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Central Fund (Ireland)
The Central Fund is the main accounting fund used by the government of Ireland. It is a bank account held at the Central Bank of Ireland, managed by the Minister for Finance as head of the Department of Finance. It is informally called the exchequer by analogy with the UK Exchequer. Statutory basis The current (1937) constitution states: The previous (1922) constitution had a similar provision, and an ancillary statute named the fund "The Central Fund of Saorstát Eireann" and replaced "Consolidated Fund" accordingly in UK laws retained by Saorstát Eireann (the Irish Free State). The fund was renamed "the Central Fund" when the 1937 constitution renamed the state "Ireland". A new Central Fund Act was passed annually in March between 1923 and 1965, to authorise the Minister for Finance to issue money from the Central Fund in accordance with budget estimates until the Finance Act and Appropriations Act were finalised in July to handle the rest of the financial year. The Cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fund Accounting
Fund accounting is an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals or organisations or by law.Leon E. Hay (1980). ''Accounting for Governmental and Nonprofit Entities, Sixth edition'', page 5. Richard D. Irwin, Inc., Homewood, IL. It emphasizes accountability rather than profitability, and is used by Nonprofit organizations and by governments. In this method, a ''fund'' consists of a self-balancing set of accounts and each are reported as either unrestricted, temporarily restricted or permanently restricted based on the provider-imposed restrictions. The label ''fund accounting'' has also been applied to investment accounting, portfolio accounting or securities accounting – all synonyms describing the process of accounting for a portfolio of investments such as securities, commodities and/or real estate held in an investment fund such as a mutual fund or hedge fund. Investment a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Public Expenditure And Reform
The Department of Public Expenditure and Reform ( ga, An Roinn Caiteachais Phoiblí agus Athchóirithe) is a department of the Government of Ireland. It is led by the Minister for Public Expenditure and Reform. The department was established in July 2011. The department took over the functions of Public Expenditure from the Department of Finance. The department of Public Expenditure and Reform is responsible for overseeing the reform of the Public Sector. The Comprehensive Expenditure Report 2012–14 set a spending ceiling for the department of €837 million for the year 2013, and €826 million for the year 2014. Departmental team The headquarters and ministerial offices of the department are in Government Buildings, Merrion Street, Dublin. The departmental team consists of the following: * Minister for Public Expenditure and Reform: Paschal Donohoe, TD ** Minister of State for Office of Public Works: Patrick O'Donovan, TD ** Minister of State for Public Procurement and e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Treasury Management Agency
, type = State Agency of the Department of Finance , logo = Ntma_logo.gif , logo_width = , logo_caption = , picture = , picture_width = , picture_caption = , formed = , preceding1 = , preceding2 = , dissolved = , superseding = , jurisdiction = Ireland , headquarters = Treasury Dock, North Wall Quay, Dublin 1, D01 A9T8 , region_code = IRL , coordinates = , employees = , budget = , minister1_name = , minister1_pfo = , chief1_name = Frank O'Connor , chief1_position = Chief Executive , agency_type = , parent_agency = , child1_agency = , keydocument1 = , website NTMA website, footnotes = , map = , map_width = , map_caption = The National Treasury Management Agency (NTMA) ( ga, Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta) is the agency that manages the assets and liabilities of the Government of Ireland. It was established on 1 December 1990 to borrow for the Central Fund and manage the national debt. Since then it has been expanded greatly, for example it no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ireland Strategic Investment Fund
Ireland ( ; ga, Éire ; Ulster-Scots: ) is an island in the North Atlantic Ocean, in north-western Europe. It is separated from Great Britain to its east by the North Channel, the Irish Sea, and St George's Channel. Ireland is the second-largest island of the British Isles, the third-largest in Europe, and the twentieth-largest on Earth. Geopolitically, Ireland is divided between the Republic of Ireland (officially named Ireland), which covers five-sixths of the island, and Northern Ireland, which is part of the United Kingdom. As of 2022, the population of the entire island is just over 7 million, with 5.1 million living in the Republic of Ireland and 1.9 million in Northern Ireland, ranking it the second-most populous island in Europe after Great Britain.The 2022 population of the Republic of Ireland was 5,123,536 and that of Northern Ireland in 2021 was 1,903,100. These are Census data from the official governmental statistics agencies in the respective juri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Further Education
Further education (often abbreviated FE) in the United Kingdom and Ireland is education in addition to that received at secondary school, that is distinct from the higher education (HE) offered in universities and other academic institutions. It may be at any level in compulsory secondary education, from entry to higher level qualifications such as awards, certificates, diplomas and other vocational, competency-based qualifications (including those previously known as NVQ/SVQs) through awarding organisations including City and Guilds, Edexcel (BTEC) and OCR. FE colleges may also offer HE qualifications such as HNC, HND, foundation degree or PGCE. The colleges are also a large service provider for apprenticeships where most of the training takes place at the apprentices' workplace, supplemented with day release into college. FE in the United Kingdom is usually a means to attain an intermediate, advanced or follow-up qualification necessary to progress into HE, or to beg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Transaction Account
