Dáil Éireann Debate, Thursday - 7 July 2022
158. Deputy Louise O'Reilly asked the Tánaiste and Minister for Enterprise, Trade and Employment the estimated cost of increasing the funding to the Personal Insolvency Advisory Board by 10%, 15%, 20% and 25% in tabular form. [36853/22]
View answerPIAB is funded through fees charged for its services and the exchequer provides an allocation to meet costs associated with former staff pensions. As there was a significant reduction in claims to PIAB in 2020 and 2021 because of the closure of public places and businesses and less traffic on our roads, the Department, on a once off basis, provided an additional exchequer allocation of €2.021 million. This was to mitigate the effects of the pandemic on PIAB’s income and to allow PIAB to continue to offer the most cost-effective settlement channel in terms of personal injury claims in our country.
PIAB’s allocation for 2022 from Vote 32, under subhead C.9, was €2.61 million, the pensions element of this was €589 thousand. The table below sets out the estimated costings of increasing funding to PIAB by 10%, 15%, 20% and 25% respectively (having stripped out the once off allocation in 2022).
|
REV Allocation 2022 (€,000) |
10% Increase (€,000) |
15% Increase (€,000) |
20% Increase (€,000) |
25% Increase (€,000) |
|
|
Personal Insolvency Advisory Board C9 |
589 |
648 |
677 |
707 |
736 |
