Results 701-720 of 1,183,618 for in 'Dáil debates' OR (speaker:Pat Deering OR speaker:Cian O'Callaghan OR speaker:James Lawless OR speaker:Chris Andrews OR speaker:Simon Coveney OR speaker:Rose Conway-Walsh OR speaker:Chris Andrews6 OR speaker:Alan Farrell OR speaker:Heather Humphreys OR speaker:Danny Healy-Rae OR speaker:Pauline Tully OR speaker:Thomas Pringle OR speaker:Carol Nolan OR speaker:Verona Murphy OR speaker:Patrick O'Donovan OR speaker:David Stanton OR speaker:Pippa Hackett OR speaker:Michael Ring OR speaker:Mattie McGrath OR speaker:Alan Kelly OR speaker:Peter Burke OR speaker:Jennifer Carroll MacNeill OR speaker:Brian Stanley OR speaker:Jackie Cahill OR speaker:Alan Dillon OR speaker:Michael Healy-Rae OR speaker:Mark Ward OR speaker:Steven Matthews OR speaker:Ossian Smyth OR speaker:Seán Haughey OR speaker:James O'Connor OR speaker:Matt Shanahan OR speaker:Roderic O'Gorman OR speaker:Maurice Quinlivan OR speaker:Aindrias Moynihan OR speaker:Aengus Ó Snodaigh OR speaker:Paschal Donohoe OR speaker:Charlie McConalogue OR speaker:Gino Kenny OR speaker:Thomas Gould OR speaker:Aengus Ó Snodaigh25 OR speaker:Frank Feighan OR speaker:Chris Andrews8 OR speaker:Denis Naughten OR speaker:Eoin Ó Broin OR speaker:Robert Troy OR speaker:John McGuinness OR speaker:Aengus Ó Snodaigh28 OR speaker:Darragh O'Brien) in 'Committee meetings'

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

Alan Dillon: I thank the Deputy for his response. I do not have the information to hand but I will provide it to him after this session. The purpose of today’s discussion on the amendment is to increase, from €1.25 to €2.25 billion, the amount the Minister for Finance may direct the National Treasury Management Agency to pay to the Land Development Agency for the proceeds of the...

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

Richard Boyd Barrett: We are putting all these extra billions into the LDA and it is just to deliver the existing plan. Is that what the Minister of State is telling us? It is for the existing plan. This is not linked to what everybody knows has to happen and which the Government itself knows has to happen, which is a dramatic upscaling of the targets necessary, which inevitably means a dramatic upscaling of...

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

Ivana Bacik: This Bill and the amendments from the Seanad give us an opportunity to address that bigger issue of the Land Development Agency. We in the Labour Party certainly supported the Land Development Agency in principle. We think it is a vital vehicle to deliver homes at scale, affordable homes that we badly need. However, as Deputies Ó Broin and Boyd Barrett have pointed out, there are real...

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.