Oireachtas Joint and Select Committees
Wednesday, 26 September 2018
Committee on Budgetary Oversight
Ex-ante Scrutiny of Budget 2019: Minister for Finance
1:30 pm
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
I think they would be happy with the triggers we have set out in respect of how that funding would be accessed; they currently understand the rationale for it. There is flexibility within the Stability and Growth Pact regarding the kind of conditions the economy could develop that would allow the release of funding. The Commission would see the rainy day fund - I know there are differing views on it among committee members - as an example of the kind of budgetary resilience that we should be trying to build up at this point in our economic cycle.
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