Oireachtas Joint and Select Committees
Wednesday, 18 September 2024
Committee on Budgetary Oversight
Pre-Budget Engagement
3:30 pm
Jack Chambers (Dublin West, Fianna Fail)
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I thank Deputy Moynihan very much. On his first question about the Future Ireland Fund and the Infrastructure, Climate and Nature Fund, there will be €10 billion between the two funds by the year end, with €6 billion there at present and €4 billion which will be allocated in quarter 4. Next year, the plan is to have a further €6 billion split, with €4 billion to the Future Ireland Fund and €2 billion to the Infrastructure, Climate and Nature Fund. Obviously, the intention is to continue that over the coming years.
The NTMA and the Revenue Commissioners are working through the deed and the determination in respect of the escrow fund and how that will move from its present position to the Exchequer. We expect that to take a number of months. Obviously we have to then get a final determination on what the actual amount is. Work is ongoing to do that but we expect it to take a number of months.
As the Deputy will be aware, we published the well-being analysis as part of the wider quality of life assessment which is conducted as part of each budget. That will be included again in budget 2025.
Different line Ministers are cognisant of that as they shape their priorities in their wider engagements with both myself and the Minister, Deputy Donohoe. It is something we have advanced in different budgets, included equality budgeting and green budgeting analysis as well. That is part of our wider publication which we make as part of the budget day announcement.