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WHILE DATA ON how much money is repatriated abroad is difficult to calculate, it is believed that the money earned in Ireland and sent to foreign countries has fallen.
In a parliamentary question to the Taoiseach Enda Kenny, Robert Dowds TD for Dublin Mid West asked whether the amount of money being repatriated abroad had dropped in recent years.
In 2007, statistics showed total repatriations were 1. 9 billion. However, by 2010 this had dropped to €1.7 billion and last year there was just just over €1.6 billion.
Kenny said the data on repatriations comes from the Central Statistics Office’s Balance of Payments (BOP) quarterly statistical release. He said:
Due to their nature, migrants’ remittances and income of temporary employees are a challenge to measure and as data sources become available, the estimation models are strengthened.At present, migrants’ remittances are estimated using P35 income information available, with some geographic detail of migrants, from Revenue. Remittances are estimated as a percentage of income, with the percentage applied varying by geographic area.
Earnings of non-resident workers are based on data from BOP surveys – which are surveys of companies and embassies and from estimates of numbers of temporary workers in Ireland, using Irish and Northern Irish census of population data. All income of temporary workers are treated as repatriations.
He added that the statistics provided to the IMF are then passed on to the World Bank who produce estimates for repatriations in Ireland. He said they were estimates and should not be taken as exact “official figures”.
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Russia the mushroom state, where the vast majority of the population is kept in the dark and fed on bs. If Putin really thinks that attacking Ukraine is a just cause, he’d be telling his people the truth, instead of desperately trying to keep the lid on what’s taking place.
The basic issue here is Putin and his mates are establishing structures to protect their continued robbery of Russia. Unfortunately Western politicians, bankers and others enabled Russian oligarch’s accumulate their wealth for over 20 years and therefore they share responsibility for the many atrocities recently perpetrated by Russia. Turning a blind eye is costing the world dearly.
@Neil Neart: Wow. I don’t blame anyone but Russia for this.
@Neil Neart: I think you are almost completely right except you forgot to blame Russia for invading its neighbour which is entirely Russias responsibility.
@Neil Neart: I guess you can take your pick-
A. West did nothing to retain Putin over the years- so its our fault.
B. West did too much meddling- so its our fault.
Ejits.
@Neil Neart: I guess you can take your pick-
A. West did nothing to retain Putin over the years so its our fault.
B. West did too much meddling- so its our fault.
Ejits.
Russians negotiating in nothing but bad faith.
Oligarch means millionaire
@David Haye: Including our own who is the owner of Aughish Alumina.
@David Haye: eegit.
@David Haye: Fool
Sanctions against Oleg Deripaska? Michael Martin has his head in the sand about this guy.
There can be no long win here for Russia and though the emperor himself surely now is aware he has no clothes, he is keen to bludgeon his way to consensus on his most magnificent garment amidst the bodies of families and children. Fleeting truth will not last. The Greeks knew the power of the word Logos a deep truth it cannot be hidden.
What about our own Oligarc Oleg?
have your say