Results 761-780 of 1,267,011 for in 'Dáil debates' OR in 'Committee meetings' (speaker:John Dolan OR speaker:Denis Naughten OR speaker:Barry Cowen OR speaker:Malcolm Noonan OR speaker:Paul McAuliffe OR speaker:Richard Bruton OR speaker:Darragh O'Brien OR speaker:Martin Browne OR speaker:Claire Kerrane OR speaker:Peadar Tóibín OR speaker:Colm Burke OR speaker:Francis Noel Duffy OR speaker:Pat Buckley OR speaker:Marian Harkin OR speaker:Catherine Murphy OR speaker:Patrick O'Donovan OR speaker:Fergus O'Dowd OR speaker:Paul Murphy OR speaker:Robert Troy OR speaker:Niall Collins OR speaker:Simon Harris OR speaker:Sorca Clarke OR speaker:Mary Lou McDonald OR speaker:Paschal Donohoe OR speaker:Frank Feighan OR speaker:Mick Barry OR speaker:Heather Humphreys OR speaker:Seán Crowe OR speaker:Rose Conway-Walsh OR speaker:David Cullinane OR speaker:Cormac Devlin OR speaker:Steven Matthews OR speaker:Denise Mitchell OR speaker:Bernard Durkan OR speaker:Christopher O'Sullivan OR speaker:Eoin Ó Broin OR speaker:Hildegarde Naughton OR speaker:Richard Bruton6 OR speaker:Maurice Quinlivan OR speaker:Micheál Martin OR speaker:Anne Rabbitte OR speaker:Éamon Ó Cuív OR speaker:Danny Healy-Rae OR speaker:Éamon Ó Cuív5 OR speaker:Éamon Ó Cuív61 OR speaker:Éamon Ó Cuív14 OR speaker:Aengus Ó Snodaigh OR speaker:Aengus Ó Snodaigh00 OR speaker:Gerald Nash OR speaker:Aengus Ó Snodaigh11 OR speaker:Pádraig O'Sullivan OR speaker:Donnchadh Ó Laoghaire OR speaker:Éamon Ó Cuív57 OR speaker:Aengus Ó Snodaigh3 OR speaker:John McGuinness OR speaker:Aengus Ó Snodaigh30 OR speaker:Aengus Ó Snodaigh04 OR speaker:Ivana Bacik OR speaker:Ruairi Ó Murchú OR speaker:Seán Haughey OR speaker:Aengus Ó Snodaigh8 OR speaker:Aengus Ó Snodaigh21 OR speaker:Pearse Doherty OR speaker:Marc MacSharry OR speaker:Catherine Connolly)
- 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: 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.
- 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)
Patricia Ryan: I thank our guests. I apologise about the voting; it just makes everything very awkward. Anyway, we will move on swiftly. Would our guests recommend that the Government disregard or disapply the net spending rule when allocating funding for the likes of State old age pensions, especially considering that the recent increase of €12 granted in budget 2025 has caused a real decrease...
- Committee on Budgetary Oversight: Ireland's Medium-Term Fiscal and Structural Plan: Irish Fiscal Advisory Council (23 Oct 2024)
Patricia Ryan: What are Mr. Coffey's thoughts on benchmarking?