John Paul Phelan (Carlow-Kilkenny, Fine Gael)
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44. To ask the Minister for Finance if the ongoing development of the framework for allocation of the windfall receipts will consider the potential to invest in acquiring equity to finance the scaling of Irish enterprises in order to enhance the competitiveness of the Irish economy and to expand the corporation tax base; and if he will make a statement on the matter. [40415/24]

Jack Chambers (Dublin West, Fianna Fail)
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As part of Budget 2025, my Department published a document titled “Use of the Escrow Receipts – A Framework”.

The document sets out the following in relation to the framework for the allocation of these windfall receipts.

“The ultimate guiding principles should be to continue to expand the capital stock to support competitiveness, productivity and future economic development in a manner that is consistent with value for money, and complements other available sources of funding including the NDP, AIB Share sale proceeds and resources available to Climate and Nature Projects from the Infrastructure, Climate and Nature Fund (ICNF). The provision of the additional funding for infrastructure to support housing, water, energy and transport would form the key strategic investment pillars for these funds”.

As I mentioned in my speech on Budget day, work is just beginning on developing the framework and will be overseen by my Department and the Department of Public Expenditure, NDP Delivery & Reform, involving input from relevant departments and agencies.