Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024 (Bill 21 of 2024)

"Bill entitled an Act to provide for the establishment of a fund to be known as the Future Ireland Fund for the purpose of supporting, in a consistent and sustainable manner, State expenditure in any year from 2041; to provide for the establishment of a fund to be known as the Infrastructure, Climate and Nature Fund for the purpose of supporting State expenditure, in 2026 or any year thereafter, in the event of a significant deterioration, or likely such deterioration, in the economic or fiscal position of the State and for the purpose of supporting State expenditure, between 2026 and 2030, on certain environmental projects; to provide for the control and management of those funds by the National Treasury Management Agency; to provide for the transfer of certain assets to those funds; to provide for the dissolution of the National Surplus (Exceptional Contingencies) Reserve Fund and the transfer of the assets of that fund to the Future Ireland Fund and the Infrastructure, Climate and Nature Fund; for those and other purposes to amend the National Treasury Management Agency Act 1990, the National Treasury Management Agency (Amendment) Act 2014 and certain other enactments and to repeal the National Surplus (Reserve Fund for Exceptional Contingencies) Act 2019; and to provide for related matters."

Last updated: 25 Mar 2024

https://www.oireachtas.ie/en/bills/bill/2024/21/


"Its purpose is to support in a consistent and sustainable manner, State expenditure from 2041 onwards. It is intended that it will support expenditure in areas that have been identified as likely demands on the public finances.

Annual contributions will be made to the Future Ireland Fund from 2024 until 2035, after which further contributions can be provided through a Dáil resolution. There is no limit on the potential size of the fund.

For each year from 2024 to 2035, 0.8 per cent of GDP will be invested in the fund. Approximately €4.1 billion will also be transferred from the dissolution of the National Reserve Fund in 2024.

Taking account of annual contributions, growth in GDP and potential return from investments, the government says the fund has the capacity to grow to €100 billion by 2035.

The Infrastructure, Climate and Nature Fund will seek to deal with the pro-cyclicality of public spending and to assist with climate change objectives and nature, water quality and biodiversity issues. The fund will provide for resources for spending in a future downturn to support expenditure through the economic and fiscal cycle and to support designated environmental projects.

It is intended that €2 billion will be invested in this fund each year from 2024 to 2030. That €14 billion contribution equates to the average annual amount of capital expenditure under the National Development Plan over 2023-2028."

https://www.irishlegal.com/articles/legislation-establishing-two-new-state-funds-published

The Dept of Justice have been trying to hide the fact that most asylum seekers are economic migrants because "the release of the information may increase a negative sentiment amongst the general public and endanger genuine applicants for International Protection."

This is what disinformation actually looks like — the deliberate concealment of factual information about the asylum racket.

And this negative public sentiment they say they fear is actually against successive governments for facilitating the abuse of the asylum system for more than 25 years while anyone who called it out was censored, vilified and attacked.

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updated to include 'The Dickhead's Phone, 2024'