Mr. Pat Leahy:

Yes, the National Reserve Fund when it was established had money from the Ireland Strategic Investment Fund put into it - around €1.25 billion.

That was drawn down in the context of Covid-19 and clearly was then replenished with some money both last year and this year up to the value of approximately €6 billion. There are limitations in the legislation as to how it can be used, for an economic shock or unexpected event, I do not have the exact wording in front of me. It is in the 2018 legislation. Clearly, when we look at the design of this fund, what we will do with the National Reserve Fund, NRF, is part of that process. I should say, regarding any comments related to the fund, as there has been no decision by the Government on this yet, anything I say is said in that context. The Government has yet to decide on how that will be structured and how it will all work. Clearly, the future of the NRF must be considered in that context given that because of Covid-19, it was decided not to put money into it for long periods. It is only recently that money has been put into it. The design of the whole process needs to take into account the existence of the NRF and whether we retain it needs to be considered as part of that.