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 Paul MurphyPaul Murphy (Dublin South West, Solidarity) | Oireachtas source

Deputy O'Brien was dogged in pursuing the truth that this money can be used for a bank bailout. Eventually, the Deputy has got an admission, albeit more by nodding than by words. The Minister of State made the point that it could only be done with the agreement of the Oireachtas, but that is not quite true. Were an emergency to happen while the Oireachtas was not sitting and it involved, in the Government's opinion, the need to bail out a bank with this money, it could happen without the agreement of the Oireachtas. Is that not the case?

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