Oireachtas Joint and Select Committees

Wednesday, 26 October 2022

Committee on Budgetary Oversight

Post-budget 2023 Examination: Discussion (Resumed)

Photo of Neasa HouriganNeasa Hourigan (Dublin Central, Green Party) | Oireachtas source

I do not see anybody raising their hand to come back in. I have some questions of my own. I will start with the national reserve fund, which we are not allowed call the rainy day fund anymore. I will go back a little to the national reserve fund in order to clarify some points. Some €2 billion was allocated to it in 2022 and €4 billion in 2023. There is a cap of €8 billion generally on the national reserve fund. The annual transfer is meant to be €500 million. Am I correct in thinking that if we transfer the proposed amounts, we will need a Dáil resolution to do so? I do not want to get into policy but we are exceeding how the fund was envisaged so we have to change it.

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