Fergus O'Dowd (Louth, Fine Gael)

I propose to take Questions Nos. 9 and 30 together.

I am working with the Minister, Deputy Rabbitte, and other relevant Ministers to ensure that all appropriate funding opportunities are leveraged to deliver on the NewERA objectives of job creation and economic growth. The report of the review group on State assets and liabilities has been published and is under active consideration by the Government, including consultation with stakeholders. Any future Government decision with regards to this report will have regard to the programme for Government and will target up to €2 billion in sales of non-strategic State assets.

As I already have advised Members, the Government has clearly set out its intention to ensure that the semi-State sector will play a full role in Ireland's economic recovery. The investment programmes of the State companies must be fully focused on delivering for the State as a shareholder and on the Government's strategic priorities. Under the NewERA authority, existing and new investment programmes by the State companies will continue to be funded primarily by revenue streams, regulated income and appropriate borrowings. They must also ensure the best possible return for the State as a shareholder.

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