Button

The table sets out the main legislative provisions related to the banking crisis enacted since August 2008 together with descriptions of their purposes:More Button

Written Answers - Departmental Agencies

Was asked: if he will provide a list of State agencies under his aegis; and the annual cost of each agency to the Exchequer. More Button

The information requested by the Deputy is contained in the table: Bodies funded by the exchequer *Estimated cost in respect of 2012.More Button

Written Answers - Departmental Staff

Was asked: the number of retired civil or public servants who have been rehired by his Department since March 2012; their positions and accompanying salaries. More Button

Was asked: the number of retired civil or public servants who have been retained by his Department since March 2012 on a short term contract or on a consultancy basis where normal abatement rules to not apply. More Button

I propose to take Questions Nos. 126 and 127 together. Since March 2012 to date, no civil or public servant has been rehired by my Department.More Button

Written Answers - Departmental Expenditure

Was asked: if he will provide details of his telecommunications services budget in 2012. More Button

In response to the Deputy’s question my Department provides telecommunications services to both my own Department and the Department of Public Expenditure and Reform. In 2012 €322,000 has been allocat...More Button

Written Answers - Banks Recapitalisation

Was asked: if he will provide Allied Irish Banks' outstanding maturity schedule of bonds; and if he will make a statement on the matter. More Button

I refer the Deputy to the tables below that set out AIB’s schedule for Secured and Unsecured Senior Bonds. I am informed by AIB that the Bank has a planned term issuance schedule that will refinance ...More Button

Written Answers - Economic Growth

Was asked: the reason the Central Statistics Office in 2012 has revised the GDP projections for 2009 and 2010; if he will outline the impact of the revisions published by the CSO on the end of year General Gove...More Button

Revisions to historical GDP outturns are standard practice, particularly for the more recent years' figures. The Central Statistics Office (CSO) has informed me that the main reason for the revision t...More Button

Written Answers - Pension Provisions

Was asked: if he will hold discussions with the pension industry with a view to securing a reduction in the fees charged or management and administration of pension funds as a means of offsetting the negative e...More Button

A working group was established last year to examine charges in the pensions industry. The group is chaired by the Department of Social Protection with representatives of the Central Bank and the Pens...More Button

Written Answers - Mortgage Applications

Was asked: the number of persons who have applied for residential mortgages to the banks each year for the past five years; the number of approvals; the corresponding numbers to date in 2012; and if he will mak...More Button

Unfortunately, it has not been possible to get the information from the covered institutions in the timeframe allowed by the Question. I will write to the Deputy in the near future with information pr...More Button

Was asked: the current duration for which mortgage approval is valid once granted for each of the covered banks; and if he will make a statement on the matter. More Button

The covered Banks have supplied me with the following information regarding mortgage approval durations. In the case of IBRC residential mortgages are no longer offered. For AIB, the current mortgage...More Button

Written Answers - European Stability Mechanism

Was asked: when Ireland will make its first capital contribution to the European Stability Mechanism; the size of the contribution; the way it will be funded; the dates on which future contributions are due to ...More Button

The capital structure of the European Stability Mechanism (ESM) is set out in the ESM Treaty which was signed by Euro Area Member States on 2 February 2012. To obtain the highest possible credit ratin...More Button

Written Answers - Economic Growth

Was asked: if he is concerned by the contraction in GNP over the past three quarters; the implications of this trend for employment and future taxation revenue; and if he will make a statement on the matter. More Button

I note the Deputy’s concerns regarding the recent contraction in GNP. As has been well documented, Ireland’s economic recovery will be export led. This is how growth in a small open economy such as ...More Button

Written Answers - Departmental Staff

Was asked: the number of sick days taken by staff in his Department in 2009, 2010 and 2011; the average number of sick days per staff in total across his Department and broken down by Department section in 2009...More Button

The absenteeism rate for the Department of Finance from January to end June 2009 was 3.09%. The absenteeism rate for July to end December 2009 was 2.99%. These figures are inclusive of those on long ...More Button


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