Oireachtas Joint and Select Committees
Wednesday, 31 January 2018
Committee on Budgetary Oversight
Proposal to Establish a Rainy Day Fund: Minister for Finance
1:30 pm
Jonathan O'Brien (Cork North Central, Sinn Fein) | Oireachtas source
The question was more about how the Minister evaluates what should be spent in the precautionary stage as opposed to having something in a contingency fund for after the event. I used flooding as an example. We are looking at €1 billion being needed for the flood defences. Obviously, if we had the €1 billion and it was spent, that might mitigate any longer-term risks for using a contingency fund for that particular event.
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