Dáil Éireann Debate, Tuesday - 21 April 2026
265. Deputy Naoise Ó Muirí asked the Tánaiste and Minister for Finance the current balance of the Future Ireland Fund and the Infrastructure, Climate and Nature Fund; the approach and timing for depositing in each fund; the purpose for which these funds will be utilised; and if he will make a statement on the matter. [26896/26]
Amharc ar fhreagraAs the Deputy will be aware, the Future Ireland Fund (FIF) and Infrastructure, Climate and Nature Fund (ICNF) were established in 2024 following enactment of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Act 2024.
These funds have been created to assist in meeting the known future challenges particularly those linked to demographics, de-globalisation, de-carbonisation and digitalisation.
The FIF is designed to serve as a long-term investment fund to support, in a consistent and sustainable manner, State expenditure from 2041 onwards. Following an annual fiscal and economic assessment process, under the Act, 0.8% of GDP will be transferred to the FIF each year up to 2035. This will help to deal with future recognised expenditure pressures including ageing, climate, digitalisation and other fiscal and economic challenges.
The purpose of the ICNF is to support State expenditure in the event of a significant deterioration in the economic or fiscal position of the State, and in the years 2026 to 2030, to support expenditure on designated environmental projects. Up to €3.15 billion will be available to support designated environmental projects over this period.
As of 31 December 2025, the value of the FIF was approximately €12.7 billion. The value of the ICNF stood at approximately €4.1 billion on the same date.
I announced details of further transfers to each fund this year on Budget Day last year, with approximately €4.5 billion to transfer to the FIF and €2 billion to the ICNF in 2026.
