McGrath's department said the fund could reach 142 billion euro if 12 billion euros - its windfall corporate tax estimate for 2023 - was invested each year to 2030, generated a real rate of return of 5% and those returns were reinvested until 2035. That would cover 82% of the projected rise in age-related costs by that year or 41% at a lower return of 3%.
DUBLIN (Reuters) - Ireland could amass a 142 billion euro ($156 billion) sovereign wealth fund by 2035 and cover much of its future age-related costs if it invests all its forecast windfall corporation tax receipts, the finance ministry estimated on Wednesday. | 10:06am