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The Independent UK

National

Cillian Sherlock

Budget a ‘fundamental reform’ of public finances, Irish finance minister says

Budget Euro Michael McGrath Pearse Doherty Paschal Donohoe Economy Ireland Sinn Fein

PA Wire

Irish Minister for Finance Michael McGrath has said the creation of major multi-billion euro long-term investment funds in Budget 2024 represents a “fundamental reform in how we plan the management of public finances”.

Mr McGrath announced two new funds that will use Ireland’s multi-billion euro windfall from corporation tax receipts, mostly derived from multinational companies, to invest in future priorities, including support for the response to climate change.

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