Oireachtas Joint and Select Committees

Wednesday, 8 May 2024

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage (Resumed)

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

I have two questions on section 35(1). When does the Minister envisage giving effect to section 35(1), which provides for the transfer of the €2 billion from what is known as the rainy day fund into the infrastructure and nature fund? That will trigger the remainder going into the future Ireland fund no later than a month later. Can the Minister update us as to what would be the remainder? How much is in the fund at the moment, less the €2 billion? How much is going into the future Ireland fund and when will the €2 billion transfer into the infrastructure and nature fund? When does the Minister expect this section to be commenced?

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