Launch of economic plan

It’s going on at the moment.  One strange detail (no doubt among many) has emerged.  The government just adjourned the Dail for 6 weeks.  But they will need legislation to access the National Pension Reserve Fund for their capital programme for banks.  Now it turns out the proposed venture capital fund for R&D will also be getting NPRF money.   So the NPRF is now in effect an instrument of industrial policy rather than a pension-provision instrument.  Of course the government talking points will be that there is no difference.  But that’s not how most pension funds are run.  The legislation setting up the NPRF will need to be rewritten.  But when will the Dail see it?  Tempus fugit!