The Minister and his Department have been silent on the question of using some of the resources of the national pension fund to finance capital projects. This is important and has been widely discussed inside and outside of the Houses. I acknowledge that the Minister's decision to set aside money for the future in the pension reserve fund was correct. However, there are infrastructural deficiencies and large amounts of money, which could have been invested for a gain here, have been invested outside the country. Over €1 billion of borrowed money has been channelled into foreign stock markets under the pension reserve fund at a time when there are large infrastructural problems.