IRELAND COULD hold back up to 50 per cent of the proceeds from the sale of State assets for domestic investment following agreement with the EU-IMF, Taoiseach Enda Kenny has said.
The original agreement allowed the State to keep just a third of total sales to spend on infrastructure and jobs.
“The change now is that that will be significantly higher. It could be – I stress could be – as high as 50 per cent,” said Mr Kenny.
Minister for Finance Michael Noonan and Minister for Public Expenditure and Reform Brendan Howlin would not be drawn on a figure during a press conference on the bailout programme review.
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(Photocall Ireland)
