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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There are no particular criteria for how NTMA money can be used. That money is on the balance sheet. The benefit of setting up a rainy day fund such as this is that there will be specific criteria for how that funding may be used and one will do it in such a way that it is compliant with the fiscal rules.