Dáil Éireann Debate, Tuesday - 12 June 2012
337 Deputy Michael McGrath asked the Minister for Social Protection if the Money Advice and Budgeting Service has requested additional resources to assist in the carrying out of its duties; if she is satisfied that the banks are engaging constructively with MABS and their clients; and if she will make a statement on the matter. [25601/12]
Amharc ar fhreagraThe Money Advice and Budgeting Service (MABS) operates under the aegis of the Citizens Information Board. The Citizens Information Board is in the process of preparing the budget estimates for 2013 and has requested all MABS companies to submit their individual estimates before the end of June.
In 2012 funding of some €18 million has been provided to support the MABS and in December 2011, sanction was received from the Department of Public Expenditure and Reform for the retention of 12 temporary posts within the MABS network for a further two year period.
Since 2009 MABS and member institutions of the Irish Banking Federation (IBF) have had an operational protocol on debt management which is a means through which IBF members and MABS work together to put in place sustainable, affordable repayment plans for customers/clients. The process of putting in place such plans for people who are experiencing financial problems can be complex due to the high levels of debt and much reduced level of income. The protocol provides a framework for agreeing financial arrangements and also provides a mechanism through which MABS and IBF members can work together to address and resolve issues which may impede progress.
I am satisfied that MABS provides a high quality personal service to assist people in overcoming their indebtedness and managing their finances.