A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions, is a deposit account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the account owner or to others as the account owner may direct. Access may be in a variety of ways, such as cash withdrawals, use of debit cards, cheques (checks) and electronic transfer. In economic terms, the funds held in a transaction account are regarded as liquid funds. In accounting terms, they are considered as cash. Transaction accounts are known by a variety of descriptions, including a current account (British English), chequing account or checking account when held by a bank, share draft account when held by a credit union in North America. In the United Kingdom, Hong Kong, India and a number of other countries, they are commonly called current ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Social Protection
The Department of Social Protection ( ga, An Roinn Cosanta Sóisialta) is a department of the Government of Ireland, tasked with administering Ireland's social welfare system. It oversees the provision of income support and other social services. It is led by the Minister for Social Protection who is assisted by two Ministers of State. Departmental team The official headquarters and ministerial offices of the department are in Áras Mhic Dhiarmada, Store Street, Dublin. The departmental team consists of the following: * Minister for Social Protection: Heather Humphreys, TD **Minister of State: Joe O'Brien, TD **Minister of State: Damien English, TD *Secretary General of the Department: John McKeon Overview In carrying out its mandate the department undertakes a variety of functions including: The department formulates appropriate social protection policies and administers and manages the delivery of statutory and non-statutory schemes and services. It is responsible for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pay Related Social Insurance
Taxation in Ireland in 2017 came from Personal Income taxes (40% of Exchequer Tax Revenues, or ETR), and Consumption taxes, being VAT (27% of ETR) and Excise and Customs duties (12% of ETR). Corporation taxes (16% of ETR) represents most of the balance (to 95% of ETR), but Ireland's Corporate Tax System (CT) is a central part of Ireland's economic model. Ireland summarises its taxation policy using the OECD's ''Hierarchy of Taxes'' pyramid (see graphic), which emphasises high corporate tax rates as the most harmful types of taxes where economic growth is the objective. The balance of Ireland's taxes are Property taxes (<3% of ETR, being Stamp duty and LPT) and Capital taxes (<3% of ETR, being CGT and CAT). An issue in comparing the Irish tax system to other economies is adjusting for the artificial inflation of Irish GDP by the [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irish Fiscal Advisory Council
Irish Fiscal Advisory Council (Fiscal Council; ga, Comhairle Chomhairleach Bhuiséadach na hÉireann) is a non-departmental statutory body providing independent assessments and analysis of the Irish Government's fiscal stance, its economic and budgetary forecasts, and its compliance with fiscal rules. The Fiscal Council was created as part of a wider agenda of budgetary reform after the financial crisis. The establishment of a fiscal council had been proposed domestically in the National Recovery Plan 2011-2014 and by the Joint Committee on Finance and the Public Service in November 2010. It also became a requirement of the EU/IMF Programme of Financial Support for Ireland (December 2010). Its establishment follows moves to establish independent watchdogs internationally as a means of avoiding repeats of fiscal crises and to promote more transparency around the public finances. Purpose The Fiscal Council was formed as part of a programme of reform of Ireland's "budgetary archit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paschal Donohoe
Paschal Donohoe (born 19 September 1974) is an Irish Fine Gael politician who has served as Minister for Public Expenditure and Reform since December 2022 and President of the Eurogroup since July 2020. He has been a Teachta Dála (TD) for the Dublin Central constituency since 2011. He served as Minister for Finance of Ireland from 2017 to 2022, Minister for Public Expenditure and Reform from 2016 to 2020, Minister for Transport, Tourism and Sport from 2014 to 2016 and Minister of State for European Affairs from 2013 to 2014. Early life Donohoe was born in Phibsborough, Dublin, in 1974. He is the son of a Stena Line employee who also worked renting marquees and tents. He was educated at St. Declan's CBS in Cabra, before receiving a scholarship to Trinity College Dublin. He studied Politics and Economics as part of the Business, Economics and Social Science programme and graduated with a first-class honours degree in 1996. He served as Secretary of the University Philosophic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
31st Government Of Ireland
31 (thirty-one) is the natural number following 30 and preceding 32. It is a prime number. In mathematics 31 is the 11th prime number. It is a superprime and a self prime (after 3, 5, and 7), as no integer added up to its base 10 digits results in 31. It is a lucky prime and a happy number; two properties it shares with 13, which is its dual emirp and permutable prime. 31 is also a primorial prime, like its twin prime, 29. 31 is the number of regular polygons with an odd number of sides that are known to be constructible with compass and straightedge, from combinations of known Fermat primes of the form 22''n'' + 1. 31 is the third Mersenne prime of the form 2''n'' − 1. It is also the eighth Mersenne prime exponent, specifically for the number 2,147,483,647, which is the maximum positive value for a 32-bit signed binary integer in computing. After 3, it is the second Mersenne prime not to be a double Mersenne prime. 127, which is the 31st prime number, is a doubl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
