Oireachtas Joint and Select Committees

Thursday, 28 March 2019

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

National Surplus (Reserve Fund for Exceptional Contingencies) Bill 2018: Committee Stage

Photo of Michael D'ArcyMichael D'Arcy (Wexford, Fine Gael) | Oireachtas source

I will deal with what the Deputy said about one of the circumstances being recapitalisation of the banks. That is not what this pot of money is for. This was stated to the Deputy and his colleagues on Second Stage. It is clear they are not, however, accepting that. The Deputy said that, effectively, the only use for this pot of money is to recapitalise the banks.

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