Eamon Ryan (Dublin Bay South, Green Party) | Oireachtas source

I very much agree with the concept of a rainy day fund because counter-cyclic economics make sense. We have a Parliamentary Budget Office, which did a good report on that. Its recommendation was that it only makes sense if, within the fiscal rules, such a fund can be used in future years to provide fiscal flexibility. I asked the Minister for Finance when he appeared before the committee whether he is confident that the Commission will recognise it in that way and I would be interested in getting such reassurance from Mr. Martínez Mongay that if we have a rainy day fund we will be able to use it when it rains.