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

-----but it does him a disservice to say that it can be used. It can be used for a number of things depending on what the Oireachtas decides at some point in the future. There is a pot of money that, by the end of 2023, should amount to €4 billion. It will then be a matter for the Oireachtas, if the Houses see fit, to add to that pot of money to a maximum of €8 billion. If external shocks occur, the pot of money will be available to help out and ensure that we have a buffer.

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