Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

This is a section where there is a bit of difference from the previous one in respect of the future Ireland fund. To make sure I am reading this correctly, can I clarify that this section provides that where there is or is likely to be a significant deterioration in the economic or fiscal position of the State, not more than 25% of the net asset value of the fund can be drawn down to support expenditure in climate-related projects? Again, the criteria for “deterioration” are vague, but I will not go into that because we already discussed it. Can the Minister clarify that the 25% is in addition to the 22.5% annually that can be drawn down for designated environmental projects? Is this a total of 47.5%?