Results 701-720 of 1,182,313 for in 'Dáil debates' OR in 'Committee meetings' (speaker:George Lee OR speaker:Roderic O'Gorman OR speaker:Martin Kenny OR speaker:Brendan Griffin OR speaker:Colm Burke OR speaker:Peadar Tóibín OR speaker:Mary Lou McDonald OR speaker:Jim O'Callaghan OR speaker:Paul Donnelly OR speaker:Patricia Ryan OR speaker:Michael Healy-Rae OR speaker:Michael Ring OR speaker:Paul Murphy OR speaker:Matt Carthy OR speaker:Seán Haughey OR speaker:Colm Brophy OR speaker:Michael Creed OR speaker:Jackie Cahill OR speaker:Patrick Costello OR speaker:Mairead Farrell OR speaker:Peter Burke OR speaker:Anne Rabbitte OR speaker:David Stanton OR speaker:Richard O'Donoghue OR speaker:Holly Cairns OR speaker:Seán Ó Fearghaíl OR speaker:Éamon Ó Cuív OR speaker:Jennifer Murnane O'Connor OR speaker:Mary Butler OR speaker:Michael McGrath OR speaker:Christopher O'Sullivan OR speaker:John Lahart OR speaker:Donnchadh Ó Laoghaire OR speaker:Niamh Smyth OR speaker:Aindrias Moynihan OR speaker:Richard Boyd Barrett OR speaker:Heather Humphreys OR speaker:Seán Ó Fearghaíl4 OR speaker:John McGuinness OR speaker:Rose Conway-Walsh OR speaker:Pearse Doherty OR speaker:Pádraig Mac Lochlainn OR speaker:Jack Chambers OR speaker:Malcolm Noonan OR speaker:Neale Richmond OR speaker:Jennifer Carroll MacNeill OR speaker:John Brady OR speaker:Seán Ó Fearghaíl1 OR speaker:Alan Dillon OR speaker:Neasa Hourigan OR speaker:Gary Gannon OR speaker:Marian Harkin)

Housing (Miscellaneous Provisions) Bill 2024: From the Seanad (23 Oct 2024)

Cian O'Callaghan: The Social Democrats certainly will not be opposing these amendments. On the Land Development Agency, there is a massive gap between the initial promise put forward by Fine Gael's then Minister for housing, Eoghan Murphy, for what the Land Development Agency would deliver in terms of housing and what has transpired in the six years since then. I invite the Minister of State to speak about...

Housing (Miscellaneous Provisions) Bill 2024: From the Seanad (23 Oct 2024)

Alan Dillon: I thank the Deputies for their contributions. I am glad there is no dissent or opposition to the amendments being brought forward. The additional funds will secure the delivery of the LDA's 2024-28 business plan, under which there is projected delivery of up to 12,900 homes by 2028. A large pipeline of further direct delivery homes is being developed for completion in the period from...

Housing (Miscellaneous Provisions) Bill 2024: From the Seanad (23 Oct 2024)

Richard Boyd Barrett: I am happy enough to support this extra capital going towards the LDA, but I would rather that the LDA were something other than what it is. We have argued for some time it should be a fully fledged State construction company. That is the only way we will reach the level of output of social and affordable housing necessary to address the absolutely dire housing crisis we are facing. The...

Committee on Budgetary Oversight: Business of Select Committee (23 Oct 2024)

Aindrias Moynihan: We have received apologies from Deputies Steven Matthews and Ged Nash. I propose that the committee go into private session to deal with some housekeeping matters. Is that agreed? Agreed.

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

Aindrias Moynihan: This evening's engagement is with representatives of the Irish Fiscal Advisory Council. On behalf of the committee, I welcome Mr. Seamus Coffey, chairman of the council, and Dr. Eddie Casey, chief economist. It is always great to have them here. We are looking forward to a discussion on the EU's fiscal rules and the State's medium-term fiscal and structural plan, which was published last...

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

Aindrias Moynihan: As a vote has been called in the Dáil, I propose that we suspend until it has concluded.

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

Aindrias Moynihan: 2 o’clock I thank Mr. Coffey for his opening statement. I open the floor, following the normal rota, and call Deputy Conway-Walsh.

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

Rose Conway-Walsh: Apologies for the vote. My first question refers to an endorsement IFAC provided for the economic projections which were released alongside budget 2025. In the letter of endorsement on the macroeconomic projections, IFAC stated that one of the three elements of the basis for its approach is a review of the Department's past forecasts to look for errors and systematic bias. Is it fair to...

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

Rose Conway-Walsh: Maybe IFAC could let us have that. How many times has it overestimated? It should be fairly easy to see in GNI*. It is important for us to see the patterns that are there. IFAC endorsed the macroeconomic projection we received on budget day. Apart from the element I outlined, it also looked at the comparisons on the benchmark projections and forecasts from other bodies. IFAC said that...

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.