Oireachtas Joint and Select Committees

Wednesday, 1 May 2024

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage

Photo of Rose Conway-WalshRose Conway-Walsh (Mayo, Sinn Fein) | Oireachtas source

Sorry. On section 6, obviously it provides for the investment policy of the future investment fund but at present the only specification under the investment strategy is that moneys may be invested inside and outside of the State. The State is suffering from a chronic housing shortage and infrastructure deficits. Our concern relates to the constraining effect that legislated contributions to the future investment fund could have on public investment in the years ahead. Investment of moneys within the future investment fund should have a domestic focus, particularly in areas of infrastructure and housing to boost the productivity capacity of our economy. Will the Minister speak to that?

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