Oireachtas Joint and Select Committees

Wednesday, 31 January 2018

Committee on Budgetary Oversight

Proposal to Establish a Rainy Day Fund: Minister for Finance

1:30 pm

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I thank the Deputy. Regarding the first question, I would not anticipate that the contingency reserve fund could be used to fund precautionary work. In any Department, precautionary work that needs to be delivered should be part of the normal Estimates process. In my experience of dealing with these matters now, precautionary work and the objective of preventing future difficulties can be used to justify very large amounts of expenditure. I genuinely believe that if I was to include that as a use of the contingency reserve fund it-----