Results 781-800 of 1,218,710 for in 'Dáil debates' OR (speaker:Tom Kitt OR speaker:Peadar Tóibín OR speaker:Jennifer Whitmore OR speaker:John Brady OR speaker:Simon Coveney OR speaker:Brian Stanley OR speaker:Catherine Murphy OR speaker:Norma Foley OR speaker:Ossian Smyth OR speaker:Imelda Munster OR speaker:Michael Ring OR speaker:James O'Connor OR speaker:David Stanton OR speaker:Réada Cronin OR speaker:Mary Lou McDonald OR speaker:Matt Carthy OR speaker:Ivana Bacik OR speaker:Aindrias Moynihan OR speaker:Seán Ó Fearghaíl OR speaker:Neale Richmond OR speaker:Seán Ó Fearghaíl9 OR speaker:Seán Canney OR speaker:Eamon Ryan OR speaker:Pa Daly OR speaker:Michael McGrath OR speaker:Holly Cairns OR speaker:Colm Burke OR speaker:Alan Dillon OR speaker:Michael Collins OR speaker:Johnny Mythen OR speaker:Roderic O'Gorman OR speaker:Carol Nolan OR speaker:Michael Lowry OR speaker:Alan Kelly OR speaker:Claire Kerrane OR speaker:Patricia Ryan OR speaker:Róisín Shortall OR speaker:Richard O'Donoghue OR speaker:Paschal Donohoe OR speaker:Seán Ó Fearghaíl4 OR speaker:Aengus Ó Snodaigh OR speaker:Bernard Durkan OR speaker:Pat Buckley OR speaker:Charlie McConalogue OR speaker:Gino Kenny OR speaker:Michael Healy-Rae OR speaker:Richard Bruton OR speaker:Gerald Nash OR speaker:Joan Collins OR speaker:Rose Conway-Walsh OR speaker:Michael Fitzmaurice OR speaker:Seán Ó Fearghaíl5 OR speaker:Aengus Ó Snodaigh26 OR speaker:Pádraig Mac Lochlainn OR speaker:Aengus Ó Snodaigh22 OR speaker:Seán Sherlock OR speaker:Heather Humphreys OR speaker:Aengus Ó Snodaigh00 OR speaker:James Browne) 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: 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...

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

Seán Canney: I have one last question. I did my leaving certificate in the mid-1970s and for whatever reason, there were no jobs at the time. When I was in the construction industry there was very little work in the early 1980s, then we had the boom and it was followed by the situation in 2008. Should we be doing specific analysis to generate lessons for the future? I include how we performed during...

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

Seán Canney: I thank the guests.

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?

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

Patricia Ryan: That is fine. I asked Mr. Coffey for that reason. I thank him. To minimise the risk caused by the current overreliance on the tax take from just three corporations, would the council recommend the Government remove vulture funds’ charity status, making their rental and other income subject to tax? The funds have a considerable presence in the housing, rental and mortgage markets....

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

Patricia Ryan: Is there anything extra we could be doing to alleviate some of the problems caused for people by vulture funds?

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

Patricia Ryan: That is fair enough. That is all I wanted to ask. I thank all the guests very much. I appreciate the chance I have been given.

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

Aindrias Moynihan: I have one or two questions myself. I understand the kind of enforcement or pushback that would be put into execution by the European Commission in the event of rules being broken is unclear. Is that unique to Ireland, or is it across all EU countries?