Jump to content
  • Welcome to DOSBODS


    DOSBODS is free of any advertising.

    Ads are annoying, and - increasingly - advertising companies limit free speech online. DOSBODS Forums are completely free to use. Please create a free account to be able to access all the features of the DOSBODS community. It only takes 20 seconds!



Green Gold ...


Recommended Posts

reland’s finance minister to propose sovereign wealth fund to use €10bn surplus

Jude Webber in Dublin

Ireland’s finance minister Michael McGrath will submit proposals to set up a sovereign wealth fund as the government seeks to channel bumper surpluses into infrastructure and debt-reduction programmes.

The “scoping paper” to be put to cabinet on Tuesday will examine similar ones in Norway, Japan and Australia and would set out criteria for the fund, to be managed by the National Treasury Management Agency, a ministry spokesman said.

The fund is expected to be used for capital projects and to lower the country’s debt, he added.

Ireland is awash in cash from corporate tax receipts and the government last month forecast a surplus this year of €10bn, rising to €16.2bn next year, versus €8bn in 2022.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Create New...