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

Photo of Paschal DonohoePaschal 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.

Comments

No comments

Log in or join to post a public comment.