Ireland Makes Case For SWF

Posted on 05/11/2023

Ireland’s Finance Minister Michael McGrath made a “strong economic and fiscal case” for a sovereign wealth fund in the Emerald Isle in a scoping paper. McGrath intends for the new fund to invest windfall corporation tax receipts and future budget surpluses. The Irish government had a surplus of €8 billion (US$ 8.8 billion) due to…

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