Oireachtas Joint and Select Committees
Wednesday, 26 October 2022
Committee on Budgetary Oversight
Post-budget 2023 Examination: Discussion (Resumed)
Mr. Matt McGann:
-----as Mr. Cassidy was alluding to, so if you are in a severe economic downturn you have those reserves available to support the economy in countercyclical fiscal policy. However, that also means the money needs to stay quite liquid and be available, so it is probably not invested and making much of a return.
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