SF calls for €2bn from pensions fund to back jobs initiative

Sinn Féin is calling on the Government to use €2bn from the national pensions reserve fund to pay for its jobs initiative, details of which will be revealed later.

Sinn Féin is calling on the Government to use €2bn from the national pensions reserve fund to pay for its jobs initiative, details of which will be revealed later.

The Government is expected to unveil a range of projects aimed at boosting employment, including a €30m school building plan, a new energy retro-fitting scheme, and the abolition of the air travel tax to boost tourism.

The Government has recently played down expectations of the plan, which will be revenue neutral and will not involve a new cash injection into the economy.

Sinn Féin's finance spokesperson Pearse Doherty said the Government should raid the National Pensions Reserve Fund to provide a real economic stimulus.

"A financially neutral stimulus package is not a stimulus package. It is a far cry from what Fine Gael and Labour argued for only eight weeks ago before the election," he said.

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