Oireachtas Joint and Select Committees

Thursday, 12 July 2018

Public Accounts Committee

2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017

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9:00 am

Mr. Conor O'Kelly:

That is a matter of policy. The Minister agrees with the Deputy to a degree, as the purpose of the rainy day fund and the excess being moved into other investment vehicles is to access a counter-cyclical buffer in the event of something happening, such as the Deputy described.

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