Government set to approve new multibillion-euro public investment fund

The government is set to sign off on a new multibillion-euro public investment fund in the coming weeks, which will invest in infrastructure and other capital projects during periods of economic downturn.

The new investment fund, which will be administered by the National Treasury Management Agency , will be established alongside a new state savings pensions fund later this year. It’s understood both funds will initially be financed from windfall corporate tax receipts, which are ...

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