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Ceisteanna ó Cheannairí - Leaders' Questions (16 Jul 2025)

Cian O'Callaghan: It is public money.

Ceisteanna ó Cheannairí - Leaders' Questions (16 Jul 2025)

Cian O'Callaghan: It is funded by Government.

Ceisteanna ó Cheannairí - Leaders' Questions (16 Jul 2025)

Cian O'Callaghan: The Irish Strategic Investment Fund is funded by the Government using public money - money that belongs to the public. The Government gives the Irish Strategic Investment Fund its strategic direction. It should be directing it not to have any of our money invested in companies operating in contravention to international law in the West Bank.

Ceisteanna ó Cheannairí - Leaders' Questions (16 Jul 2025)

Cian O'Callaghan: There are much better places our money should be spent - in affordable housing, healthcare and disability services. Not a cent should be invested in companies operating in occupied Palestinian territories in the West Bank. The Taoiseach knows that. Is he going to stop this now and will he tell the Dáil when were the Israeli bonds sold, on what date? We know it was a few weeks ago....

Ceisteanna ó Cheannairí - Leaders' Questions (16 Jul 2025)

Cian O'Callaghan: Is the Taoiseach going to act to ensure not a cent of Irish public money goes into these companies?

Ceisteanna ó Cheannairí - Leaders' Questions (16 Jul 2025)

Cian O'Callaghan: Directly and indirectly.

Ceisteanna ó Cheannairí - Leaders' Questions (16 Jul 2025)

Cian O'Callaghan: Is the Taoiseach defending it?

Ceisteanna ó Cheannairí - Leaders' Questions (16 Jul 2025)

Cian O'Callaghan: Where does the Taoiseach think that money goes? There should not have been a cent.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: The Impact of Tariffs on the Irish Economy: Nevin Economic Research Institute (16 Jul 2025)

Cian O'Callaghan: I thank Dr. McDonnell and will finish there as I think I have used my time. Can I just make one point?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: The Impact of Tariffs on the Irish Economy: Nevin Economic Research Institute (16 Jul 2025)

Cian O'Callaghan: In terms of countercyclical spend, in housing we can do more in a downturn with picking up from the private sector and we can get more affordable and social housing. Obviously, we need to keep doing it when times are good as well. If Dr. McDonnell has time later, he might touch on his views on the cost-of-living measures, whether they should be targeted or universal and his rationale for that.

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: The Impact of Tariffs on the Irish Economy: Nevin Economic Research Institute (16 Jul 2025)

Cian O'Callaghan: I thank the witnesses for attending and for their opening statement. Regarding the view that any retaliation, if that is the approach that is taken, should be general rather than through a targeted approach, can Dr. McDonnell expand on that?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: The Impact of Tariffs on the Irish Economy: Nevin Economic Research Institute (16 Jul 2025)

Cian O'Callaghan: Regarding NERI's assessment of the level of risk to windfall corporation taxes, what is Dr. McDonnell's view of the level of risk? Related to that, how urgent is it that we take measures to broaden the tax base?

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: The Impact of Tariffs on the Irish Economy: Nevin Economic Research Institute (16 Jul 2025)

Cian O'Callaghan: I am trying to get an idea of Dr. McDonnell's assessment of how much at risk that windfall corporation tax is. He said we either need to save or invest in infrastructure. I and some other members of this committee are also on the Committee on Budgetary Oversight, where we have met with the Central Bank, IFAC and the ESRI, which all referred to the importance of saving and putting the money...

Joint Oireachtas Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: The Impact of Tariffs on the Irish Economy: Nevin Economic Research Institute (16 Jul 2025)

Cian O'Callaghan: I have two further questions. On the issue of saving for countercyclical infrastructure investment, is there an issue with that in the context of timelines for infrastructure? If we are to save for a downturn, trying to align that spend with the downturn in terms of getting through all of the processes would be very tricky. It is a good theory but the actual practice is problematic. Is...

Ceisteanna Eile - Other Questions: National Treasury Management Agency (15 Jul 2025)

Cian O'Callaghan: It is not okay for the board to simply be aware of the issues. It is not okay for some divestments to take place while there are still investments in these companies that are operating in the occupied territories. This is with our money. Will the Minister direct ISIF to stop investing in companies that are breaking international law? That is what is happening. This is about a breach of...

Ceisteanna Eile - Other Questions: National Treasury Management Agency (15 Jul 2025)

Cian O'Callaghan: So it can ignore international law?

Ceisteanna Eile - Other Questions: National Treasury Management Agency (15 Jul 2025)

Cian O'Callaghan: It should do when it comes to international law.

Ceisteanna Eile - Other Questions: National Treasury Management Agency (15 Jul 2025)

Cian O'Callaghan: 104. To ask the Minister for Finance if he will ensure that the Irish Strategic Investment Fund is fully divested from all companies directly and indirectly involved in illegally occupied Palestinian territories; and if he will make a statement on the matter. [39362/25]

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