Dáil Éireann Debate, Tuesday - 10 February 2026
396. Deputy Eoin Hayes asked the Tánaiste and Minister for Finance to report on the total operating costs of running the NTMA and ISIF, on assets under the management of both entities; and the proportion of the former to the latter in bps terms, on an annual basis, for each entity. [9280/26]
View answerThe National Treasury Management Agency has informed me that it operates across six separate business units: Funding and Debt Management (“FDM”), the State Claims Agency (“SCA”), NewERA, the Ireland Strategic Investment Fund (“ISIF”), the National Development Finance Agency (“NDFA”), and the Future Ireland Funds (in respect of the Future Ireland Fund (“FIF”) and the Infrastructure, Climate and Nature Fund (“ICNF”)).
The NTMA also assigns staff and provides business and support services and systems to the National Asset Management Agency (“NAMA”), the Strategic Banking Corporation of Ireland (“SBCI”) and Home Building Finance Ireland (“HBFI”). The total operating cost of the NTMA in fulfilling all of the above remits in 2024 was €145m, as published in the 2024 Annual Report.
The Funds under the management of the NTMA comprise of the ISIF, the Future Ireland Fund and the Infrastructure, Climate and Nature Fund. The total operating cost of these funds is reported in the table below in € million, as taken from the 2024 Annual Report. Any differences in the Basis points (Bps) figures is due to rounding.
|
|
ISIF |
Future Ireland Funds |
Infrastructure, Climate and Nature Fund |
|
|
€m |
€m |
€m |
|
Net assets as at 31 December 2024 |
16,557 |
8,452 |
2,016 |
|
2024 operating expenses1 |
40 |
1.1 |
0.3 |
|
Bps |
24.0 |
1.2 |
1.3 |
1The Future Ireland Fund and the Infrastructure, Climate and Nature Fund were established on 30 July 2024. At year end 2024 these funds were invested in a portfolio of bonds and treasury bills, pending implementation of the long term investment strategy.
