Oireachtas Joint and Select Committees

Wednesday, 5 July 2023

Committee on Budgetary Oversight

Sovereign Wealth Funds: Discussion (Resumed)

Photo of Rose Conway-WalshRose Conway-Walsh (Mayo, Sinn Fein) | Oireachtas source

I thank Mr. McGann for his statement. I apologise that he was kept waiting for so long. In the future-proofing document, the Department stated, "In 2019, the Government established the National Reserve Fund; the objective was to provide sufficient funds to mobilise counter-cyclical fiscal support in the event of a severe economic downturn."

Does the National Reserve Fund face any limitations in terms of its use for the counter-cyclical expenditure in response to an economic slowdown or shock? What are the limitations around the pension reserve fund?

Comments

No comments

Log in or join to post a public comment.