Oireachtas Joint and Select Committees
Tuesday, 6 October 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Macroeconomic Forecast for 2016: Department of Finance
5:55 pm
Mr. John McCarthy:
The ISIF which used to be the NPRF is, obviously, undertaking investments of various amounts. As the Deputy rightly says, there is a cost in holding that cash, but there is also a balancing act in play. We want to have a certain amount of cash in order to have buffers, if one likes, in case the markets turn against us. There is that trade-off. It is probably a cost that is worth bearing.
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