Emer Currie (Dublin West, Fine Gael)
Link to this: Individually | In context

307. To ask the Minister for Finance if he has examined the potential of schemes to allow Irish savers to invest more of Ireland’s substantial household deposit savings into products which directly fund the delivery of major Irish public infrastructure projects; and if he will make a statement on the matter. [32757/25]

Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context

With regard to your suggestion of establishing a savings scheme to allow citizens to invest their money for use by the State, I would refer the Deputy to Ireland State Savings products, which are managed by a body under my aegis as Minister for Finance, the National Treasury Management Agency (NTMA).

Through Ireland State Savings products, including Savings Certificates, Savings Bonds and National Solidarity Bonds, personal savers are enabled to invest their money in competitive, flexible products which are free from taxes and fees and afforded full State protection.

Both short term and long-term fixed rate products are offered with maturities from 3 to 10 years. The return for the saver rewards those who hold products to maturity, however early redemption is also possible.

Crucially all savings invested in this way are available to the Exchequer to fund Government expenditure, including the delivery of major Irish public infrastructure projects. They form part of the National Debt of Ireland and repayment of all Ireland State Savings money is a direct, unconditional obligation of the Irish Government.

Ireland State Savings products can be purchased online, through Post Offices, by Post or by Phone, with further information available at www.statesavings.ie.