Oireachtas Joint and Select Committees

Thursday, 29 September 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Estimates for Public Services 2016: Department of Public Expenditure and Reform

9:00 am

Photo of Paul MurphyPaul Murphy (Dublin South West, Anti-Austerity Alliance) | Oireachtas source

One could argue that we already have a rainy day fund in the shape of the Strategic Investment Fund. We are not allowed to spend it as long as the fiscal rules remain, at least as they currently are currently formulated, precisely because of the expenditure rules. What use is there in having a rainy day fund if we are going to be constrained within this limited fiscal space?

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