Oireachtas Joint and Select Committees
Wednesday, 26 October 2022
Committee on Budgetary Oversight
Post-budget 2023 Examination: Discussion (Resumed)
Mr. Matt McGann:
By contrast, the intention behind the old National Pensions Reserve Fund was it would be there to meet long-term demographic ageing pressures that were coming down the line, so it was very invested and managed and we were making a return on it. It did not need to be as liquid, because it was intended for a longer-term purpose.
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