Goodbody economist estimates that the combined assets of the two funds announced in the budget could amount to €50bn by the end of 2029, including contributions and investment growth
could help drive the Government’s net debt down to close to 40 per cent of size of the domestic economy by the end of the decade, according to
Uncertainties include a change in government policy on the savings funds, an economic downturn, inferior investment returns and adverse corporate tax developments. Therefore, any estimates should be seen as scenarios rather than forecastsThe net debt ratio estimate is set against gross domestic income star , a measure of the domestic economy.
Mr O’Leary said that FIF might equate to about 10 per cent of gross domestic product at that stage, which suggests the Republic would by then be a €1 trillion economy.
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