When Minister for Finance Michael McGrath’s budget speech opened with the expected announcement of two long-term saving funds this Tuesday, he confirmed a well-flagged plan, fleshed out some of the details, and added a minor surprise. The Future Ireland Fund, a traditional savings pot, “will help to protect living standards and public services for current and future generations,” McGrath said. The novelty came in the full name of the equally expected infrastructure fund, which now also covers “climate and nature”. “These funds are vital to help future-proof our economy and our public finances,” he added. The dual structure of the…

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