Louise O'Reilly
Question:173. Deputy Louise O'Reilly asked the Tánaiste and Minister for Enterprise, Trade and Employment the estimated cost of increasing funding to the Irish Competition Authority by 10%. [33981/21]
View answerThursday, 24 June 2021
Questions (173, 177, 178)
Louise O'Reilly
Question:177. Deputy Louise O'Reilly asked the Tánaiste and Minister for Enterprise, Trade and Employment the funding the Competition and Consumer Protection Commission received in 2020; and the amount it is expected to receive in 2021, in tabular form. [34140/21]
View answerLouise O'Reilly
Question:178. Deputy Louise O'Reilly asked the Tánaiste and Minister for Enterprise, Trade and Employment the estimated cost of increasing the funding for the Competition and Consumer Protection Commission by 5%, 10%, 20% and 50%, in tabular form. [34141/21]
View answerWritten answers
I propose to take Questions Nos. 173, 177 and 178 together.
The Competition and Consumer Protection Act 2014 established the Competition and Consumer Protection Commission (CCPC) and in doing so effectively merged the Competition Authority and the National Consumer Agency. The CCPC receives its exchequer funding under the Regulation Programme of my Department’s Vote.
The CCPC) was allocated a total of €13.834m in funding from my Department’s Vote in 2020. In terms of 2021, a Further Revised Estimate (FRE) for the Department will be submitted shortly to the Dáil for approval. It is expected that the FRE will provide the CCPC with a gross allocation of €16.736m for its use in 2021.
On the basis of the CCPC’s expected allocation for 2021, the Table below sets out the estimated cost of increasing the CCPc’s funding by 5%, 10%, 20% and 50%.
|
2021 REV allocation |
Increase5% |
Increase10% |
Increase20% |
Increase50% |
|
€16.736m |
€838k |
€1.674m |
€3.347m |
€8.368m |