Michael McGrath (Cork South Central, Fianna Fail)
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88. To ask the Minister for Finance the current cash balance on the discretionary portfolio in the National Pension Reserve Fund; and if he will make a statement on the matter. [6543/15]

Michael Noonan (Limerick City, Fine Gael)
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Pursuant to the National Treasury Management Agency (Amendment) Act 2014 the Ireland Strategic Investment Fund (ISIF) was established (effective 22 December 2014). The ISIF will take over the assets of the National Pensions Reserve Fund (NPRF) which will be used for investment on a commercial basis to support economic activity and employment in Ireland.

The National Treasury Management Agency has advised that the preliminary and unaudited holding of cash and cash equivalent was €2.4 billion as at 31 December 2014.