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Government re-announcement after 21 months waiting for NPRF legislation contains nothing new: Doherty

13 June, 2013 - by Pearse Doherty TD

Sinn Féin finance spokesperson, Pearse Doherty TD, says today’s announcement of changes to allow the National Pension Reserve Fund to be used for economic investment is “21 months overdue”.
“The creation of a Strategic Investment Fund was first announced in September 2011. Twenty-one months have passed without any movement in making it fit for purpose.
“Since then Sinn Féin has consistently asked when the necessary legislation to allow the changes in the NPRF to be made would appear and in what form. “Even today at Order of Business the Tánaiste could not say when the legislation would reach the Dáil.
“This government and the one before it has wasted years on austerity and any real move away from that dead-end would be welcomed by Sinn Féin.
“This fund must have as its aim to invest in the real economy and create sustainable jobs.
“There is nothing new in the government’s re-announcement of this plan. We wait in hope of seeing a real stimulus plan along the lines we and other progressive opinions have put forward.
“We have seen before how this government announces an initiative and then sits on its hands and then carries on with austerity as normal.
“Today’s announcement is a rehash of a vague commitment for which the Tánaiste is unable to give any date. Sinn Fein will welcome any move towards stimulus when we see it happening on the ground and not just at a government press conference.”

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