Question 1

What does the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024 do?

Accepted Answer

Creates Future Ireland Fund managed by National Treasury Management Agency to support State spending from 2041 onwards, funded by 0.8% of annual GDP contributions from 2024–2035. Establishes Infrastructure, Climate and Nature Fund receiving €2 billion yearly (2025–2030) for emergency fiscal support or environmental projects, with capped annual drawdowns of 22.5% of fund value. Dissolves National Surplus (Exceptional Contingencies) Reserve Fund, transferring €2 billion to Infrastructure, Climate and Nature Fund and remainder to Future Ireland Fund.

Question 2

What stage is the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024 at?

Accepted Answer

As of 30 Aug 2024, the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024 is at Enacted. Once a bill passes every stage in both Houses of the Oireachtas and is signed by the President, it becomes law.

Question 3

Who introduced the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024?

Accepted Answer

The Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024 was sponsored by Minister for Finance, and was introduced on 25 Mar 2024.

Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024

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