FG: Funds from sale of semi-State firms 'must not be squandered'

FG: Funds from sale of semi-State firms 'must not be squandered'

Fine Gael is urging the Government to ring-fence the proceeds from any sale of semi-State companies for investment in jobs and infrastructure.

The Government is to appoint an expert group to assess the scale and value of semi-State companies assets and liabilities.

A potential sell-off of a number of such companies would raise billions of euro for the Government which is facing a €20bn budget deficit.

Fine Gael's Communications spokesperson Leo Varadkar has said his party has no issue with such a move "provided the proceeds are not squandered".


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