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

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

That risk is absolutely there. The policy on it has to strike a balance between being prescriptive enough that it cannot be accessed to deal with the kind of difficulties any Government might face, day after day and year after year, while at the same time not being so prescriptive that a Government can never use the money. The Minister for Finance of the day would be central to that choice.

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