Results 661-680 of 1,204,991 for in 'Dáil debates' OR (speaker:Paul Gavan OR speaker:Hildegarde Naughton OR speaker:Kieran O'Donnell OR speaker:Seán Canney OR speaker:Seán Fleming OR speaker:Seán Sherlock OR speaker:Francis Noel Duffy OR speaker:Richard Bruton OR speaker:Richard Bruton6 OR speaker:Leo Varadkar OR speaker:Brendan Griffin OR speaker:Marian Harkin OR speaker:Stephen Donnelly OR speaker:Éamon Ó Cuív OR speaker:Paul Donnelly OR speaker:Matt Shanahan OR speaker:Richard Boyd Barrett OR speaker:Éamon Ó Cuív88 OR speaker:Gary Gannon OR speaker:Niall Collins OR speaker:Pat Buckley OR speaker:Colm Brophy OR speaker:James O'Connor OR speaker:Pauline Tully OR speaker:Joe Flaherty OR speaker:Ciarán Cannon OR speaker:Mary Butler OR speaker:Donnchadh Ó Laoghaire OR speaker:Éamon Ó Cuív57 OR speaker:Bríd Smith OR speaker:Éamon Ó Cuív14 OR speaker:Seán Crowe OR speaker:Robert Troy OR speaker:Frank Feighan OR speaker:Aindrias Moynihan OR speaker:Noel Grealish OR speaker:Roderic O'Gorman OR speaker:Éamon Ó Cuív46 OR speaker:Paul McAuliffe OR speaker:Sorca Clarke OR speaker:Duncan Smith OR speaker:Malcolm Noonan OR speaker:Catherine Connolly OR speaker:Verona Murphy OR speaker:Jack Chambers OR speaker:Micheál Martin OR speaker:Cormac Devlin OR speaker:Violet-Anne Wynne OR speaker:Rose Conway-Walsh OR speaker:Ruairi Ó Murchú OR speaker:Charlie McConalogue OR speaker:Denise Mitchell OR speaker:Holly Cairns OR speaker:Helen McEntee OR speaker:Éamon Ó Cuív42 OR speaker:Maurice Quinlivan OR speaker:John Brady) in 'Committee meetings'

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Rose Conway-Walsh: Okay. Do the witnesses think the inclusion of BEPS pillar 1 kicking in in 2026 is a credible expectation?

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Rose Conway-Walsh: Why?

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Rose Conway-Walsh: Does IFAC have any oversight of the multiplier that is used by the Department for current and capital expenditure?

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Rose Conway-Walsh: I refer to the multiplier that is used which means that if we put X in, we get Y out.

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Rose Conway-Walsh: Does IFAC have any impact on the multiplier that is used by the Department? It is difficult to tell. There are lots of moving parts.

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Rose Conway-Walsh: It might be something worth looking into in terms of the transparency of future estimates. Does IFAC assess the level of public expenditure based on the share of the real economy, which is obviously GNI*? From my own estimates, when I compare either net expenditure or general Government expenditure, it shows we are spending less today than we were in 2019, the year before the current...

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Rose Conway-Walsh: It is also necessary, though, to look at inflation. We never signed up to the restrictive Fine Gael 5% spending rule. I believe we have been proven right in relation to inflation. Of the three examples that IFAC gave us in its submission, namely, the Netherlands, Finland and Sweden, the first two specifically take inflation into account and look at the increases in spending in real terms....

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Rose Conway-Walsh: It is less today than it was in 2019 in terms of spending. It is a kind of contradiction in one sense. The concern is that all this highlights some of the risks associated with legislating for the spending rules.

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Rose Conway-Walsh: No, exactly. What we are trying to get at here, however, is to be fiscally responsible but still have enough flexibility to be able to adapt to and respond to external changes that occur. It is about the balance rather than about tying ourselves into something if we were to legislate for the rule.

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Rose Conway-Walsh: I thank Dr. Casey for that. The EU fiscal rules state that the medium-term fiscal plans will commit member states to an agreed net expenditure path for a five-year period. The plan will subsequently be endorsed by the Council of the European Union. It is stated that once endorsed by the European Council, it is generally not possible to deviate from the agreed net expenditure path unless...

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Rose Conway-Walsh: It is trying to stop it.

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Rose Conway-Walsh: Yes. I think this is crucially important because we are adding an additional national restriction to an economic decision of a democratically-elected government. I think this is extremely serious. IFAC's submission refers to it having an enforcement role in regard to the EU fiscal rules. Will the witnesses expand on this statement? I refer to what IFAC having an additional enforcement...

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Rose Conway-Walsh: What about the decision of the democratically elected Government? I really have concerns about this.

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Rose Conway-Walsh: Five years is a long time in politics.

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Aindrias Moynihan: We will move on. I will give Deputies a chance to come back in again later.

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Seán Canney: I thank our guests for coming in today. From a lay person's point of view, we are talking about economies, budgets and five-year plans but a five-year plan is not worth the paper it is written on in the context of what happened in Ukraine or of Covid, for example. Basically, such plans are for an ideal world, if everything was right. When we have a spike in inflation, all kinds of...

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Seán Canney: If one considers the surplus taxes that we have coming in now and the fact that some of that is being stored away in the so-called rainy day fund, is that the type of action that a good government should be taking so that we have reserves when we need them? An example of an area about which people are very frustrated is that of house building. Private housing is not being built. That...

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Seán Canney: What is Mr. Coffey's take on people promising that we are going to build 60,000 houses? How does he see that being done when we cannot even build 30,000 at the moment? That is not a political question. I am asking how the council sees this being done. Will something else have to be sacrificed, for example, retrofitting or something like that? Does Mr. Coffey have any comments on that?

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Seán Canney: The way Mr. Coffey describes some of the difficulties in getting foreign workers or getting our own people who have gone abroad to come back is like a chicken-and-egg situation. We have to provide the houses for them to live in to give them the permanency they need. They would want a guarantee that they would get a house here if they came back.

Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)

Seán Canney: This is not a loaded question but it relates to the role of IFAC. Do the witnesses find that nobody listens to what they say when they have concerns about fiscal rules or projections and forecasts that are being made? Are they being listened to by governments? Do they feel that their role is effective? People say the Government is composed of the elected representatives of the people and...