Oireachtas Joint and Select Committees

Wednesday, 22 November 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2023: Discussion

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

Finally, what if the most productive investment is actually increasing the State ownership or State capacity? In public investment, it could be a situation where there would not be a commercial return but financial benefit in the form of the savings to the Exchequer. I am thinking of avoiding the costly public-private partnership, PPP, contracts or leasing contracts or privatisation like we see happening with, say, the primary care centres. These types of decisions reduce costs in year 1 but are more costly in the long term. Would there be a mechanism for allowing the FIF to fund these initiatives? That will have a real long-term saving for the State. The State would save more money than it would in investing in the medium term.

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