Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I was at the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach with Deputy Doherty. I have one question on the point about corporation tax receipts. In a scenario where corporation tax receipts continue to rise, is it the view of the council that it would be unwise of Government to make spending decisions and build up long-term permanent spending commitments on the back of those receipts? Does the council link this to the rainy day proposal? I know the IFAC is in favour of a rainy day fund from 2019 onwards. What are the views of the council on spending the money or not spending it? If we do not spend it, do we simply use the headroom to improve the deficit position and reduce debt? Should we put it aside as a buffer?