Oireachtas Joint and Select Committees

Tuesday, 12 November 2019

Committee on Budgetary Oversight

Ex Post Budget Scrutiny: Minister for Finance and Public Expenditure and Reform

Photo of Eamon RyanEamon Ryan (Dublin Bay South, Green Party) | Oireachtas source

It is impossible to know what will happen with Brexit, but the possibility of a no-deal Brexit is probably somewhat lower now than it was on budget day, though it will depend on what happens in the UK election. Will the Minister give the committee an update on the provisions that were made in the budget for a Brexit contingency fund? Given that there has not yet been a deal, I assume the fund will not be drawn down. What is the provision for the funding in that case? Is it returned to the rainy day fund? What amount is contingent on a no-deal Brexit? Given that a decision is not likely until the end of January, is that section of the budget on hold pending developments in the UK?

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