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 Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

From my reading of head 12.3, it allows for additional contributions to be made. Perhaps the committee can get a note on that or somebody else can pick up on it. With the indulgence of the Chair, I have one last question. Roughly €4 billion is going into the future Ireland fund and €2 billion is going into the ICNF each year, which amounts to €6 billion going into these funds. The surplus projected for 2025 is just over €14 billion, and that is with a budgetary package, demographics and all that being catered for. The projections for 2026 are roughly the same. If we take it that there will be a €14 billion surplus in each of those years, €6 billion of which is going into the funds, what happens with the other €8 billion?

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