Peadar Tóibín (Meath West, Sinn Fein)
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165. To ask the Minister for Finance the expected impact on job creation in the short to medium term of the proposed €6 billion stimulus package. [19133/13]

Michael Noonan (Limerick City, Fine Gael)
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I assume that the Deputy is referring to the proposal to establish the Ireland Strategic Investment Fund (ISIF) which will absorb the National Pensions Reserve Fund (NPRF). Officials of my Department are currently preparing the legislation to create the ISIF with an Ireland-focused commercial investment mandate, designed to encourage economic activities and employment through the redeployment of NPRF resources of approximately €6 billion.

As the Deputy will appreciate it is not possible at this time to quantify the expected impact on job creation in the short to medium term of the ISIF investment fund.