Ireland risks ‘reputational damage’ if future-proof fund accessed early, TDs told

Future governments would risk “reputational damage” to the country if attempts were made to withdraw monies from two new funds being established to address expenditure in the coming decades, TDs and senators were told on Wednesday.

Department of Finance officials warned that while legislation currently before the Dáil to establish the Future Ireland Fund - which is to be part-funded by windfall corporation tax receipts - would prevent any withdrawal before 2040, future administrations could ...