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
Mr. John McCarthy:
There is no rule, shall we say, that prevents us from drawing down from the NTF. The Government can decide to spend this money if it wants. As the Deputy knows, the Government went beyond its self-imposed 5% rule and there is no European Union rule at the moment that prevents us from spending from the NTF.