Exchequer transfers €4bn into new Future Ireland Fund

The fund is one of two that were first announced in Budget 2024 and is aimed at protecting public services for the long term

Minister for Finance Jack Chambers PIC: Maxwells 

The State has completed its first of a series of transfers into a new wealth fund set up to invest windfall receipts from multinationals in Ireland. 

Announcing the completion on Tuesday, Minister for Finance Jack Chambers confirmed that €4.05bn has been moved into the Future Ireland Fund, representing 0.8% of Gross Domestic Product (GDP).