The committee has recommended in a report published Friday that any future fund should focus on making green and ethical investments, with a particular emphasis on international assets instead of domestic ones. Furthermore, the money allocated to the fund should be dedicated to pensions, sustainable infrastructure, and digital skills.
Barry Cowen, the committee chair and Fianna Fáil TD, stated that the creation of a new fund is a crucial step towards securing the future fiscal needs of the state. According to him, increased tax receipts are the result of hard work and resilience from the business community, as well as the dedication and ambition of citizens working within and alongside this community.
The committee believes that the wellbeing of citizens should be prioritized, ensuring a dignified and comfortable life in their later years. They see the discussed fund as an opportunity to invest in sustainable infrastructure and support initiatives that protect the environment. Additionally, the growing digital environment requires support for individuals to adapt their skillsets to the new digital reality.
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