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
Jonathan O'Brien (Cork North Central, Sinn Fein) | Oireachtas source
We submitted to the Department a number of freedom of information requests for the briefing documents provided to the Minister. In one of those documents, a question was posed as to whether any situation was envisaged in which the rainy day fund would be used to bail out a bank or other financial institution. The answer was that, while the Minister did not expect the rainy day fund to be required to bail out banks, he would caution against closing off future uses of the rainy day fund at that time. While the Government does not expect the fund to be used to bail out banks, it can be. Does the Minister of State accept that?
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