Dáil debates
Wednesday, 4 March 2009
Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Second Stage (Resumed)
12:00 pm
Frank Fahey (Galway West, Fianna Fail)
It amounted to €16 billion at the end of the year and it is vitally important that the Government retains the principle in good times and in bad times. I was concerned by proposals from the Labour Party, whereby the fund would be raided in good times to invest in capital projects.
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