The Minister for Public Expenditure and Reform, Brendan Howlin, has said that half of the total money raised by the sale of state assets will be used for job creation and the other half will be used to raise funds for other stimulus projects.
The Taoiseach said yesterday a detailed list of the assets for potential sale would be brought forward by mid-summer.
The government is in talks with the EU/IMF troika about the potential sale of assets.
Following talks with the troika and the European Investment Bank in Brussels this week, Mr Howlin said that he had proposed that all of the money would be used, one way or another, to leverage immediate stimulus into the Irish economy.
On Morning Ireland, Mr Howlin said it would be one element of an overall economic stimulus package to be announced by Government.
He declined to say whether the announcement would be made before the referendum on the fiscal treaty, saying he did not want interfere with the referendum.
The Minister also said that he'd been assured that there was a 'robust' appetite in the markets for the state assets.
He said he had dealt directly at the meetings with the European Commission - who had been dealing with the other elements of the troika - and he had outlined his proposal:
"What I put on the table now is to use 50% of the total of the sale of State assets money...for job creation and to use the balance of it also to set aside a fund to leverage further money. So in essence the totality of the money would be, in one shape or another, used to leverage immediate stimulus into the Irish economy."
