Oireachtas Joint and Select Committees

Wednesday, 7 September 2022

Committee on Budgetary Oversight

Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Is there ever a scenario in which, with €500 million put into the rainy day fund, that €3.3 billion in unexpected taxes can be used in a targeted way for once-off measures? We are in a wartime situation with energy prices. What is happening in Russia is partly the reason gas prices have gone up. Is there any circumstance in which we would use some of the €3.3 billion for the purpose of targeted, once-off measures?

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