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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Ireland: Call for EUR3bln ‘recovery fund’

Posted on 15 October 2010

From Irishtimes.com: A €3 billion economic recovery fund should be created with finance from the National Pensions Reserve Fund, an independent think-tank said today. In its Budget 2011 proposals, Tasc also said tax increases worth €2.8 billion to the economy including a 0.28 per cent property tax and a reduction in pension tax relief to the standard rate, should be introduced.
And it said €300 million could be found by cutting expenditure, including reducing consultancy fees by half, imposing restrictions on travel and subsistence and reducing support to private schools……………………………………….Full Article: Source


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