Oireachtas Joint and Select Committees

Thursday, 30 May 2019

Public Accounts Committee

2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council

9:00 am

Photo of Peter BurkePeter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

Issues were raised about deploying the rainy day fund in a countercyclical manner if the economy meets a shock. Questions have been raised about the flexibility of the fund with regard to drawing down funds in light of domestic and EU rules on spending. Is this significant level of concern justifiable in terms of how we can spend that money should the economy experience a shock?


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