Results 281-300 of 1,044,071 for in 'Dáil debates' OR (speaker:Claire Kerrane OR speaker:Patrick Costello OR speaker:Gary Gannon OR speaker:Stephen Donnelly OR speaker:Neale Richmond OR speaker:Aindrias Moynihan OR speaker:Martin Browne OR speaker:Jack Chambers) in 'Committee meetings'
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: Yes, correct.
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: We will set out the mechanics of that on budget day and how we propose to use it to address those three key priority areas.
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: I will set that out on budget day.
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: This is proceeds that we have received from share sales and we feel it is important to utilise that to address a pressing issue in our country, which is obviously the delivery of more homes.
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: We will set out our tax package on budget day. We have been clear that reducing the income tax burden is a priority for the Government. All of the budgetary decisions we have taken have been highly progressive to date. Many people in our economy have been taken out of the income tax net, as the Deputy knows. We want to make sure that the effect of our decisions is progressive in the...
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: I will be able to set out on budget day the tax decisions that we take, the impact of those on workers in our economy and the cost-of-living-----
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: If one takes the combined income tax and cost-of-living package that we introduced last year and what I intend to progress this year, it will be highly progressive. We want to make sure average workers benefit-----
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: We brought in a highly progressive tax package last year which benefitted workers, particularly when one combines the income tax changes with the cost-of-living payments.
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: When one takes the combined total of income tax deductions and cost-of-living payments last year, average workers benefitted by in or around that.
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: I can send the committee detailed figures on the numbers who have paid and what it has taken to date. I am happy to provide that information. What we have done here is taken the recommendation of €2.8 million and we are phasing that in from 2026 onwards, with an increase of €200,000, which addresses wage growth in that interim period. It also addresses a specific concern that...
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: For 2025 it will not cost anything.
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: I will provide the committee with that information.
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: I know what the policy costs if we were to bring it to €2.8 million immediately.
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: I am happy to provide the committee with that information. By phasing this in over a number of years, it is a reduced cost vis-à-vis what the de Buitléir report recommended. I am happy to provide that information to the committee.
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: The Deputy will recall that the standard fund threshold was in excess of €5 million in previous years-----
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: What we are doing here is having a phased change to this over five years, which addresses specific retention issues and supports promotion to particular positions. First, it is not near what it was. Second, the Government is not changing the chargeable excess tax which was recommended. Third, we are trying to respond to the retention issues which have been well flagged. I am sure the...
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Aindrias Moynihan: I thank the Ministers for the presentations. So many of the economic indicators are very strong, with full employment, interest rates facing south and strong tax returns. Many of the various bodies such as IFAC, the ESRI and others are pointing towards an attitude of "steady now" and putting aside funds towards a day when the figures are not as strong as they are today. The last budget saw...
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: I thank Deputy Moynihan very much. On his first question about the Future Ireland Fund and the Infrastructure, Climate and Nature Fund, there will be €10 billion between the two funds by the year end, with €6 billion there at present and €4 billion which will be allocated in quarter 4. Next year, the plan is to have a further €6 billion split, with €4...
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Aindrias Moynihan: On the-----
- Committee on Budgetary Oversight: Pre-Budget Engagement (18 Sep 2024)
Jack Chambers: I thank Deputy Healy-Rae. I will respond to some of the remarks on VAT in particular. I know the importance of hospitality and tourism, in particular for County Kerry and for many businesses across the country. We absolutely understand the pressure on businesses and small and medium enterprises in the hospitality sector in particular. We have a package of €1.4 billion available and...