Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The projections we have are for 2026. We do not know about pillar 1 and pillar 2 but their impact, if implemented in 2026, is likely to involve a worse position for Ireland. The Exchequer deficit would increase and the general government balance would come down. We have the Minister's projections for 2026. Is it his view that we should borrow close to €2 billion to fund the future Ireland fund? That is what would have to happen. I agree with all the Minister has said on the NTMA and on continuing to be involved in the market. The NTMA has substantial liquid asset and cash reserves built up but will want to keep them replenished. We have that money to deal with the Exchequer deficit but the NTMA will want to borrow to bring us back up to that point. On these numbers today, is it the Minister's view the €2 billion borrowing to put into that fund is fine?