Oireachtas Joint and Select Committees
Wednesday, 26 October 2022
Committee on Budgetary Oversight
Post-budget 2023 Examination: Discussion (Resumed)
Mr. Matt McGann:
-----between the reserve fund and a more long-term focused fund. What we were flagging there was there was previously the National Pensions Reserve Fund that the State seeded with money from the Telecom Éireann sale and then was making annual contributions to. When we went back and looked at it - it is an annexe in the paper - if you translate the amount that was put in during those years into current GDP terms, we put in at least €2 billion every year into that and I think-----
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